Economic resources for Aurora businesses and employees affected by COVID-19
Information regularly updated to keep you up-to-date
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Financial Resources for Businesses
Economic Injury Disaster Loan Program
The U.S. SBA has issued financial guidance and assistance information for businesses and employees. Aurora businesses may be eligible to receive financial assistance through the SBA issued Economic Injury Disaster Loan (EIDL) Program which offers working capital loans up to $2 million at an interest rate of 3.75% * (2.75% for nonprofits). Email Illinois.email@example.com or call (312) 353-4528 (Chicago office) or (217) 747-8249 (Springfield office) to speak with a Small Business Administration team member directly.
Emergency Small Business Assistance
Illinois Small Business Emergency Loan Fund
DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are offering small businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 low interest loans up to $30,000. Businesses can begin applying for this loan on April 1st, 2020.
Hospitality Emergency Grant Program
Bars and restaurants with a valid license to serve food or liquor and who generated revenues of less than $1 million in 2019, along with Hotels with a valid license (hotels, motels other lodging establishments) and who generated revenues of less than $8 million in 2019, are eligible to receive working capital grant assistance.
Aplicacion y mas informacion esta disponible en – https://www.surveymonkey.com/r/IlgrantS
NEWS & UPDATES
STATE OF ILLINOIS
On March 20, 2020, Governor J.B. Pritzker announced Executive Order 20-10. This mandate requires all businesses and operations qualifying as Non-Essential to cease all activities except for minimum basic operations.