Financial Assistance

If you need assistance email us to make a virtual appointment at helpdesk@rpba.org or call us at 773-508-5885.

Loans

Federal
  • Civil Unrest Disaster Loans Available for Businesses and Residents: This program is open to those in Cook, DuPage, Kane, Lake, McHenry, and Will counties in Illinois that were impacted by the civil unrest on May 26th through June 8, 2020. Individuals/Business Owners can apply for low-interest loans through the SBA. There are two deadlines: filing deadline for physical property damage is August 24, 2020 and the deadline for economic injury applications is March 23, 2021. Apply here.
  • Economic Injury Disaster Loan (EIDL) and Loan Advance: The Small Business Administration (SBA) has re-opened applications to ALL qualifying small businesses. Find the application and further information here. Applicants who submitted their applications previously continue to be processed. Information here. Disaster Customer Service Center at (800) 659-2955 is the primary point of contact for EIDL inquiries.
  • Employee Retention Credit: The Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19. Information here.
  • Express Bridge Loan Pilot Program: The SBA Express lenders provide expedited financing to small businesses located in declared disaster areas. Express Bridge loans are intended to be interim loans. Businesses use these funds for disaster-related purposes while they apply for and await long-term financing. Information here.
  • Paycheck Protection Program (PPP): As of 7/04/2020, the U.S. Small Business Administration (SBA) PPP loan program’s application deadline has been extended to 8/8/2020. The loan fund still has more than $100 billion available. Contact your bank, a Community Development Financial Institution (CDFI), Credit Union or participating Fintech (PayPal, Kabbage, Quickbook, Square, etc.) to apply. The SBA has launched a new Lender Match tool to assist you in finding a lender. here.
    ○  
    The PPP Loan Forgiveness Process has changed substantially with the passage of the Paycheck
    Protection Flexibility Act (PPFA) by Congress as of 6/4/2020.
    ○  PPP information will be updated regularly.
State
  • Illinois Small Business COVID-19 Relief Program: The State of Illinois Treasurer is offering loans to small businesses through banks. Banks participating in this program are listed here.

Grants

State
  • Child Care Restoration Grants (CCRG): The Governor and the Illinois General Assembly has directed at least $270 million to support the economic health of child care providers. CCRG is specifically designed to support licensed, registered child care businesses who endure lost revenue due to the COVID-19 public health emergency. CCRG will be administered by the Illinois Network of Child Care Resource & Referral Agencies (INCCRRA). Applications are scheduled to open on 7/20/2020 and will close on 8/7/2020. Information is here.
Corporations/Nonprofits
  • Business For All Grant: Apply for grants up to $50,000 to support business growth, including $10,000 emergency COVID-19 Business for All Grants to help small businesses in crisis. Applications are due September 25 at 12 a.m. PT. Application here.
  • DishRoulette Kitchen 2 Kitchen Grant: $500 grant for minority-owned restaurants in the Chicagoland area. For more information visit here. Applications can be made in English or Spanish. Open to undocumented business owners. Rounds close at the end of each month at 11:59 p.m. CST with awardees announced shortly after. If you are not selected for the grant, then your application is automatically rolled over for the next month of grant funding.
  • DoStuff Amplification Project: Do312 is offering $1 million in free advertising for entertainers and small businesses for 400-500 businesses. The grants are meant to help people and small businesses who are doing something creative to make it through the pandemic, like bartenders who have created delivery services, artists hosting shows online and restaurants selling groceries to make ends meet. Information here.
  • Hello Alice Business Grant: $10,000 emergency grants for small businesses, specifically for Hispanic business owners impacted by COVID-19. Information here and here. Apply here.
  • Hispanics in Philanthropy Essential Fund: This Essential Fund supports Latino-led and Latino-serving organizations with close ties to the Latinx community in their efforts to provide much-needed COVID-19 relief and recovery efforts, including resourcing communities with cash, food, and rental assistance, PPE and cleaning/disinfectant supply kits, child care, critical information and other resources needed to help our country flatten the curve, as well as provide workers with the tools and leadership needed to continue providing essential services for our country. Learn more here.
  • Local Initiatives Support Corporation: Created the Rapid Relief & Resiliency Fund. LISC is one of the country’s largest social enterprises supporting projects and programs to revitalize communities and bring greater economic opportunity to residents.
    ○  Small Business Relief Grant: LISC is pleased to announce Small Business Relief Grants which are part of LISC’s Rapid Relief & Recovery Fund programs to help businesses with immediate financial impact due to the pandemic. Register for updates and review LISC’s Grant Information Overview and FAQ, which can be found here.
    ○  Small Business Rescue Fund: LISC in partnership with State Farm will provide low-interest loans from $75,000 to $500,000 to minority- and women-owned businesses and nonprofits in vulnerable communities. Learn more here.
    ○  Verizon Small Business Recovery Fund: LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of Covid-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities that don’t have access to flexible, affordable capital. Register to receive email updates on the program here.
  • The HartBeat of Main Street Grant Program: This initiative was created by The Hartford Small Business Insurance and Main Street America and is designed to support brick-and-mortar businesses as they enter the next phases of reopening across the country, while also helping to revitalize and strengthen older and historic Main Street and commercial districts. The program will fund solutions that help small businesses respond and adapt to the pandemic. Applicants may apply for any amount between $5,000 and $15,000 USD. Final awards will be determined on a case by case basis. The deadline is August 23, 2020. Learn more here.
  • The Red Backpack Fund: The Spanx by Sara Blakely Foundation has partnered with GlobalGiving to launch The Red Backpack Fund. GlobalGiving will award at least 1K emergency assistance grants of $5,000 to female entrepreneurs in the U.S. to help alleviate immediate needs and support the long-term recovery of those impacted by this crisis. Majority women-owned businesses and nonprofits with annual revenues less than $5M, at least one additional paid employee, and fewer than 50 individuals on staff. The additional application round is expected to be open from August 3 – 10. Information here.

