SBAC News

SBAC Action Alert: Ask Illinois Policymakers To Defer Sales Tax Payments

Illinois Policymakers Should Defer Sales Tax Payments For All Small Businesses The COVID-19 pandemic continues to have a devastating impact on individuals, families and communities.  We are thankful to everyone on the front lines who is fighting against this terrible virus.  The coronavirus is also causing tremendous financial stress for the small business community.  Unless … more

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SBAC Access to Capital Virtual Town Hall

The SBAC hosted our first Virtual Town Hall on Access to Capital. Given the continued effects of the COVID-19 virus, and the impact that it is having on the small business community, we feel that this information is critical to any business owners who are trying to figure out what to do. We had the … more

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Changes to Income Tax Filing Laws

On March 17th, the Federal government announced the following: A 90-day extension for all tax payments due to the IRS for individuals owing $1 million or less and corporations owing $10 million or less. Interest and penalties will be waived as well. Taxpayers will be able to request a six-month deferral for payments due. The … more

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SBA Disaster Loans available in all counties

SBA Disaster Loans Businesses in all Illinois counties can apply for the federal loans here:  https://disasterloan.sba.gov/ela You will need to register an account, and then fill out the application.  

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Illinois Unemployment Insurance Update

Illinois Unemployment Insurance Update   The Illinois Department of Employment Security (IDES) put into place emergency rules to help workers impacted by the coronavirus shutdowns.  Here are the significant emergency rules that may apply to your employees:   An employee who is temporarily laid off because their place of work closed due to the coronavirus … more

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COVID-19 Announcement

Dear SBAC Members and Supporters, Over the past week, SBAC leadership has been meeting to discuss the Coronavirus (COVOID-19) and how our organization can help the small business community and society during this uncertain time.  The situation is evolving quickly.  Health and safety must come before anything else.  We also know that COVOID-19 will have … more

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New and Improved: SBAC’s UPS Program

Do you have shipping costs that you’d like to see reduced? The SBAC and longtime supporter UPS have completely reinvented our affinity program to offer even steeper discounts to members who ship. Check out the new rates and contact programs@sbacil.org for more information about getting enrolled today!  

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Coffee Break with Manny Flores, President and CEO of SomerCor

SBAC Premier Advocate and Board Member, Manny Flores, was featured in the Daily Herald Business Ledger this month highlighting SomerCor, trends in the industry, and a little bit about Manny himself. SomerCor is a nonprofit, small business lender certified by the Small Business Administration. They specialize in the SBA 504 loan, which allows businesses looking to … more

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Join Senator Villivalam, Representative Gong-Gershowitz and Small Business Advocates for The Introduction of Small Business Empowering Legislation

Senator Ram Villivalam and Representative Gong-Gershowitz will unveil legislation reinstating an extremely effective tax credit for small businesses. While politicians often overlook the small business community, Senator Villivalam and Representative Gong-Gershowtiz are putting it front and center with legislation providing businesses with under 50 employees a $5,000.00 tax credit for creating new, full-time jobs. These … more

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Congratulations to MXOtech, a SBAC Premier Advocate

A long standing supporter of the SBAC, Premier Advocate, and innovative IT MSP in Chicago, MXOtech has been announced as an Inaugural Peer of the Year by ChannelPro Network. Check out the article here and special congratulations to Joanna Sobran, and the rest of the team at MXOtech!

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