Illinois is now in Phase 5 / Restored, lifting capacity limitations and restrictions for businesses, schools, and recreation. But keep your mask handy; you may still be required to wear one.
Resources to help business owners and nonprofits:
The funding situation is constantly changing. The Illinois State Treasurer has published a COVID-19 Financial Tool Kit to help small businesses and nonprofits. To view it,
VISIT illinoistreasurer.gov
U.S. Congressman Brad Schneider's office keeps track of current funding options for businesses and nonprofits. For current options, read on and/or
VISIT schneider.house.gov/covid-19/help-small-business
The state Treasurer has partnered with approved financial institutions to provide loans—either lower rate loans or loans to a business or nonprofit that would not otherwise qualify—to Illinois small businesses impacted by the COVID-19 pandemic. Get info and apply:
VISIT illinoistreasurer.gov
The federal Paycheck Protection Program (PPP) ended May 31, 2021. Existing PPP borrowers may be eligible for PPP Loan Forgiveness. Learn more.
Lake County Partners hosted a webinar providing insights into the latest important information about the PPP program: View the presentation.
Small businesses, private nonprofits, or those who are self-employed and facing financial hardships related to the coronavirus pandemic can get help during this difficult time. Options include the Paycheck Protection Program (PPP), Economic Injury Disaster Loans (EIDL), SBA Express Bridge Loans, and SBA Debt Relief. Get more info/apply:
VISIT sba.gov/funding-programs/loans/coronavirus-relief-options
CALL 800-659-2955