***As of 3/30/2020: The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress***
Additional detailed information will be communicated in the days to come on the CARES Act. The federal agencies involved are working diligently to get program rules and processes in place to small businesses as soon as possible. However, it is premature to discuss program implementation specifics of the CARES Act because that work is still being done and program details may change. Our focus at the SBDC is providing our small businesses, lenders, and other small business stakeholders with information that reflects the actual program implementation of the legislation with associated rules and requirements.
The information our center has at this time (as of 3/30/2020) is as follows:
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The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now.
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When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers.
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You can view the CARES Act Guide to see information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
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Struggling to get started? The following questions might help point you in the right direction.
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Do you need:
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Capital to cover the cost of retaining employees?
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The Paycheck Protection Program starting on page 2 might be right for you.
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A quick infusion of a smaller amount of cash to cover you right now?
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Look into an Emergency Economic Injury Grant starting on page 7.
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To ease your fears about keeping up with payments on your current or potential SBA loan?
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The Small Business Debt Relief Program starting on page 6 could help.
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Quality, free counseling to help you navigate this uncertain economic time?
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Look into the resource partners in the Counseling and Training section on page 9.
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***As of 3/30/2020: The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress***
Additional detailed information will be communicated in the days to come on the CARES Act. The federal agencies involved are working diligently to get program rules and processes in place to small businesses as soon as possible. However, it is premature to discuss program implementation specifics of the CARES Act because that work is still being done and program details may change. Our focus at the SBDC is providing our small businesses, lenders, and other small business stakeholders with information that reflects the actual program implementation of the legislation with associated rules and requirements.
The information our center has at this time (as of 3/30/2020) is as follows:
-
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now.
-
When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers.
-
You can view the CARES Act Guide to see information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.
-
Struggling to get started? The following questions might help point you in the right direction.
-
Do you need:
-
Capital to cover the cost of retaining employees?
-
The Paycheck Protection Program starting on page 2 might be right for you.
-
-
A quick infusion of a smaller amount of cash to cover you right now?
-
Look into an Emergency Economic Injury Grant starting on page 7.
-
-
To ease your fears about keeping up with payments on your current or potential SBA loan?
-
The Small Business Debt Relief Program starting on page 6 could help.
-
-
Quality, free counseling to help you navigate this uncertain economic time?
-
Look into the resource partners in the Counseling and Training section on page 9.
-
-
***As of 3/30/2020: Illinois Department of Human Services is assessing the acute needs for PPE items ***
Direct from the Illinois Department of Human Services:
In order to understand the acute needs for Personal Protective Equipment (PPE) among community-based organizations across the state, please consider completing this short survey before April 1.
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The survey is designed to more precisely understand statewide PPE needs.
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Please note that completing the survey, unfortunately, is not a guarantee that you will receive the supplies, and it is not a purchasing order.
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As you fill out the survey, please give your best estimate of need over the next 30-90 days, accounting for both your organization’s staff and customer/client populations.
***As of 3/30/2020: Illinois Department of Human Services is assessing the acute needs for PPE items ***
Direct from the Illinois Department of Human Services:
In order to understand the acute needs for Personal Protective Equipment (PPE) among community-based organizations across the state, please consider completing this short survey before April 1.
-
The survey is designed to more precisely understand statewide PPE needs.
-
Please note that completing the survey, unfortunately, is not a guarantee that you will receive the supplies, and it is not a purchasing order.
-
As you fill out the survey, please give your best estimate of need over the next 30-90 days, accounting for both your organization’s staff and customer/client populations.
***As of 3/30/2020: Illinois Department of Human Services is assessing the acute needs for PPE items ***
Direct from the Illinois Department of Human Services:
In order to understand the acute needs for Personal Protective Equipment (PPE) among community-based organizations across the state, please consider completing this short survey before April 1.
-
The survey is designed to more precisely understand statewide PPE needs.
-
Please note that completing the survey, unfortunately, is not a guarantee that you will receive the supplies, and it is not a purchasing order.
-
As you fill out the survey, please give your best estimate of need over the next 30-90 days, accounting for both your organization’s staff and customer/client populations.
***As of 3/27/2020: Illinois DCEO is calling for your support in donations of PPE items***
Under the leadership of Erin Guthrie, Director, the Department of Commerce & Economic Opportunity (DCEO) recognizes the tremendous impact that the COVID-19 pandemic is having, not only on businesses, but our communities and families as well.
Not surprisingly, during this challenge Illinoisans are stepping up and pulling together. Many businesses and organizations have already reached out to DCEO to offer support, donations and assistance in any way they can. Their contributions are much appreciated by us all. For example, iBio.org a Chicago-based life sciences industry association, is coordinating efforts from among their membership to donate much-needed medical supplies vital for our Illinois communities.
We are asking for your support in providing our hospitals, Illinois doctors and first responders that are in desperate need of items. For donations of personal protective equipment, please email: PPE.donations@illinois.gov.
