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L-R Chicago Mayor Rahm Emanuel and Tsadakeeyah Emmanuel, owner of Majani Catering, 7167 S. Exchange Ave., pose before engaging in a roundtable discussion about Chicago’s expanding Small Business Opportunity Center Program (SBOCP).

L-R Chicago Mayor Rahm Emanuel and Tsadakeeyah Emmanuel, owner of Majani Catering, 7167 S. Exchange Ave., pose before engaging in a roundtable discussion about Chicago’s expanding Small Business Opportunity Center Program (SBOCP).

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Chicago Expands Small Business Financing Program

Chicago Mayor Rahm Emanuel is expanding the city's Small Business Opportunity Center Program (SBOCP), a comprehensive financial service initiative for small businesses, via new centers that will be located throughout the city. The centers will maintain a $5 million budget designated for small business loans, with authorization to loan out up to $250,000 each.