Back to Business Grant Program
AUG 13th - The Illinois Department of Commerce and Economic Opportunity launched the Back to Business grant program for struggling small businesses on Wednesday. On August 12th, the SBAC participated in a joint Illinois Senate hearing to learn more about the program. We explained how important it is for the program to be transparent and promptly provide funds to as many small businesses as possible. We appreciated the opportunity to engage with Senators and DCEO on this crucial grant program.
Please visit DCEO’s website to learn more about the program. We are glad to answer questions as well. https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/B2B.aspx
The SBAC will be closely watching how the program is implemented.
Support Small Business and Prevent Foreclosures
The COVID-19 pandemic continues to have a devastating impact on the small business community. Many small businesses are struggling to pay their employees and rent. Commercial property owners cannot pay their mortgage when their small business tenants cannot pay rent. Without swift action, small businesses will fail and foreclosures will skyrocket. Federal Legislation Needed The…
SBAC’s Elliot Richardson on WGN Radio
SBAC’s Elliot Richardson talks with Anna Davlantes on WGN Radio about the impact the pandemic has had on the small business community. There has never been a more important time to stand with small business than right now! Listen to the whole 8-minute interview here: Listen to the Interview Here
Restart Act
THE RESTART ACT The RESTART Act provides a new loan program to fund six (6) months of payroll and fixed operating expenses. Some, or the entirety of the loan, is eligible for forgiveness. The amount that is not forgiven is to be repaid over seven years with favorable interest rates. The loan is 100% guaranteed…
