Business Assistance

Financial Resources

Business Grants, Loans, Tax Relief

Business Interruption Grant (BIG) ApplicationEligibility GuidelinesIllinois Small Business Emergency Loan Fund

Through the Business Interruption Grant (BIG) program, the Illinois Department of Commerce and Economic Opportunity (DCEO) has issued grants to provide economic relief to small businesses to help offset COVID-19 related losses. The DCEO is accepting applications for the second round of the BIG program, which will provide relief for all types of businesses. Applications which come from regions on the mitigation list will receive priority consideration. As part of the BIG program, DCEO will be working with eligible business owners who received loans from the Illinois Small Business Emergency Loan Fund to provide loan forgiveness.  
Last Updated: Oct. 27, 2020

Business Grant Program - Round Two

Kane County is now accepting grant applications under Round 2 of its Coronavirus Relief Fund Business Grant Program. Eligible businesses may apply for up to $25,000 to cover certain operating expenses and costs associated with COVID-19. Businesses that applied under Round 1 are welcome to apply under Round 2. Free computer and scanning technology is available to businesses by appointment only at the Kane County Office of Community Reinvestment in Batavia. An application deadline has not been established, but awards must be issued before the end of 2020. Grant Hotline: 630-762-2084 or CRF2@co.kane.il.us.
Last Updated: Nov. 19, 2020

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

Lowe's-LISC Partnership Emergency Grant Application

Through a Lowe's partnership, the Local Initiatives Support Corporation (LISC) will provide $55 million in emergency grant assistance to small business owners affected by the COVID-19 pandemic. Assistance will focus on small businesses owned or led by minorities and women and enterprises in rural communities. Grants of $20,000 will be awarded for eligible expenses.
Last Updated: July 29, 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. The Economic Injury Disaster Loan (EIDL) application is now open. 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: Sept. 17, 2020