Business Assistance

Financial Resources

Business Grants, Loans, Tax Relief

SBA Press Release
PPP Details - How to Apply

On Dec. 27 the new COVID-19 relief package was signed into law which will provide eligible small businesses a second round of Paycheck Protection Program (PPP) loans. The U.S. Small Business Administration in consultation with the U.S. Treasury Department has fully opened the PPP loan portal system to all participating PPP lenders to submit First and Second Draw loan applications to the SBA. This new round will be available through March 31, 2021.
Last Updated: Jan. 19, 2021

Small Business Guidance and Loan Resources

On Feb. 24 SBA will establish a 14-day exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees. This window will give lenders and community partners more time to work with the smallest businesses to submit their applications. Follow the link for more information on how the Biden Administration has taken steps to promote equitable access to SBA relief.
Last Updated: Feb. 22, 2021

SVO Program Details

The Shuttered Venue Operators (SVO) Grant program was established by The Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act, signed into law on Dec. 27, 2020. The SBA is not yet accepting applications, but will continue to issue guidance.
Last Updated: Jan. 19, 2021

Technical Assistance Webinars and Events

The First Stop Business Information Center on the DCEO's website, contains a list of upcoming webinars to assist small businesses. The webinars cover technical assistance and questions related to the PPP application, EIDL, upcoming EIDL Advance loan and SVO grant programs.
Last Updated: Jan. 27, 2021

Small Business Owner’s Guide to the CARES ActSmall Business Administration District Office

A Small Business Owner’s Guide to the CARES Act has been published to help businesses understand resources. For assistance with these programs, contact your banker or your local Small Business Administration District Office.
Last Updated: May 29, 2020

Restaurant Employee Relief Fund ApplicationAnother Round Another Rally
CORE Gives 
One Fair Wage Emergency Fund

The Illinois Restaurant Association Educational Foundation is providing one-time grants of $500 to support restaurant employees facing hardship due to COVID-19 through the Restaurant Employee Relief Fund. Hospitality workers can apply for a variety of relief grants through the links above.
Last Updated: Oct. 30, 2020

Back to Business Illinois

Back to Business is a free, voluntary service through the Illinois Department of Labor to connect small businesses with consultants who will help them evaluate and address workplace safety and health issues related to COVID-19. Businesses can complete a series of online modules, connect with a consultant in a one-hour confidential teleconference, and institute the safe practices. No fines or citations are associated with this program and it is designed entirely as a benefit for small businesses to continue to operate safely.
Last Updated: Oct. 14, 2020

Illinois Department of Revenue Internal Revenue Service

The Illinois Department of Revenue web page provides information and resources to help Illinois taxpayers, businesses, and others affected by COVID-19. Several programs are of interest to businesses including payment and penalty deferrals. The Internal Revenue Service web page provides information for businesses on COVID-19 tax relief, including filing and payment deadlines and two new employer tax credits.
Last Updated: Oct. 27, 2020

Coronavirus Relief OptionsDisaster Assistance Loan Webinar 

U.S. Small Business Administration (SBA) offers multiple funding options for businesses to apply for COVID-19 relief. All Illinois small businesses can apply for the Economic Injury Disaster Loan (EIDL) which will be available through Dec. 31, 2021. SBA has opened a Virtual Disaster Loan Outreach Center for loan application assistance. Email FOCE-Help@sba.gov and call 571-422-6016 or 470-363-6079. Contact the SBA Customer Service Center at 800-659-2955 or disastercustomerservice@sba.gov. Individuals who are deaf or hard-of-hearing may call 800-877-8339. For business assistance email Harriet Parker, Illinois Small Business Development Center Manager.
Last Updated: Jan. 19, 2021