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Accessing and applying for financial resources, SBA Economic Injury Disaster Loans (EIDL), including Paycheck Protection Program (PPP) loans, and all types of SBA and non-SBA loan programs, or non-SBA grants

 

The Shuttered Venue Operators (SVO) Grant program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, signed into law on December 27, 2020. The program includes $15 billion in grants to shuttered venues, to be administered by the SBA’s Office of Disaster Assistance. Eligible applicants may qualify for SVO Grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. For additional details, visit the SBA website and view the Shuttered Venue Operators Grants Frequently Asked Questions (revised 02-12-21).

 

SBA's Shuttered Venue Operators DUNS and SAM.gov Registration Training Video (February 18, 2021):

 

The Biden administration just announced major changes to the Payroll Protection Program, aimed at extending aid to minority-owned businesses and to the nation’s smallest firms. Only businesses with fewer than 20 employees will be able to apply for PPP funds through March 9. The administration is also making other changes that could impact small business’ access to pandemic relief. Learn about these changes at the U.S. Chamber's next Small Business Update on Thursday, February 25:

 

Small Business Update Webinar 2/25: PPP for Small Businesses

Click Here for a list of Upcoming Live Events from CO— by U.S. Chamber of Commerce.

Visit this page to get the latest stories from CO— and click here for U.S. Chamber policy updates and guidance. A full suite of on-demand content from 2020 onward is available here.
 

 

Targeted EIDL Advance Low-Income Community Mapping Tool

Are you looking to determine if your business is in a low-income community and you’re potentially eligible for a Targeted EIDL Advance grant? A new mapping tool is available to help you determine if your business is in a low-income community, which is a requirement to qualify for a Targeted EIDL Advance. Check the tool to see if your business address meets the low-income community eligibility requirement before applying. The SBA is reaching out to potential applicants to determine eligibility, so no action is needed on your part until you receive an email from the SBA. Learn more here and visit the updated FAQs for more information.

 

A new coronavirus relief bill was passed by Congress and has been signed into law.  Here are the 15 Big Changes that will impact your small business.

Hot Topic Tuesday — Dates You Need to Know for PPP 3.0​​

7 Resources for PPP Loan Forgiveness Help

SBA and Treasury Announce PPP Re-Opening; Issue New Guidance

 

Congress has passed several changes to the Paycheck Protection Program (PPP) and created a new round of PPP funds. Additional changes were also made to Economic Injury Disaster Loans (EIDL Program), the Employee Retention Tax Credit, and SBA loan programs.  Please review the following informational guide created by the U.S. Chamber of Commerce for more information on the COVID-19 Relief Package legislation:

COVID-19 RELIEF PACKAGE

 

What does the new stimulus bill mean for your business?

More relief is on the way for small businesses across the country, now that the $900 billion stimulus package has been signed into law. Join U.S. Chamber Executive Vice President and Chief Policy Officer, Neil Bradley, and CO— Content Director, Jeanette Mulvey as they discuss the aid that's now available and what small businesses need to know:

 

Small Business Update 1/19/21: PPP and Stimulus Q&A

Small Business Update Webinar 1/5/21: More on PPP Loans and the Employee Retention Tax Credit

Small Business Update Webinar 12/22/20: The Latest Stimulus Details and Changes to PPP Loans

 

Click Here to View the Consolidated Appropriations Act, 2021 - H.R. 133

 


 

CO— by U.S. Chamber of Commerce

 

23 Frequently Asked PPP Loan Questions, Answered

How Coronavirus-Impacted Businesses Can Use the Employee Retention Tax Credit

Will You Owe Taxes on Your Paycheck Protection Loan?

How to Get Your PPP Loan Forgiven

How to Apply for a PPP Loan From a Nonbank Lender

 

 


 

 


 


All Events > America's SBDC Illinois Webinar: COVID-19 Financial Assistance for Illinois Small Businesses & Non-Profits

America's SBDC Illinois Webinar: COVID-19 Financial Assistance for Illinois Small Businesses & Non-Profits
With information rapidly changing, we are committed to providing accurate training, information sharing, and guidance on the different financial assistance options available to small businesses and non-profits in Illinois. This webinar, led by SBDC Director Don Elmore, will provide details about the financial options available, including eligibility requirements, what documents are necessary to apply, program terms, and more. The webinar will be approximately 20-30 minutes of presentation time followed by Q&A. Participants will be able to ask questions in the chat box, which will be addressed at the end of the presentation, moderated by a member of our team.
Date:Tuesday, January 26, 2021
Time:2:00 PM - 3:00 PM
Links:
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On Demand Videos


 


5 Things You Can Do to Get Your Business Ready for Financing in 2021
New PPP Loans and PPP Second Draw