Chicago Market has secured an amazing location; now we need to FUND the project. Of the approximately $6+ million necessary to build and open Chicago Market, $1.8 million needs to come from Owner Loans. These loans come from Owners and help ensure the success of Chicago Market.
“The ONLY reason co-ops get off the ground in the first place is because the community rallies together to support them by becoming owners. And the only reason they get the financial backing they need from lenders is because the owners are able put their skin in the game and participate with an Owner Loan.” - Dana McKinney, Board member, lender, Owner #872
An Owner Loan is a loan of money from an individual Owner to Chicago Market, which will be repaid by the Co-op over time. Owner Loans are a common method by which co-ops raise money which keeps support for the business local and in the community. Owners choose their interest rate and term, and only Owners living in Illinois are eligible to loan. Some opportunity for out-of-state and non-Owner loans exist; ask for details.
Not yet an Owner but interested in investing in your community? Become an Owner today!
Chicago Market wants to change the way you shop for groceries. More than that, though, we want to change your relationship with food.
You deserve a new kind of grocery-shopping experience — one packed with local, organic foods and imbued with a sense of community. One in which you know who produces the food that feeds your family.
Chicago Market will be a community hub — a vibrant center of exceptional food, workshops, meetings, performances and more. And you, as a co-op stakeholder, will have a voice in all aspects of this community.Join Us