Shimer Square

Shimer Square

Mount Carroll, Illinois

A different kind of loan from a different kind of lender.

Bridge Investment Community Development Corporation (Bridge Investment) is a mission-driven, non-profit Community Development Financial Institution (CDFI) committed to helping small businesses and microenterprises by providing loan capital with flexible terms and rates to help them sustain and grow. Bridge Investment is a national non-profit, but focuses its work in the states of Iowa and Illinois within areas with the highest need. Loans outside of Iowa and Illinois will be considered on a case by case basis. Business applicants may be in the start-up phase, existing, or expanding.

We are a CDFI. Community development financial institutions (CDFIs) are dedicated to delivering responsible lending opportunities. By putting community first, we offer fair and affordable loans and financial products that will facilitate your access to financial opportunities and success. CDFIs reach deep and lend where it counts.

ACHIEVE YOUR GOALS

Find a Loan that is Right for Your Business

We see people, not numbers. We are a financial partner that looks beyond the numbers to find the right loan opportunity for you. Each relationship we have with a customer is unique so that we can work together to meet their personal financial needs. We are a trustworthy lending alternative for small businesses, without the high repayment costs.

We’re here to listen. We’re here to help you plan. Bridge Investment Community Development Corporation is here to help you achieve your goals. Apply today.

ONLINE LOAN APPLICATION FORM

    Upload your completed application documents below:
    • Last 2-3 years Business Tax Return
    • Year To Date Balance Sheet and Income Statement
    • Monthly or Quarterly Profit and Loss Statement
    • Current list of all debt balances and monthly payments

    Small Business

    Business loans generally will range in size from $10,000 to $100,000 with favorable terms.

    Microloans

    Allows for loans to new or existing businesses starting from $500 to $10,00 for working capital, purchasing inventory, buying equipment, machinery, and hiring needs.

    Microloans – Limited

    Offers financial help to certain small businesses impacted by the COVID-19 pandemic. For a limited time only, Bridge Investment is offering microloans to help with operating and business capital to small businesses and microenterprises with a microloan up to $10,000 with no payments and no interest for the first 6 months of the loan to help your business stay on course.

    Black Business Loan Program

    Intended to help grow and increase diversity, the Black Business Loan Program will provide loan funds anywhere from $10,000 to $100,000 to Black-owned businesses in low-and-moderate income communities throughout Iowa and Illinois.

    Contractor Capacity Building Program

    Intended to build capacity of small contractors that are participating in public funded home rehabilitation programs funded by state agencies (such as the Illinois Housing Development Authority), providing financing 80% up front of total construction contract until construction is complete with favorable terms.

    SERVICES

    Bridge Investment CDC provides community-based lending services to finance business activities, real estate activities, and predevelopment activities.

    Loan terms, rates and conditions are determined based on the overall request and credit risk.

    Provide Working Capital

    To address working cash flow needs of existing or expanding businesses through small business and microlending.

    Provide Patient Capital

    To entities utilizing development agreements for the purpose of real estate transactions.

    Provide Short-term Gap Financing

    To entities seeking to assist with pre-development costs of businesses or real estate activities.

    Development Services

    By offering loans, guidance, and resources to small and emerging businesses, Bridge Investment is looking to create community impact, emphasize projects that are in highly distressed locations, have strong alignment with other community initiatives, create jobs, and provide critical services. We will work individually with each borrower to ensure that the loan product is aligned with your business needs.

    Service Area and Requirements

    While Bridge Investment is a national non-profit, it is a certified Community Development Financial Institution (CDFI) serving Investment Areas throughout Iowa and Illinois. Businesses located within Investment Areas are encouraged to apply. To qualify to be within an Investment Area, the business must be located within areas that have the following characteristics. A CDFI Investment Area is defined as a geographic unit such as a census tract, that meets at least one of the following criteria:

    • Has a population poverty rate of at least 20 percent; 
    • Has an unemployment rate 1.5 times the national average; 
    • For a metropolitan area has a median family income (MFI) at or below 80 percent of the greater of either the metropolitan or national metropolitan MFI; 
    • For a non-metropolitan area that has an MFI at or below 80 percent of the greater of either the statewide or national non-metropolitan MFI; 
    • Is wholly located within an Empowerment Zone or Enterprise Community; or 
    • Has a county population loss greater than or equal to 10 percent between the two most recent census periods for Metro areas or five percent over last five years for Non-Metro areas

    To learn more about your location in terms of Investment Area, and to apply, please email us.

    Downtown Rock Island
    Lawrence Lofts
    Shimer Square Campus
    Renaissance Lofts

    ABOUT

    Impact

    Bridge Investment works to advance job creation and economic guidance by providing community development financing to businesses and projects that matter. By offering loans, guidance, and resources, Bridge Investment works to empower entrepreneurs to be a catalyst for change in their communities.

