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Financial Resources

Hanover Park is committed to meeting the needs of new and expanding businesses.  Professional staff expedite permits through a one-stop permit process.  The Hanover Park Business CONECT (Committee on Networking, Education, and Community Teamwork) is dedicated to creating a thriving business environment and promoting economic growth.  To assist firms in business development, the Village has pursued innovative financing programs including tax increment finance districts and special service area financing.  Additional programs which can be considered include industrial revenue bonds, property tax abatement, and sales tax rebates.

Financial Assistance for Business Development

Illinois Finance Authority (IFA)

Financing Growth ...all over Illinois.

"We help finance initiatives throughout Illinois that stimulate the economy, create jobs and make a better Illinois for all."

The Illinois Finance Authority (IFA) is a self-financed, state authority principally engaged in issuing taxable and tax-exempt bonds, making loans, and investing capital for businesses, non-profit corporations, agriculture and local government units statewide.

180 N. Stetson #2555
Chicago, IL 60601
(312) 651-1300
(312) 651-1350 Fax
(800) 717-6066 Toll Free

Small Business Administration (SBA)

The SBA provides funding to small businesses through the 7(a) loan programs.  The SBA has many other programs available including term loans, loan guarantees, short-term credit lines, and low-interest loans.

U.S. Small Business Administration
500 West Madison Avenue, Suite 1240
Chicago, Illinois 60661-2511
(312) 353-0357
Fax: (312) 353-3426

Illinois Department of Commerce and Economic Opportunity (DCEO)

DCEO provides many types of financial, technical, and training assistance to Illinois businesses.  DCEO's funding programs include small business loans, minority and women business loans, and a certified lender program.

Illinois Department of Commerce and Economic Opportunity
Division of Loan Administration
620 East Adams Street
Springfield, Illinois 62701
(217) 785-6298

Accion Chicago

Accion Chicago offers alternative lending options and holistic business development services to current business owners and future entrepreneurs.  This organization works with qualified candidates who need small business loans to grow, expand or start-up a new business venture.   Accion Chicago staff also offers a wide range of services to tailor their client's needs to the financial products and services provided.  Accion works with a diverse range of businesses including coffee shops, daycares, clothing boutiques and service based companies. Contact Accion Chicago to help grow your business in Hanover Park!

Accion Chicago
1436 W. Randolph Street, Suite 300
Chicago, IL 60607
(312) 275-3000

Women's Business Center- Aurora/Chicago

The Women's Business Development Center offers assistance to businesses in the Hanover Park area with offices in both the city of Chicago and Aurora. with entrepreneurial programs and services.  Their services are offered both in person and online and both in Spanish and English.  One of their premier programs is called ScaleUp where they assist business owners with an "entrepreneurial education curriculum for growth-oriented business owners". To learn more about WBDC and their two convenient locations, please find their contact information below.

WBC-Aurora                          WBC-Chicago
43 W. Galena Blvd.                 8 S. Michigan Avenue Suite 400
Aurora, IL 60506                     Chicago, IL 60603
630-896-3115                          312-853-3477

Local Financial Institutions

First Eagle National Bank
1040 Lake Street
Hanover Park, Illinois 60133
(630) 893-3800

Hanover Park Community Bank
6800 Barrington Road
Hanover Park, Illinois 60133
(630) 837-2700

Charter One Bank
1301 Irving Park Road
Hanover Park, Illinois 60133
(630) 289-2800

Bank of America
1500 Irving Park Road
Hanover Park, Illinois 60133
(630) 289-9294

Chase Bank
1640 Irving Park Road
Hanover Park, Illinois 60133
(630) 736-5346

Fifth/Third Bank
7580 Barrington Road
Hanover Park, Illinois 60133
(630) 289-3001

Charter One Bank
1250 Lake Street
Hanover Park, Illinois 60133
(630) 540-1271