Business Start-Up Training program is designed to provide expert guidance, training, and support to minimize risk and maximize business launch success while providing access to an exclusive micro-loan fund post-completion for individuals who live in and start their businesses in designated communities primarily on the West Side of Chicago. Since its inception in 2012, this program has served more than 300 businesses.

Business Training cohorts are 4 to 10-week immersive business training programs comprised of specialized workshops, training, and resources facilitated in conjunction with the Illinois Small Business Development Center at West Side Forward as well as the Neighborhood Business Center.

This entrepreneurship training program is for serious entrepreneurs who:

• Have identified the area of business they want to pursue.
• Currently operate an informal business now seeking to become licensed and legally structured.
• Have been in business for less than five years seeking to expand or standardize their operations.
• Will commit to starting or expanding their business within 6 months of program completion.
• Will develop a plan to create new jobs in the community where their business is located.

This program is geared toward for-profit enterprises and entrepreneurs who want to start a new business, owners of informally run businesses who want to become licensed and legally structured, and owners of existing businesses less than five years old that want to expand or standardize their business operations. Entrepreneurs selected for these programs participate in a series of highly specialized sessions on business plans, marketing, financing, accounting, risk management, legal issues, and more, followed by a year of personal mentoring from a business leader. Qualified participants are also eligible for low-interest loans up to $10,000 for a start-up business and $30,000 for an existing business from CIBC Bank upon graduation.

Special consideration is given to applicants that reside or seek to operate their business on the West Side of Chicago, have businesses in the manufacturing industry.

Applications are accepted electronically only.

The application process includes:

• Signed release form for performing a credit check (soft pull)

• Copy of a valid driver’s license or state identification

• Proof of current address on ID or recent utility bill

• Introductory Business Case Video presentation

To enroll, applicants must meet a specific set of criteria. The criteria outlined below are the starting point for screening, but West Side Forward reserves the right to adjust these criteria as we determine the demand and capacity of the students to meet these criteria.

They are as follows:

• Applicants will designate in their application whether they are a start-up business (one year or less) or an emerging business (more than one year to 5 years old). Businesses that have been registered for more than 5 years old will not be eligible to participate
• Primary consideration will be given to applicants that intend to start or expand for-profit businesses, while secondary consideration will be reserved for entities that may operate on a not-for-profit model.
• Primary consideration will be given to Chicago west side residents that also have businesses or specific plans to locate their business office within the designated communities of Austin, Humboldt Park, West Garfield Park, East Garfield Park, North Lawndale, and South Lawndale.
• Home address and/or intended business location will be one of these ten zip codes: 60608, 60612, 60622, 60623, 60624, 60639, 60644, 60647, 60651, and 60707. Secondary consideration may be given to those from other nearby geographic locations or businesses that have the potential to positively impact a low to moderate-income community.
• Have a valid driver’s license or state identification
• Proof of current address of the above ID or recent utility bill

Selected applicants will be required to present their business idea in a series of presentations for our Make Your Case panels. During the presentation, you will be expected to present your business idea and make your case for why your business is viable or posed for growth, and explain how your participation in the class will help your business reach that next level.

• Attend and participate in 100% of class sessions
• Must present final business case presentation
• Submit final business plan within established guidelines with financial projections
• Meet with the instructor(s) at least three times for individual business counseling sessions within 90 days of enrollment.
• Upon successful completion of the program, students receive a certificate of completion
• Eligibility for CIBC ETP Loan Fund

• Eligible for consideration of low-interest loans up to $10,000 for a start-up business and $30,000 for an existing business from CIBC Bank.
• Personal mentoring from a business leader for 12 months.
• Become members of the alumni network entering into a larger entrepreneurial support network in addition to continual access to West Side Forward resources, workshops and Small Business Development Center guidance.