Are you a small business owner in the City of Chicago? Are you thinking of starting a small business? Either way, we have resources to help you. We have a small business micro-loan fund to help new or existing businesses grow. You will get personal attention and supporting resources to help you succeed. In addition, our member businesses may promote their business through displays in our lobby or in an e-newsletter to our members.
Checking and Savings Accounts
Small Business Checking
Bank locally and choose an account with no monthly fees, and no minimum balance requirements.
Small Business Savings
A $15 deposit and a $1, one time entrance fee is all it takes to become part of North Side.
Business Education and Resources
Small Business Workshops
North Side offers monthly workshops on a variety of small business development topics. One on one counseling is also available.
- No Events
Loans to Grow Your Business
Small Business Loans
Small Business Owners in Chicago can access up to $50,000 for eligible business expenses and working capital. Start ups can borrow up to $15,000 to establish their business.
Member Story – Doris Engamokwu
Doris Engamokwu first learned of North Side Community Federal Credit Union in 2003. It was around the same time she decided to pursue her vision of opening a daycare. She had been laid off from her job in 2002 and decided it was the best time to go for her dream. She reached out to the Women’s Business Development Center, a small business development center that had a partnership with North Side. She received her first loan for $35,000 to get her business off the ground.
She experienced many challenges along the way and made personal sacrifices to get the daycare running. Over time, she paid off her first loan and grew to twelve employees. In 2011 Doris decided it was time to own her own building. While she financed the property with another institution, when she realized the building needed much improvement she came back to North Side Community Federal Credit Union for her second loan.
She was pleased with her experience and states “the credit union did everything possible to help me get the loan. Tom was very patient, and worked with me through every step of the process.” Through her partnership with North Side, Doris was able to move from unemployment to small business owner. To learn more about her business, Little Kiddies Daycare, visit www.littlekiddiesdaycare.com.