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.
SBAC 2023 Holiday Party
Did you miss it? We had a great time at George Street Pub for the SBAC’s annual Holiday party. Wow – what an incredible turnout – busting out the venue with almost 100 folks! Thank you for coming to celebrate the SBAC and its work in the Illinois communities. We are excited to watch 2024…
Embrace the Spirit of Giving: Shop Local This Holiday Season
The holiday season is upon us, and as we gear up for the festivities, there’s no better way to spread joy than by supporting small businesses in our community. Chicago, with its vibrant and diverse neighborhoods, is home to a plethora of unique local shops, each offering a special touch to your holiday shopping experience.…
Byline Bank – Insights
Byline Bank’s Insights We all need more “Insight” into what makes a business successful and how to get there. We are proud to highlight our partner, Byline Bank, and their professional insight into achieving financial success. Empowering Employees and Communities Through DEI: Five ways leaders can embolden DEI practices within their organizations Want to Make…
