Subject to appropriations from the Cannabis Business Development Fund (CBDF), DCEO established the Social Equity Loan Program for the purposes of providing financial assistance to social equity applicants. Through this loan program, DCEO is able to offer low-interest loans to qualified social equity applicants applying for available licenses.
Download the Social Equity Cannabis Loan
How to apply for a loan?
When a social equity applicant has been awarded a conditional license under the Cannabis Regulation & Tax Act (CRTA) to operate a cannabis business establishment, they are considered a “qualified social equity applicant.” Only qualified social equity applicants are eligible for social equity loans and grants from appropriations from the Cannabis Business Development Fund.
View the chart of eligible Cannabis Business Development Fund expenses.
Apply for the Social Equity Cannabis Loan Program.
Illinois Department of Agriculture (IDOA) licensees (Craft Growers, Infusers, Transporters) must submit their loan intake applications by Thursday, September 30, 2021.
Illinois Department of Finance and Professional Regulation (IDFPR) - Please note Adult Use Dispensing loan applications will only be accepted and reviewed after IDFPR is permitted by the court to issue pending licenses.