Here’s the list of items they are looking for:
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Ventilators – LTV1200 Vyaire/ReVel Carefusion or BiPAP v60 Phillips Respironics
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Masks: N-95, ear loop, or surgical
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Gowns: Isolation or non-descript
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Gloves: Nitrile, sterile, or surgical
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Eye Protection: Face shields and goggles
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Infection Control Kits
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Hand Sanitizer: Any size
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Disinfectant Wipes: Any size
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Thermometers: Forehead only
All donated items should be in the manufacture's original packaging and unopened. When emailing items available for donation to PPE.donations@illinois.gov it is essential to list the items’ current location and exact quantity in an “each” type standard as opposed to boxes/pallet, etc. We will then be in touch about the next logistical steps. Please note that if you have smaller quantities of these items, you may redirect or donate to your nearby police, fire, and ambulance services in order to minimize your travel and other logistical steps with your donation.
For non-PPE items, tangible or financial, please email: CEO.BusinessDonations@illinois.gov.
“Make”: Manufacturers who are ramping up or altering their operations to provide more essential items should contact the Illinois Manufacturers Association (IMA) at: https://ima-net.org/covid-19/supplies/
“Sell”: Wholesalers, suppliers, or manufacturers that already have items on hand to sell or will in the future, should contact: COVID.procurement@illinois.gov.
The following items are in greatest need:
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N-95 masks
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Gloves (non-powdered)
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Gowns (impermeable)
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Isolation gowns (all sizes)
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Surgical masks
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Regular masks, ear loop
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Procedure masks with face shields
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Goggles
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Face shields
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Sanitizing wipes
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Purple-top wipes
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Hand sanitizers
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Digital thermometers
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PAPR hoods
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Ventilators – LTV1200 Vyaire/ReVel Carefusion or BiPAP v60 Phillips Respironics
Illinois Small Business
Development Center of
McLean County at IWU
COVID-19 RESOURCES
Our center is OPEN, and providing support virtually!
SBA Opens a Direct Forgiveness Portal for Eligible PPP Borrowers
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The SBA is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans of $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.
The new forgiveness platform began accepting applications from borrowers on August 4th, 2021. Borrowers that need assistance or have questions should call (877) 552-2692, Monday – Friday, 7 a.m. - 7 p.m. CST.
PPP Direct Forgiveness Portal Training
Join the Illinois District Office for an overview of the PPP Direct Forgiveness Portal and get your questions answered about the process. Register now to reserve your spot!
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Friday, August 6th, 1:00 p.m. - 2:00 p.m.
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Tuesday, August 10th, 10:00 a.m. - 11:00 a.m.
More Resources
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Learn more about PPP forgiveness at www.sba.gov/pppforgiveness and view the PPP portal at directforgiveness.sba.gov.
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Your PPP lender must be participating in SBA's Direct Forgiveness Portal for you to use it. Check to see if your lender is on the list of participating lenders.
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View the Direct Forgiveness Portal User Guide as you navigate the process.
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Do you have questions? Refer to the knowledge base of frequently asked questions for borrowers and lenders.
Disaster Loans Available to Illinois Businesses Impacted by Flooding, Drought and Tornado
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Illinois businesses and residents affected by the tornado which occurred on June 21, 2021 may apply for low-interest disaster loans.
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Businesses and residents in DuPage County and the adjacent counties of Cook, Kane, Kendall, and Will in Illinois can apply for disaster loans.
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Applicants may apply online and should apply under SBA declaration #17037, not for the COVID-19 incident.
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The filing deadline to return applications for physical property damage is Sept. 14, 2021. The deadline to return economic injury applications is April 18, 2022.
Illinois businesses and residents affected by the flooding which occurred on June 25 to 27, 2021 can apply for low-interest disaster loans.
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The declaration covers McLean County and the adjacent counties of Champaign, DeWitt, Ford, Livingston, Logan, Piatt, Tazewell, and Woodford in Illinois.
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Applicants may apply online and should apply under SBA declaration #17052, not for the COVID-19 incident.
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The filing deadline to return applications for physical property damage is Sept. 24, 2021. The deadline to return economic injury applications is April 26, 2022.
Illinois small businesses, small agricultural, and cooperatives engaged in aquaculture, and private nonprofit organizations may apply for low-interest disaster loans as a result of drought that began on June 1, 2021.
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This declaration covers the counties of Winnebago County in Illinois and the contiguous Illinois counties of Boone, Dekalb, Ogle, and Stephenson; and Green and Rock in Wisconsin.
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Applicants may apply online and should apply under SBA declaration #17071, not for the COVID-19 incident.
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Loan applications to SBA are due no later than March 28, 2022.
Questions about applying for a disaster loan?
Disaster loan information and application forms may also be obtained by calling the SBA’s Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by emailing DisasterCustomerService@sba.gov.
If you are NOT currently a client, and wish to make an appointment, you MUST fill out the appointment request form and our advisor will contact you as soon as possible.
If you ARE a client, contact us via email and we will respond as soon as possible