COVID-19 Resource Center
We are committed to bringing you the most up-to-date and relevant information regarding the COVID-19 Pandemic, and how to navigate the tough times that Illinois small businesses are facing. Below are a multitude of resources that we encourage you to look at.
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Congress Passes Legislation That Alters PPP
The Senate passed the Paycheck Protection Flexibility Act (PPFA) on June 3rd, 2020. This legislation amends the Paycheck Protection Program (PPP) by the following: The PPFA would change loan forgiveness criteria by requiring borrowers to use at least 60% of their PPP loan for payroll costs (salary, wages, benefits) and 40% for non-payroll related costs … more
Cook County Loan Program to go Live
On May 27, 2020, Cook County announced that its economic relief program would begin accepting applications in the same week. The program includes 0% interest loans up to a maximum of $20,000. In order to receive immediate notification when the application opens, one must complete the County's notification form. Cook County has also indicated that … more
SBAC Action Call: Contact Legislators to Pass Legislation That Encourages job Growth and Retraining to Support Small Businesses
The COVID-19 pandemic has damaged our economy and caused skyrocketing unemployment. Self-employed business owners, independent contractors, members of the gig economy, and employees in many industries have all been hit hard by the pandemic. This has put a tremendous burden on the small business community and those who have become unemployed. The SBAC has worked … more
Learn from experts and legislators about what you can do to help your business navigate this time of uncertainty
The COVID-19 pandemic is having a devastating impact on individuals, families, and communities. This pandemic is also creating financial hardship for small businesses. The SBAC is fighting to help small businesses stay afloat and retain their employees by helping the small business community navigate these difficult times. Please consider supporting the SBAC by making a contribution.