    Since its inception over 5 years ago, Bridge Investment has been working to build up its capacity to make a difference in communities that need it most. Within five years, Bridge Investment has grown fro2m a non-profit with $100,000 in start-up funds to an organization that has originated over $2.5 million in loans to create and preserve affordable housing, jobs, and small businesses.

    A certified CDFI since 2017, Bridge Investment initial CDFI footprint expanded in 2020 from a 6-county area to statewide Investment Areas across Iowa and Illinois.

    Projects financed by Bridge Investment have strong community alignment with other initiatives that create jobs and generate additional private investment. This investment helps to strengthen economically disadvantaged communities. You can see our impact here.

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    Loans Made

    $ 0 ,000

    Loans Originated

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    Jobs Created & Retained

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    Construction Jobs Created

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    Rental Housing Units

    ABOUT

    Board of Directors

    Governing Board

    American Bank & Trust

    Jeff Rose

    Modern Woodmen of America

    Barrett Essman

    TBK Bank

    Justin Peterson

    BankORION

    Kevin Schoonmaker, Chair

    Quad City Bank & Trust

    Beth Dunn

    U.S. Bancorp Community Development Corporation

    Dan Blocher

    Bush Construction

    AJ Loss, Vice Chair

    Russell Construction

    John Daly

    Community State Bank

    Karen Reynolds

    Sauk Valley Bank

    Dirk Meminger, Secretary

    Development Association of Rock Island, Inc.

    Frank Nowinski

    SENB Bank

    Matt Wynn, Treasurer


    Loan Committee

    Kevin Schoonmaker

    Chair

    AJ Loss

    Vice Chair

    Matt Wynn

    Treasurer

    Dirk Meminger

    Secretary


    Advisory Board

    Loredia Dixon

    Open Door Program

    Denise Isaac

    Regions Bank

    Shelley Sheehy

    River Cities Development Services

    Char Flickinger

    Char Flickinger & Associates LLC

    Molly Newell

    EnviroNET

    Shelly Tucciarelli

    Turtle Clan Development Services

    Dan Hawkins

    Ward Murray Pace & Johnson

    Rick Seidler

    Central States Development Partners, CDE

    Our Partners

    Contributions

    The Business Valued Advisor Fund, LLC
    Baker Tilly
    Applegate Thorne Thomsen

    Contributions by Board of Directors

    American Bank & Trust
    BankORION
    Bush Construction
    Community State Bank
    DARI Rock Island
    Estes Construction
    Modern Woodmen of America
    Quad City Bank & Trust
    Sauk Valley Bank
    SENB Bank
    TBK Bank
    US Bank CDC

    Membership

    Opportunities Finance Network

    Management

    Bridge Investment has a management agreement with Economic Growth Corporation (GROWTH), an experienced national non-profit specializing in all aspects of community development. It is through this management agreement that GROWTH’s President/CEO, Chief Financial Officer, and Vice President devote time to support the organization and meet its strategic goals and business strategies. Through this management agreement, GROWTH provides financial services, administrative, operations, and strategic planning assistance.

    Annual Reports

    2019 Annual Report

    2018 Annual Report

    2017 Annual Report

    Ask A Question About Our Loans

    Have questions about our Loan Products? Schedule a 15 minute consultation with our loan officer today.

    Learn More About Financial Literacy/Training

    Have questions about our Financial Literacy & Training programs? Schedule a consultation with our loan officer today.

    Get Involved

    Join Bridge Investment and have a seat at the table to help change communities and make a difference for businesses.

    Contact Bridge Investment

    Frank Perez, Loan Officer

    Frank Perez joined Bridge Investment Community Development Corporation as Loan Officer on June 1, 2020. With over 20 years of lending experience, Frank is in charge of outreach and loan intake for Bridge Investment, helping to grow Bridge Investment’s loan portfolio by working with our existing borrowers and new businesses in Iowa and Illinois. He will also work to advance objectives within the 2020-2022 Strategic Plan in helping to increase Bridge Investment’s impact and help to establish a visible and independent market presence through various outreach activities.

    Frank Perez
    Bridge Investment Community Development

    Offering financial programs and services to help communities become more vibrant places to live. Bridge Investment aims to support business, stabilize neighborhoods, create jobs, and change communities.


    Address

    100 19th Street, Suite 108

    Rock Island, Illinois 61201

    Phone

    309-732-4024


    Bridge Investment Community Development Corporation is an equal opportunity provider. In accordance with federal law and U.S. Department of the Treasury policy, this institution is prohibited from discriminating on the basis of race, color, familial status, national origin, sex, age, or disability. To file a complaint of discrimination, write to Department of the Treasury, Office of Civil Rights and Diversity, 1500 Pennsylvania Ave. NW, Washington, D.C. 20220 or call (202) 622-1160.

    Equal Opportunity Lender

    © 2020 Bridge Investment Community Development