Mount Prospect project file
Make the business accessible
Plan compliant work first, then distinguish later federal tax recovery from upfront project financing and municipal navigation.
Before you spend: Have accessibility and tax professionals classify the work and preserve invoices; credits and deductions are later tax effects, not grants.
Assistance layers
Mechanisms worth sorting for this project
These are supported relationships, not eligibility decisions. The Workbench asks the facts that change whether a lead is current, conditional, specialized, or historical.
Sequence 1
Federal Disabled Access Credit
An eligible small business may claim a nonrefundable federal tax credit for qualifying access expenditures after the costs are incurred.
- Mechanism
- Tax credit
- What it does
- Recover value later
- Why it appears
- Qualifying access expenditures may generate a later nonrefundable federal tax credit.
- Administrator
- Internal Revenue Service
Before you spend: Have accessibility and tax professionals confirm eligible work and documentation before finalizing the project budget.
- Program lifecycle
- Current / rolling
- Visitor treatment
- Worth checking now
This current pathway still requires program-specific eligibility and sequence checks.
Sequence 2
Federal Architectural Barrier Removal Tax Deduction
A business may deduct qualifying architectural and transportation barrier-removal expenses on its federal income-tax return, subject to tax and accessibility rules.
- Mechanism
- Deduction
- What it does
- Recover value later
- Why it appears
- Qualifying barrier-removal expenditures may be deducted later on the business tax return.
- Administrator
- Internal Revenue Service
- Program lifecycle
- Current / rolling
- Visitor treatment
- Worth checking now
This current pathway still requires program-specific eligibility and sequence checks.
Sequence 3
SBA 7(a) Loan Program
Participating lenders make repayable business loans under SBA 7(a) rules; the federal guaranty protects the lender, not the borrower from repayment.
- Mechanism
- Loan
- What it does
- Finance the remaining cost
- Why it appears
- Repayable financing may cover eligible accessibility construction or equipment costs.
- Administrator
- U.S. Small Business Administration and participating lenders
- Program lifecycle
- Current / rolling
- Visitor treatment
- Worth checking now
This current pathway still requires program-specific eligibility and sequence checks.
SBA 7(a)/504 coordination policy effective July 4, 2026
Date or range2026-07-04
Only qualifying transactions completed under the policy and lender sequence may use coordinated limits; ordinary 7(a) underwriting still applies.
Date last verified
SBA 7(a)/504 coordination policy scheduled to expire August 1, 2027
Date or range2027-08-01
Transactions closing after this date require a fresh SBA policy review before coordinated limits are discussed.
Date last verified
Sequence 4
Mount Prospect Community and Economic Development
The Village is the first navigator for current local incentives, owner and permit sequencing, parcel-sensitive tools, and property-tax support.
- Mechanism
- Advising
- What it does
- Get free expertise
- Why it appears
- Village staff can route local permit, code, property, and advertised-incentive questions.
- Administrator
- Village of Mount Prospect
- Program lifecycle
- Current / rolling
- Visitor treatment
- Worth checking now
This current pathway still requires program-specific eligibility and sequence checks.