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.
Funding For Local Chambers of Commerce
HB4993 -> 1 Pager & Endorsements Chamber Relief Grant Program Local chambers of commerce provide important support and services to small businesses. They connect small businesses to potential customers and play a pivotal role in fostering commerce in local communities. However, many chambers have been devastated by the pandemic. For that reason, we are asking…
Occupational Licensing Reform
Occupational Licensing Reform Occupational licenses are often necessary to protect the safety, health, and welfare of the public. However, when these licenses are revisited by legislators, it is important they have accurate and unbiased information before determining whether and how to maintain such a license. Regulatory Sunset Review – HB5576 This legislation amends the Regulatory…
Illinois policymakers need to allocate rescue plan grants to help struggling businesses.
The SBAC is advocating to ensure struggling and qualified businesses across Illinois have access to Back to Business grants. This means making sure the grant program is adequately funded. Read Elliot’s article in The State Journal-Register here. Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr…
