The CTA Building Small Businesses Program offers free one-on-one help with prequalifying for loan packages and direct loan placement for small businesses.Photo – CTA Facebook
The Chicago Transit Authority (CTA) last week announced the launch of a program designed to increase small business participation in its large-scale construction projects by providing local entrepreneurs with financial guidance, support and resources to bid on city contracts.
For some small businesses, working on a large construction project requires resources that many firms don’t have, including cash flow that can enable them to purchase materials ahead of being reimbursed, access to loans and other forms of credit, insurance for larger jobs, and access to IT and administrative supports, CTA officials said in a press release.