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,
U.S. Congressman Brad Schneider's office keeps track of current funding options for businesses and nonprofits. For current options, read on and/or
Grants of $5,000 to $150,000 are available to small businesses hit hardest by the COVID-19 pandemic. Grants can cover operational losses, staff and more.
Get application assistance:
The Charitable Trust helps small nonprofits with annual budgets of $1 million or less. Grant applicants located in an area where pervasive poverty, unemployment, or economic distress exist are given special attention. For the fall 2021 grant cycle, applications will be accepted through September 30 in three categories: food programs, housing programs, and workforce and economic development.
Applicants must complete the online application, including all requested documents and forms. Applicants without access to a computer or the internet should contact the State Treasurer’s office at (217) 836-4590.
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:
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: