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PPP Deadline Extended To May 31st President Biden Signs PPP Extention Act Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications. Administrator Isabella Casillas Guzman,…

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PRESS RELEASE: BIG Legislation for Small Businesses BIG LEGISLATION FOR SMALL BUSINESSES March 25, 2021  FOR IMMEDIATE RELEASE  Contact: Elliot Richardson // 847-380-4900 // Elliot@sbacil.org Illinois small businesses are fighting to recover from the pandemic.  However, the Department of Commerce and Economic Opportunity reports that out of the 40,000 businesses that applied for a Business…

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Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts  Black And African American Owned Businesses Should Receive Their Fair Share Of State Contracts Illinois has failed many Black and African American owned small businesses because they have been unable to procure their fair share of state contracts or receive a…

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BIG Legislation for Small Businesses READ H.B 1860 HERE READ S.B 1982 HERE BIG LEGISLATION FOR SMALL BUSINESSES President Biden has signed The American Rescue Plan Act (H.R 1319) into law.  Accordingly, the State of Illinois is expected to receive $7.549 billion in funds to foster recovery from the COVID-19 pandemic. A robust coalition of small…

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Are You Prepared for a PPP Loan Audit? Are You Prepared for a PPP Loan Audit? Keeping records related to the PPP funding is two-pronged.  First, the organization had to submit the application and supporting records for the PPP application.  Second, records must be maintained to prove how those accepted funds were spent to sustain…

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Rebuilding Starts Now REGISTER Rebuilding Starts Now – Register Today! https://growthzonesitesprod.azureedge.net/wp-content/uploads/sites/1735/2021/02/Save-the-Date-RLB.mp4 Categories Action Calls Advocacy Events Information Member Benefits Member Relations Premier Advocates SBAC News Uncategorized Archives Archives Select Month April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 February 2020 January 2020 Please translate this page to the language of your…

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PANDEMIC MAKES STUDENT DEBT RELIEF CRUCIAL Pandemic Makes Student Debt Relief Crucial Over 45 million Americans collectively owe an approximate $1.6 trillion in student loans. This exorbitant debt stifles our economy and impedes the mobility of young Americans who thought going to college would provide financial security. The economic impact of the pandemic has put…

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Press Release – Chicago’s Cut Red Tape Agenda Chicago’s Cut Red Tape Agenda March 2, 2021 FOR IMMEDIATE RELEASE Contact: Elliot Richardson // 847-380-4900 // Elliot@sbacil.org Cutting unnecessary and burdensome red tape will help Chicago’s small and local businesses recover from the pandemic.  Much of this red tape should have been eliminated long ago.    The…

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