Low-interest loans are available to residents of the City of Rockford and Winnebago County whose properties were impacted by the recent flooding.
Under the Opportunity Illinois Disaster Loans program, the State Treasurer's Office provides low-interest bridge loans to residents of declared disaster areas who are waiting for insurance settlements or other aid programs to take effect.
To receive the low interest rate, residents may secure a loan up to the damage amount at a bank or financial institution which participates in the state's linked deposit program. The Opportunity Illinois loan application must be filed by the bank on the resident's behalf within 90 days of a local, state or federal official's natural disaster declaration.
For more information, call Opportunity Illinois at (217) 557-6436 or email email@example.com