The SBA has approved Illinois’ application for disaster assistance loans for small businesses. Eligible businesses can apply for up to $2 million in low-interest loan.
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Illinois small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. JB Pritzker on March 17, 2020.
Please click on the links below for specific information and to learn how you can apply for assistances. Please contact the chamber if you have any questions!