Illinois Policymakers Should Defer Sales Tax Payments For All Small Businesses The COVID-19 pandemic continues to have a devastating impact on individuals, families and communities. We are thankful to everyone on the front lines who is fighting against this terrible virus. The coronavirus is also causing tremendous financial stress for the small business community. Unless … more
The SBAC hosted our first Virtual Town Hall on Access to Capital. Given the continued effects of the COVID-19 virus, and the impact that it is having on the small business community, we feel that this information is critical to any business owners who are trying to figure out what to do. We had the … more
On March 17th, the Federal government announced the following: A 90-day extension for all tax payments due to the IRS for individuals owing $1 million or less and corporations owing $10 million or less. Interest and penalties will be waived as well. Taxpayers will be able to request a six-month deferral for payments due. The … more
SBA Disaster Loans Businesses in all Illinois counties can apply for the federal loans here: https://disasterloan.sba.gov/ela You will need to register an account, and then fill out the application.
