Cook County Access to Capital Program Goes Live

As of June 8th, 2020, Cook County will begin receiving application for their Community Recovery Fund which will provide zero-interest loans of up to $20,000 for small businesses and up to $10,000 for independent contractors. Applicants must be based in suburban Cook County. Additional eligibility requirements are listed below:

Small Businesses are eligible if they are:

  • Employing 25 or fewer employees,
  • Earning less than $3 million in annual revenue,
  • Located in suburban Cook County, and
  • Revenues have decreased more than 25% as a result of COVID-19

Independent Contractors are eligible if they are:

  • Making at least half of your yearly income in 1099 contract work
  • Earning less than $100,000 annually
  • Residing in suburban Cook County
  • Currently, not-for-profits are not eligible for this program

Documents required:

  • Bank statements from October 2019 to date of application
  • Copy of most recently filed Federal tax return
  • Copy of most recent annual financial statements (only required if small business)
  • Valid photo ID of independent contractor or business owner

Click here to apply.