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Federal

IL Modified Stay At Home Order
Essential Businesses FAQ + Check List

IRS Filing Tax Extension: New deadline July 15, 2020

Business Assistance Reference Guide

U.S. Small Business Administration

Paycheck Protection Program: This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by coronavirus/COVID-19.

  • Helps businesses keep their workforce employed during crisis.
  • Portions of these loans will be forgiven to the extent that recipients maintain their existing workforce or rehire.
  • Loans can be up to $10 million and interest rates are maxed at 4% for portions of the loan that do not qualify for loan forgiveness.
  • Available through June 30, 2020
Paycheck Protection Program
Who Can Apply

To apply, you must work with your local lender.

Find Local Lender to Apply

SBA Economic Injury Disaster Loan & Grant Program: Businesses and nonprofits. Provides working capital loans of up to $2 million. Borrowers can request an emergency loan advance of up to $10,000 of economic relief. This loan advance will not have to be repaid.

Small businesses less than 500 employees, including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations are eligible.
Economic Injury Disaster Loan Programs

Disaster Loan Emergency Advance
Program FAQ

SBA Debt Relief Program: For those with current 7(a), 504 and microloans, SBA will automatically pay the principal, interest and fees for six months, as well as those issued prior to September 27, 2020.

Debt Relief Program

U.S Senate | CARES Act

Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now.

  • Small Business Details CARES Act
  • Tax Provisions in CARES Act
  • Distressed industries: Regarding Businesses, State and Municipalities
  • CARES Act Overview: US Chamber of Commerce
CARES Act Small Business Guide

Capital to cover the cost of retaining employees

Paycheck Protection Program

A quick infusion of a smaller amount of cash to cover you right now

Emergency Economic Injury Loan & Grant

Keeping up with payments on your current or potential SBA loan

Small Business Debt Relief Program

U.S. Department of Labor

Families First Coronavirus Response Act: Understand paid sick leave etc. Protections and relief offered by the Emergency Paid Sick Leave Act and Emergency Family and Medical Leave Expansion Act, both part of the Families First Coronavirus Response Act (FFCRA)

Employee Fact Sheet
Employer Fact Sheet
General FAQ

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