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New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees

By patti@sbacil.org | February 25, 2021

New PPP Rules for Sole Proprietors and Businesses with 20 or fewer Employees From February 24th to March 9th, the Small Business Administration will accept applications for PPP loans for sole proprietors and businesses with fewer than 20 employees. The move is meant to make it easier for businesses with few or no employees –…

ACTION CALL! Legislation To Get People Back To Work

By mrevis@sbacil.org | February 19, 2021

Legislation To Get People Back To Work State Representative Gong-Gershowitz has filed the RISE Act.  This legislation will get people back to work and support small businesses.  The RISE Act (House Bill 0801) creates a tax incentive for businesses that retrain and hire employees who have lost their jobs or businesses because of the pandemic.…

Business Interruption Grant Program

By mrevis@sbacil.org | February 15, 2021

IL – Many small and local businesses were devastated by the pandemic but only 20% of applicants received Illinois Business Interruption Grants.  Watch coverage of SBAC President Elliot Richardson testifying before the Illinois Senate Commerce Commission about the need for an improved and more inclusive process in the future.   Please translate this page to…

Summarization of EEOC Vaccine Guidelines

By patti@sbacil.org | January 29, 2021

December 16th – The Equal Employment Opportunity Commission (EEOC) has addressed the most common employer questions regarding the COVID-19 vaccine. As of now, there are currently no state or federal laws that prohibit employers from requiring vaccinations as a condition of employment, however, employees can refuse to get the vaccine if they have certain medical…

Rebuilding Lives and Businesses

By patti@sbacil.org | January 26, 2021

Hard-working Americans had no idea what was coming in February of 2020.  It seemed unfathomable that many small businesses would face the possibility of permanently closing or their employees would be without jobs in the spring.   With the resurgence of Covid-19 cases, the situation for both small businesses and their employees has become even…

Ordinance Makes It Easier for Entrepreneurs to Operate Home-Based Businesses in Chicago

By patti@sbacil.org | January 24, 2021

The pandemic has cost Chicagoans jobs and recently unemployed individuals may explore starting their own business. However, these budding entrepreneurs may not have the funds to rent space. Indeed, even more established entrepreneurs may need to consider moving their businesses into a residence for the time being given the economic impact of the pandemic. This is…

Crucial Legislation Filed to Get People Back to Work

By mrevis@sbacil.org | January 22, 2021

RISE Action Call – SIGN HERE PRESS RELEASE: CHICAGO, ILLINOIS, UNITED STATES, February 22, 2021 /EINPresswire.com/ — Representative Jennifer Gong-Gershowitz has filed the RISE Act in the General Assembly.  The Small Business Advocacy Council (SBAC) urges legislators to pass the RISE Act (Recovery Initiative to Support Employment) to get people back to work and support…

Business Interruption Insurance

By mrevis@sbacil.org | January 21, 2021

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 done their due…

SBAC PPP Townhall

By patti@sbacil.org | January 15, 2021

Wondering what the new PPP stimulus entails and if you can apply? Does it include 501c6s? How is EIDL factored into the PPP this round? This SBAC Townhall answers these questions and more. Click on the youtube timestamp in the description below for a direct link to the answer to the question.   Please translate…

SBA Press Release: PPP

By patti@sbacil.org | January 11, 2021

The Small Business Association and Treasury have provided important information about the next round of PPP loans.    More information from the SBA about the second round of PPP is here.     Please translate this page to the language of your choice. Supporters Fifth Third Bank Saul Ewing Arnstein Lehr Inland Bank Ntiva UPS…

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