COVID-19 Business Resources

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The U.S. Small Business Administration (SBA) is offering designated states and territories [Illinois is a designated state] low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). SBA Coronavirus Relief Options.

SBA’s Economic Injury Disaster Loan

Update April 30, 2020 - Funds for this program have been fully allocated; however, additional funding to replenish this program is currently being considered by Congress. 

Eligible small businesses may qualify for up to $2 million in low-interest disaster loans directly through the Small Business Administration. Interest rates will be 3.75% for small businesses and 2.75% for non-profit organizations, with a term length of up to 30 years. First time payments may be deferred up to 12 months. Loans over $25,000 will require collateral. Approximate time from application submittal to receipt of funds is 21-28 days.

Paycheck Protection Program 

Update May 14, 2020 - Funds for this program are still available. The Small Business Administration is now reaccepting PPP applications; however, the window for new applications is limited. Please contact your local lending institution for more information.

This program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses.

Small businesses and eligible nonprofit organizations, Veterans organizations, and Tribal businesses described in the Small Business Act, as well as individuals who are self-employed or are independent contractors, are eligible if they also meet program size standards.

Under this program:

  • Eligible recipients may qualify for a loan up to $10 million determined by 8 weeks of prior average payroll plus an additional 25% of that amount.
  • Loan payments will be deferred for six months.
  • If you maintain your workforce, SBA will forgive the portion of the loan proceeds that are used to cover the first 8 weeks of payroll and certain other expenses following loan origination.
  • Apply through your local lending institution. Find A Lender.
  • Paycheck Protection Program Webpage

Subsidy for Current Loan Payments

 The SBA will cover up to 6 months of principal and interest payments that are owed on most existing SBA loans. Learn more here.

For More Information on SBA Loan Programs:

SBA Coronavirus Relief Options (NOTE: Website is experiencing high traffic volumes – completing applications during off peak hours, 7pm-7am, may have best results). Google Chrome is the recommended internet browser.

Online webinars explaining the available SBA business assistance programs are available by registration: SBA Informational Webinars

Para obtener más información en español: clic aquí

Families First Coronavirus Response Act (FFCRA)

The U.S. Department of Labor’s Wage and Hour Division (WHD) announced more guidance to provide information to workers and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA). The act took effect on April 1st. FFCRA will provide businesses with fewer than 500 employees tax credits to provide employees with paid leave, either for the employee’s own health needs or to care for family members. The legislation will enable employers to keep their workers on their payrolls, while at the same time ensuring that workers are not forced to choose between their paychecks and the public health measures needed to combat the virus. Learn more here. 


The Illinois Department of Commerce and Economic Opportunity (DCEO) has additional loan programs available to small businesses.

Illinois Small Business Emergency Loan Fund

DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are establishing the Illinois Small Business Emergency Loan Fund to offer small businesses low interest loans of up to $50,000.

Businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 will be eligible to apply.  Successful applicants will owe nothing for six months and will then begin making fixed payments at a below market interest rate for the remainder of a five-year loan term.

Click For More Information on DCEO Loan Programs.

COVID-19 Resources for Latinx Small Business Owners (SPANISH)

El Departamento de Comercio y Oportunidad Económica (DCEO por sus siglas en inglés) tendrá un seminario web (webinar) para explicar los recursos disponibles para aquellos negocios pequeños impactados por el coronavirus. Antes del evento, usted recibirá un correo electrónico con los detalles para participar.

  • Martes, 28 de April de 2020 (Español) – Coanfitrión: Cámara de comercio hispana de Peoria (Illinois central enfocado), 1:00 p.m. – 2:00 p.m. (CDT), para registrarse hacer clic aquí
  • Jueves, 30 de April de 2020 (English) - En todo el estado con co-anfitrión: Cámara de Comercio Hispana de Illinois (Illinois Hispanic Chamber of Commerce), 2:00 p.m. - 3:00 p.m. (CDT), para registrarse hacer clic aquí

Taxpayer Relief

The Illinois Department of Revenue has made certain accommodations to assist businesses and individuals this time with certain tax circumstances. One program provides short-term relief for Penalties for Late Sales Tax Payments. Another initiative has extended the Income Tax Filling Deadline. Visit Illinois Department of Revenue Taxpayer Relief for more information.


(Updated April 15, 2020) Grant for Restaurant/Bar Employees - Samuel Adams

Full time restaurant or bar employees who are out of work due to the COVID-19 crisis may apply for grant funds through Samuel Adams and The Greg Hill Foundation. Funds are limits and expected to go quickly, so apply today!

COVID-19 Resources for Latinx Small Business Owners (SPANISH)

El Departamento de Comercio y Oportunidad Económica (DCEO por sus siglas en inglés) tendrá un seminario web (webinar) para explicar los recursos disponibles para aquellos negocios pequeños impactados por el coronavirus. Antes del evento, usted recibirá un correo electrónico con los detalles para participar.

 Martes, 5 de Mayo de 2020 (Español)

– Coanfitrión: Cuidad de Rockford (área de Rockford enfocado), 1:00 p.m. – 2:00 p.m. (CDT). Para registrarse haga clic aquí


Governor Pritzker recently issued an executive order requiring all non-essential businesses and operations to cease all activities except for minimum basic operations. Non-essential businesses may continue operations consisting exclusively of employees or contractors working from home. Click here to review the state of Illinois' answers to frequently asked questions regarding this order.  (UPDATED 4/9/2020).


The state of Illinois is accepting donations of personal protective equipment (PPE) to meet local needs and ensure safe care against COVID-19. Residents and companies looking to donate masks (N-95, ear loop, or surgical), gowns (isolation or non-descript), gloves (nitrile, sterile, or surgical) or eye protection (face shields and goggles) for first responders may reach out to to make arrangements. Please copy and on your correspondence. 

For a PowerPoint presentation on this information and more: Emergency Support for Small Business

*Please note that the Village does not administer these emergency grant programs and all inquiries should be directed to the entity from which the program originated

For COVID-19 updates, please see our dedicated COVID-19 information page which is updated daily.