Resources to help business owners and nonprofits operate at this time:
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,
U.S. Congressman Brad Schneider's office keeps track of current funding options for businesses and nonprofits. For current options, read on and/or
The Department of Commerce and Economic Opportunity (DCEO) announced the launch of its first round of Business Interruption Grants (BIG), which will provide $60 million to businesses experiencing losses or business interruption as a result of closures related to the COVID-19 pandemic.
Round 2 is under way.
VISIT illinois.gov/dceo for application requirements & information
The state Treasurer has partnered with approved financial institutions to provide loans—either lower rate loans or loans to a business or non-profit that would not otherwise qualify—to Illinois small businesses impacted by the COVID-19 pandemic. Get info and apply:
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: