The Small Business Administration (SBA) is offering the Economic Injury Disaster Loan (EDIL) to small businesses and nonprofit organizations that are suffering substantial economic injury as a result of COVID-19. These loans may be used for debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact, and that are not already covered by a Paycheck Protection Program loan.

The interest rate is 3.75% for small businesses and 2.75% for nonprofits. The first payment is deferred for one year. The deadline to apply has been extended to Dec. 31, 2021. The SBA has also extended deferment periods for all disaster loans (including EIDL) until 2022.

For more information and the application, visit the SBA website.

The Illinois Restaurant Association (IRA) will host a webinar titled "Boost Your Business: Marketing Tips from Google and Your Tourism and Beverage Brand Partners" at 10 a.m. Thursday, June 24.

Panelists from Google, Kimpton Gray Hotel and Southern Glazer’s Wine and Spirits of Illinois will join IRA staff to provide online and in-house ideas for leveraging tools and partners to market your business. Hear tips and ideas to use this summer to promote your business and drive traffic! Registration is required.

This webinar is provided in partnership with Cook County Board President Toni Preckwinkle and the Cook County Community Recovery Initiative.

The Village is planning a series of webinars in the coming months and would like your feedback on which topics would be the most helpful. Please take a few moments to fill out an short survey and let us know how we can best help your business!