Illinois Eligible for SBA Loans
As expected, the United States Small Business Administration (SBA) on March 19 approved Illinois Governor J.B. Pritzker’s application for small businesses and not-for-profits across our state to be declared eligible for low-interest Economic Injury Disaster Loan assistance of up to $2 million relating to financial damages caused to the Coronavirus (COVID-19) Pandemic.
Click HERE to view SBA press release covering all 102 counties in Illinois, along with counties within the states of Indiana, Kentucky, Missouri and Wisconsin.
Click HERE to view SBA Fact Sheet on loan application by the December 21, 2020, deadline.
Senator Durbin COVID-19 Update
Illinois U.S. Dick Durbin updated Chicagoland Commerce of Commerce members, including representatives of the Elmhurst Chamber of Commerce & Industry, on the federal legislative initiatives that are underway in an effort to provide financial assistance to the business community during a 30-munute webinar on March 19.
Click HERE to listen to “COVID-19: Update from U.S. Senator Dick Durbin” webinar.
Families First Response Act
Immediately following its passage by the U.S. Senate on March 18, U.S. President Donald J. Trump on March 18 signed in law the “Families First Coronavirus Response Act,” first enacted by the U.S. House of Representative, as the second of three major pieces of legislation designed to provide financial assistance to American workers and families.
Click HERE to read press release on the U.S. Chamber of Commerce in support of the bill.