Entrepreneurs who are starting or expanding restaurants, museums, hotels or any other businesses that attract tourists can take advantage of a matching funds loan program available through the Illinois Bureau of Tourism
Under the Tourism Attraction Loan Program, loan proceeds can be used for land acquisition, equipment purchase or installation, or working capital. They can also be used on a limited basis for research and development, feasibility studies, and management and marketing planning for new tourist attractions. The project must ultimately increase hotel and motel occupancy and tourism or better serve tourists.
The loan cannot be the primary source of capital or exceed $40,000, and must be no more than 50 percent of the actual expenditures needed for a single project.
Applications will be accepted through March 30; prospective applicants should call Marilyn Hurst at (217) 524-2998.