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Agriculture

IVAC seminar highlights getting business capital

PERU — The Illinois Valley Area Chamber of Commerce and Economic Development (IVAC) will hold its Business Breakfast Seminar at 7:15 a.m. Wednesday, Oct. 11, at Mario’s Maples in Peru.áThe focus of the seminar will be “Accessing Capital for Your Business.”

The Upper Illinois River Valley Development Authority is a general development agency serving the counties of Bureau, Grundy, Kane, Kendall, Lake, LaSalle, Marshall, McHenry and Putnam. UIRVDA can issue bonds that can finance capital improvements and can reduce the rate of interest. Andrew Hamilton will introduce the new UIRVDA Enterprise Zone and provide updates on the bond financing markets.

USDA Rural Development forges partnerships with rural communities, funding projects that bring housing, community facilities, business guarantees, utilities and other services to rural America. USDA provides technical assistance and financial backing for rural businesses and cooperatives to create quality jobs in rural areas. Jeff DeSplinter from Illinois USDA will discuss the USDA Business and Industry Guaranteed Loan program and its advantages for small business owners and lenders.

DeSplinter is originally from Annawan, and is a graduate of Southern Illinois University with a bachelor’s degree in agribusiness economics and has been with USDA Rural Development (formerly Farmer’s Home Administration) since March of 1987. Currently, he administers the USDA Water and Waste and Community Facility programs in northeast Illinois and services the Business and Industry Guaranteed Loan portfolio in 27 counties in northern Illinois. He resides currently in Wyanet, is married with three children (one grown and married and two in high school) and actively participates in the family farming operation in Henry County near Atkinson.

Hamilton specializes in financial structuring and technical analysis on matters such as bond finance, tax credits, tax-exempt bonds, government grants, and related financial assistance. Hamilton has packaged more than $2,100,000 in financial capital since 1993. He currently operates eight regional bond authorities that cover more than 80 rural downstate Illinois counties. He was formerly in government financial management at the Illinois Commerce Department, a bank business lender, a mortgage lender and a city councilman in his hometown. He is a graduate of the Senior Executive Program at the University of Illinois in Urbana with a bachelor’s degree double major in economics and political science.

Hamilton can be reached at 217-899-7525 and andrewjhamilton@andrewjhamilton.com.

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