The COVID-19 pandemic has prompted significant policy changes at all levels. We're here to catch you up and support business in Lincoln Square and Ravenswood. Please see our COVID-19 Business Resources website for a comprehensive list of resources to aid your business during this time.
Chicago Small Business Resiliency Fund
We'd like to forward some information on
currently available loans and grants from local Alderman Matt Martin:
Chicago Small Business Resiliency Fund APPLICATION page has been revealed. We expect it to go live today. There are 2,000 available spots, so the application limit may be reached today as well.
This opportunity will be administered on a first come first serve basis, with additional considerations taken to make sure funds are dispersed in a geographically equal distribution across the city.
The last day to apply for the State's
Hospitality Emergency Grant (for bars, restaurants, and hotels) is tomorrow, April 1!
Click here for more information.
Lastly, Federal Economic Injury Disaster Loans and Loan Advance opened today. Small business owners are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA's Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.
The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid. You can find more information and apply here.
The following agencies have published questionnaires to solicit feedback from small business owners. Taking the time to respond will let them know where to focus their efforts when creating new policies for economic relief.