Business program for veterans has immediate impact
12/10/2018, 9:46 p.m.
Plainfield - Illinois veterans are taking advantage of a program championed by State Senator Jennifer Bertino-Tarrant (D-Shorewood) to provide veterans with the tools to launch new businesses.
Due to a loan from the Illinois business program, Captain Jon Glass, an Army combat veteran paratrooper, recently purchased the iconic Glenwood Oaks restaurant in Glenwood.
“Veteran-owned businesses are important to our state’s economy,” Bertino-Tarrant said. “This new program will help our veterans get their businesses off the ground by equipping them with the tools to be successful.”
The Illinois veterans’ business loan program allows the Illinois Finance Authority to offer an increased number of low-interest loans to veterans to create new businesses.
“Our military veterans have worked hard to protect us,” Bertino-Tarrant said. “Now is the time for us to honor their sacrifices.”
Captain Glass is currently the head chef at the Glens restaurant in the northern suburbs. He is married with five children and is active in his church community.
Bertino-Tarrant’s Senate Bill 324 launched the program through the Illinois Finance Authority, which now allows veterans to apply for and receive business loans.
She worked on developing this loan program with Lynn Lowder, a former Marine officer and advocate for veterans becoming small-business owners. The program would be similar to agribusiness and farming programs administered by the state treasurer.
Bertino-Tarrant urges veterans to visit www.il-fa.com to learn more about this veteran loan program or contact her Plainfield office at (815) 254-4211 for more information.