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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…

PPP Funding Webinar for Businesses and Nonprofits

By patti@sbacil.org | January 10, 2021

PPP Funding Webinar for Businesses and Nonprofits SBAC President Elliot Richardson looks forward to participating in a webinar with Congressman Brad Schneider focused on PPP and EIDL funding opportunities for small businesses and nonprofits. Elliot will speak about opportunities and initiatives that can help the small business community recover from the pandemic. Congressman Schneider will have…

Minority Contracting Reform

By mrevis@sbacil.org | January 8, 2021

QUICK FACT SHEET RECOMMENDATION FOR LEGISLATION Illinois has failed many Black and/or African American owned businesses because they have been unable to procure their fair share of government contracts or receive a fair share of the revenue associated with government contracts. This proposed legislation makes the reforms necessary to ensure that Black and/or African American…

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