CLOSED

  • Arts for Illinois Relief Fund: This grant program will provide financial assistance to artists, artisans and cultural organizations impacted by COVID-19. The second phase of applications for both individual artists and arts and culture organizations is opened from May 4th through May 11th. Apply here.
  • Bartender Emergency Assistance Program here.
  • Business Interruption Grant Program (BIG):  The Illinois Department of Commerce and Economic Opportunity (DCEO) is launching the first round of BIG grants to businesses experiencing losses or interruption as a result of COVID-19 related closures. In the first wave of grants, priority will be given to small businesses that have been heavily restricted or completely shut down during the pandemic. Additional priority will be given to businesses located in disproportionately impacted areas (DIAs) or low-income areas that have had high rates of COVID-19 cases. Grantees will be selected by lottery. Information here. Applications accepted beginning June 26, 2020. Deadline for application is July 7, 2020 at 5 p.m.
  • Chicago Microbusiness Recovery Grant Program: Funded by the City of Chicago, this program will provide grants of $5,000 to eligible businesses for use as working capital. Applications will be accepted for a period of one week following the opening of the application period and will be selected through a lottery. The application process opens on April 28th and ends on May 4th. More information here.
  • Chicago Small Business Resiliency Fund: The City of Chicago has established the $100 million Chicago Small Business Resiliency Fund (the Resiliency Fund), which will provide small businesses and non-profits with emergency cash flow during this health crisis. Funds will be provided to eligible businesses as low-interest loans. Applications open March 31st. Apply here. Deadline April 24th.
  • Facebook Small Business Grants Program: Information here. The application deadline for Chicago businesses is 5/1/2020.FedEx #SupportSmall Grants: Applications opened on 5/25/20 and will close on 6/12/2020.Each grant recipient will receive $5,000, plus a $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more. See Terms and Conditions for full details. Information here.
  • LISC, Small Business Recovery FundLISC has partnered with Sam’s Club and Verizon to provide small business grants of up to $10,000 to fill gaps in revenue. Apply here. Applications must be submitted by Tuesday, April 28 at 11:59 p.m. EST.
  • My Block, My Hood, My City Grant: Funding available to support ongoing operations and/or inventory replenishment for small businesses located in the City of Chicago. Applicants must be a for-profit business; employ 20 or fewer staff at full operation; document 2019 annual revenues of more than $0 but less than $2 million. Maximum grant amount is $7,500. Application is available here.
  • Restaurant Employee Relief Fund: Due to an overwhelming response of 60,000 applicants to date, the Fund is not currently accepting new applications. For updates about the Fund, please re-visit rerf.us and follow them on their TwitterFacebook, and Instagram social channels.
  • Special Service Areas (SSAs) Rebate Programs: The economic impact of the global Covid-19 pandemic has forced businesses to quickly adapt to the current needs of the stay-at-home orders by shifting their operations in order to ensure continuity of their business. The SSAs have developed 2 rebate program to support local businesses.
    • E-Commerce and Digital Marketing Rebate Program: Was developed in response to the COVID-19 emergency, with a goal of supporting local businesses expenditures for digital marketing and social media strategies. Download guidelines and application here.
    • Health and Sanitation Rebate Program: Was developed in response to the COVID-19 emergency, with a goal of supporting local businesses facing increased costs for sanitation supplies and takeout packaging by providing a rebate. Download guidelines and application here.
    • Comercio en Línea y Mercadotecnia Digital – Programa de Rembolso: Fue creado como respuesta de emergencia al COVID-19 para aisistir a los negocios locales que inviertan en mercadotecnia digital y en estrategias en redes sociales. Puede leer la guía y aplicar aquí.
    • Salud e Higiene – Programa de Rembolso: Fue creado como respuesta de emergencia al COVID-19 para aisistir a los negocios locales que enfrentan crecientes costos por material sanitario y paquetería por la nueva forma de venta de comida. Puede leer la guía y aplicar aquí.
  • The Salesforce Care Small Business Grant: Salesforce is partnering with Ureeka to offer eligible small businesses the opportunity to receive a $10,000 grant to help them through the COVID-19 outbreak. In order to ensure optimal user experience, applications will open in 2 phases. Phases are based on location, each phase will have 1 week to apply. Midway through the page, there’s a state-by-state map to see when your state’s phase is open. Apply here. Deadline May 1st.
  • Together Now Fund: This is a collaboration with the City of Chicago, The Chicago Community Trust and One Chicago Fund and private donations. The Together Now Fund is raising funds which will be granted to entities that will in turn make grants to small businesses as they work to recover from continued COVID-19 impacts and damage sustained during nationwide protests and unrest.  The grant application is here. Applications start on 6/22/2020; the deadline to apply is 6/29/2020.  Two types of grants are available;
    ○  Physical Infrastructure Repair – up to $10,000: to repair damage to the business site from 5/29 weekend
    and beyond.
    ○  Operational Cost Support – up to $4,000: to cover necessary operating costs like replenishing inventory
    during the period of 3/1/2020 and beyond.
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