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NAB Bank
Chicago ILCDFI Awards for NAB Bank
BEA (2006) - $500,000
NAB Bank, of Chicago, IL, has been selected to receive an award of $500,000 through the FY 2006 round of the Bank Enterprise Award Program for its support of the community through affordable home mortgages, home improvement loans, and commercial real estate loans. NAB Bank is a certified CDFI with $144 billion in assets.
NMTC (2005) - $5,000,000
NAB Bank, will use its NMTC allocation to help expand its business lending in low-income communities. NAB Bank will focus on businesses seeking to relocate or expand inside NAB Bank"s community; established Chicago community businesses looking to expand locally; and start-ups within the community. The NMTC allocation will allow NAB Bank to offer a wider range of flexible banking products to its customers.
BEA (2004) - $892,778
NAB Bank (New Asia Bank) received an award of $892,778 for increasing its financing activities in distressed communities in Chicago.
BEA (2002) - $463,477
NAB Bank of Chicago, Illinois, received an award of $463,477 for Development and Service Activities.
Other Community Development Financial Institutions in Illinois
ACCION Chicago
Chicago
Bethel New Life, Inc
Chicago
Chicago Community Ventures
Chicago
Chicago Development Fund
Chicago
Community Revitalization Fund, Inc.
Hoffman Estates
IBC Bancorp, Inc.
Stone Park
IBC Community Development Corporation
Stone Park
Illinois Ventures for Community Action
Springfield
NAB Bank
Chicago
Peoples Economic Development Corporation
Mount Vernon
PGB Holdings, Inc
Chicago, IL
Sable Bancshares, Inc.
Chicago
The Valued Advisor Fund, LLC
Chicago
Urban Development Fund, LLC
Chicago
Urban Enterprise Fund
Chicago
Featured Government Grant Resources
Small Business Administration's Recovery Capital Loans
The Recovery Capital Loans Program provides financial assistance to small business with less than 500 employees to obtain a deferred payment loan from the agency, in order to meet existing debt payments, thereby giving the business the opportunity to refocus their business strategy.
What Are Opportunity Zones
Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.
Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
