INB Invests $250k into Springfield Covid Recovery Small Business Loan Fund


INB as the most recent Justine Petersen banking partner to invest into the Springfield, IL Covid Recovery Small Business Loan Fund. INB is committed to serving both the City of Springfield as well as Central Illinois and the St. Louis area, operating 13 branches throughout its footprint.

INB’s $250k investment into the special-purpose vehicle (SPV) will advance the deployment of much needed small business funds to not only existing Springfield small businesses, but also start-ups, as the Springfield economy builds back after two years of pandemic challenges. Since launching in July of 2021, the fund has assisted over 60 Springfield small businesses and deployed over $800,000.

Justine Petersen Housing and Reinvestment Corporation (Justine PETERSEN) is a Missouri not-for-profit corporation. Its mission is to connect institutional resources with the needs of low-to moderate-income individuals and families, helping them to build assets and create enduring change - not just for each individual or family, but the community as a whole.