Coronavirus Disease (COVID-19) Resources
To streamline information and help the community find what they are looking for, we have compiled some resources with websites and links. We will continue to gather data to assist you as it becomes available. Listed below are some that may be helpful:
SBA Loans Available
All Illinois small businesses (according to SBA’s size standards) and private non-profits can now apply for loans of up to $2 million through the U.S. Small Business Administration’s Economic Injury Disaster Loan Program. If your businesses have been affected by the coronavirus pandemic, this program offers working capital to meet needs including payroll, accounts payable, and fixed debt payments until the situation improves. Interest rates are 3.75% for small businesses and 2.75% for non-profits. Your businesses may apply now.
Find more information for small businesses affected by coronavirus at www.sba.gov/coronavirus. Subscribe to email updates from SBA at bit.ly/SubscribeIL to stay up to date on SBA news and events. SBA resource partners (Illinois Small Business Development Centers, WBDC, SCORE, Veterans Business Outreach Center) stand ready to help. Go to www.sba.gov/local-assistance to find a counselor or mentor.
You can also email Illinois.firstname.lastname@example.org or call (312) 353-4528 (Chicago office) or (217) 747-8249 (Springfield office) to talk to a Small Business Administration team member directly.
VITAL RESOURCES FOR ORGANIZATIONS & BUSINESSES (UPDATED)
Hospitality Emergency Grant Program
Illinois Small Business Emergency Loan Fund
Downstate Small Business Stabilization Program
Illinois COVID Response Fund (for nonprofit/community organizations serving vulnerable populations)
Small Business COVID-19 Relief Program (IL Treasurer)
Volunteer Opportunities (Serve Illinois)
Donation of Personal Protective Equipment (PPE) (Serve Illinois)
SBA Economic Injury Disaster Loans for Illinois Small Businesses
Has your business been impacted? (DCEO)
Workplace Safety & COVID-19 (OSHA)
Council for Development Finance Agencies Resources (CFDA)
Additional Documents and links
Arts for Illinois Relief Fund:
U.S. Dept. of Treasury re: payroll tax credits:
Downstate SBSC Guidebook
Downstate SBSC FAQ