Business Resources

Business Interruption Grants

The state will launch the first round of Business Interruption Grants (BIG) by providing $60 million to businesses experiencing losses or business interruption as a result of COVID-19 related closures. Specifically, the program includes support for:

• Businesses in DIAs - $20 million for businesses that are located in a subset of DIAs that have recently experienced significant property damage, providing 1,000 grants of $20,000 each
• Bars and Restaurants - $20 million for bars and restaurants unable to offer outside service, providing 1,000 grants of up to $20,000
• Barbershops and Salons - $10 million for barbershops and salons, providing 1,000 grants of $10,000 each
• Gyms and Fitness Centers - $10 million for gyms and fitness centers that have lost significant revenue due to COVID-19, providing 500 grants of $20,000 each

WHEN TO APPLY: DCEO will make the application for BIG available on Tuesday, June 23rd.

For more information, please view https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/C19DisadvantagedBusGrants.aspx

US SMALL BUSINESS ADMINISTRATION

Disaster loan information at https://disasterloan.sba.gov/ela/Information/Index

Information for small businesses affected by coronavirus at www.sba.gov/coronavirus

All coronavirus-related federal government resources: www.usa.gov/coronavirus

Business owners can apply for a loan now at https://disasterloan.sba.gov/ela/

Other Resources: 

• SBA Disaster Loan Information 
• SBA Disaster Loan Process 
• SBA Loan Eligibility
• US Chamber Loan Checklist 
• Small Business Loans and Grants Checklist 
• Small Businesses can get COVID relief 
• SBA Disaster Assistance Response 
• SBA Loan Application 
  
  
  

STATE OF ILLINOIS

State Treasurer’s Office is launching in partnership with Illinois financial institutions to assist small businesses and non-profits impacted by the COVID-19 pandemic.

For background, here is a link to the Treasurer’s website that explains this program in greater detail: bit.ly/SmallBizRelief.

Other Resources:

• Bar & Rest State Q&A 
• State Treasurer Loan Program 
• State Treasurer News Release
• Three Step Process Disaster Loans 
• Emergency Loan Operations 
• Paid Leave Programs 
• Economic Injury Loans

The state of Illinois has created two additional programs to assist small businesses: the Hospitality Emergency Grant Program and the Illinois Small Business Emergency Loan Fund. Program information can be found at https://www2.illinois.gov/dceo/SmallBizAssistance/Pages/EmergencySBAIntiatives.aspx

ADDITIONAL RESOURCES

Choose DuPage has put together a list of DuPage Business Resources Related to Covid-19 https://choosedupage.com/dupage-business-resources-related-to-covid-19/

IL Small Business Development Center at College of DuPage https://www.cod.edu/business-development-center/sbdc/index.aspx

Yes Villa Park has a list of restaurants that are open for pick-up and delivery https://www.yesvillapark.com/