Business Grants, Loans, Tax Relief
|B2B Portal||Requirements||Technical Assistance Event|
Illinois small businesses may apply for COVID-19 recovery assistance through the new Back to Business (B2B) grant program. The program is open to many types of businesses, however priority will be given to hard-hit industries such as restaurants and taverns, hotels, and arts businesses and organizations; and businesses who have yet to qualify for state funding or federal assistance. Applications will be accepted and grants will be awarded on a rolling basis through October 13. Webinar dates and technical assistance contacts are posted on the grant program web page. A grant technical assistance event is taking place on Sept. 28 in West Dundee.
Last Updated: Sept. 20, 2021
|SBA Direct Forgiveness Portal|
Borrowers with Paycheck Protection Programs loans of $150,000 or less are now allowed to apply for forgiveness directly through the US Small Business Administration's new streamlined application portal. Lenders are required to opt-in to this program.
Last Updated: Aug. 12, 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 grant program applications.
Last Updated: April 16, 2021
|Small Business Owner’s Guide to the CARES Act||Small 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
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 website provides information and resources to help taxpayers, businesses, and others affected by COVID-19. 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: March 19, 2021
|Coronavirus Relief Options||Disaster Assistance Loan Webinar|
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) available through Dec. 31, 2021. For loans approved April 6 and later, the maximum loan amount has been increased to $500,000. Deferment periods have been extended for all disaster loans until 2022. 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 firstname.lastname@example.org. 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: April 16, 2021