Resources Available to Assist Businesses During COVID- 19
Information on COVID-19 and available resources are changing daily; however, the following resources are available at the time of publication:
- Paycheck Protection Program (PPP) (federal program): Especially for small businesses, PPP includes $347 billion for the Small Business Administration to administer the Paycheck Protection Program, a forgivable loan for businesses, non-profits, farms, and 1099 workers impacted by the COVID-19 pandemic.
- Cook County Community Recovery Fund (county program): This loan fund offers one-time, zero-interest loans of up to $20,000 for small businesses and $10,000 for independent contractors in suburban Cook County. Loans will be administered by the Chicago Community Loan Fund and provided by a network of community lenders. Applications opened in mid-April on a first-come, first-serve basis.
- Chicago COVID-19 resources (Chicago program): Specifically for residents and businesses located in Chicago, these programs assist consumers and businesses.
- Small business loans (federal program): Specifically for small businesses, small business loans can assist these businesses with accessing federal resources, including access to capital.
Please note that this information is everchanging, so please visit the resource pages for the most up-to-date links and information.