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State of Illinois

Illinois Income Tax Extension: New deadline July 15, 2020

Illinois Sales Tax Deferral: No interest or penalties on payments due March, April, May

  • Bars & Restaurant: Less than $75,000 in sales tax in FY 2019

Illinois Department of Employment Securities

  • Unemployment Insurance Coverage

Illinois State Treasurer

Small Business Relief Program – Business Invest Program: IL State Treasurer partnership with approved financial institutions

Financial Institution Application

  • Up to $250M in deposits available to financial institutions throughout the state, at near-zero rates to assist small businesses and nonprofits

Illinois Department of Commerce and Economic Opportunity & Illinois Department of Financial and Professional Regulation

Illinois Small Business Emergency Loan Fund

IL Small Business Emergency Loan Fund | Application Friday, March 27

  • Eligibility: Businesses outside City of Chicago, fewer than 50 workers and less than $3M revenue in FY2019
  • Low interest up to $50,000
  • Owe nothing for six months, make fixed payments at below market interest rate for five-year loan term.

Illinois Department of Commerce and Economic Opportunity

Illinois Hospitality Emergency Grant Program

IL Hospitality Grant Application

  • Bars & restaurants | Less than $500,000 annual in FY2019 = up to $10,000
  • Bars & restaurants | Between $500,000 and $1M annual in FY2019 = up to $25,000
  • Hotels | Less than $8M annual = up to $50,000

Non-Profit Funding

  • GrantWatch.com: schools, artists, musicians, businesses

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