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Mayor Emanuel Announces 250th Business Is Awarded Microloan Through Chicago’s Microlending Initiative

Neighborhood Small Businesses Have Received Support for Nearly 1,000 Jobs Since 2012
CHICAGO—(ENEWSPF)—April 25, 2016.  Mayor Rahm Emanuel yesterday announced the latest milestone from the Chicago Microlending Institute (CMI), the city’s first-in-the-nation initiative to support small businesses that would otherwise have difficulty accessing necessary capital. The program just disbursed its 250th loan and has helped create or preserve nearly 1,000 jobs to date.

“This great milestone in our microloan program proves the power of these small loans to make big dreams a reality in Chicago,” Mayor Emanuel said. “While today we are . . .

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