Posts by mrevis@sbacil.org
Business Interruption Insurance
Business Interruption Insurance WHAT IS BUSINESS INTERUPTION INSURANCE? The COVID-19 pandemic has had a devastating impact on individuals, families and communities. The pandemic is also causing tremendous financial hardship on small and local businesses. Typically, businesses will carry business interruption insurance to cover for potential extended closures caused by extraordinary circumstances. Competent business owners have…
Read MoreLegislation to Help Black Owned Businesses Receive a Fair Share of State Contracts
Legislation to Help Black Owned Businesses Receive a Fair Share of State Contracts READ H.B 2629 HERE TAKE ACTION Black Owned Businesses Deserve Access to Government Contracts Illinois has failed Black and African American owned businesses by failing to provide them access to state contracts. For too long, they have been denied a fair share…
Read MoreMain Street Lending Proposal
Main Street Lending Proposal SUMMARY The Federal Reserve established the Main Street Lending Program (the “Program”) to help aid small and medium-sized for-profit businesses and nonprofit organizations who were in sound financial condition before the onset of the COVID-19 pandemic and who were unable to get aid under any of the other COVID-19 related…
Read MorePPP Funding for Businesses and Non-Profits Webinar
PPP Funding for Businesses and Non-Profits Webinar WATCH: Congressman Brad Schneider from Illinois’ 10th district, Bo Steiner from the Small Business Administration, and Elliot Richardson President of the SBAC spend one hour answering questions about the second round of PPP relief. The SBAC is grateful to have had the chance to participate in this webinar…
Read MoreHome Based Businesses
Home Based Businesses Jumpstarting Chicago’s Economic Recovery The city of Chicago is facing unprecedented public health and economic challenges resulting from COVID-19. By executive order, by choice, or by necessity, many Chicagoans are starting and operating businesses from home during the pandemic. However, Chicago’s regulations make the home occupation license too complicated and too restrictive…
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