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, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
Byline Bank Recognizes Small Business Saturday with Small Business Advocacy Council Contribution
Byline Bank Recognizes Small Business Saturday with Small Business Advocacy Council Contribution CHICAGO, IL (November 2021) – This Small Business Saturday, November 27, Byline Bank, Illinois’ top Small Business Administration lender, is recognizing the work of the Small Business Advocacy Council (SBAC) of Illinois with a $5,000 sponsorship contribution. The SBAC is a nonpartisan member-driven…
Chicago businesses are feeling the effects of supply-chain slowdowns
“Small businesses are just having a tremendously difficult time getting the supplies that they need to run their business, and, of course, this is even more concerning with the holiday season approaching,” said Elliot Richardson, president of the Small Business Advocacy Council in Chicago. He said the supply-chain problems are impacting all kinds of retailers.…
IACCE Conversation with Speaker of the House, Chris Welch
The SBAC’s Elliot Richardson had the distinct pleasure of moderating the IACCE – Illinois Association of Chamber of Commerce Executives call with Emanuel Chris Welch and Office of State Representative Carol Ammons last Friday. Watch the entire conversation addressing issues such as Back to Business Grants Workforce Development Unemployment Trust Fund Child Care Tax Credit/Grant…
