Small Business Loans available; State offers Essential Business Determination Hotline

Do you have questions about whether or not your business is considered essential? 

You can call the Essential Business Determination Hotline provided by the Illinois  Department of Community and Ecomonic Development .  The number is:  800-252-2923.


Small Business Development Loans are Available

All Illinois small businesses (according to SBA’s size standards) and private non-profits can now apply for loans of up to $2 million through the U.S. Small Business Administration’s Economic Injury Disaster Loan Program. If your businesses have been affected by the coronavirus pandemic, this program offers working capital to meet needs including payroll, accounts payable, and fixed debt payments until the situation improves. Interest rates are 3.75% for small businesses and 2.75% for non-profits. Your businesses may apply now at https://disasterloan.sba.gov/ela/

Find more information for small businesses affected by coronavirus at www.sba.gov/coronavirus. Subscribe to email updates from SBA at bit.ly/SubscribeIL to stay up to date on SBA news and events. SBA resource partners (Illinois Small Business Development Centers, WBDC, SCORE, Veterans Business Outreach Center) stand ready to help. Go to www.sba.gov/local-assistance to find a counselor or mentor.  

Please visit  Illinois.do@sba.gov 
Or, call (312) 353-4528 (Chicago office) or (217) 747-8249 (Springfield office) to talk to a Small Business Administration team member directly. 

Stay Safe and Stay Healthy!

City of Highland:
https://www.highlandil.gov/

State of Illinois Coronavirus response:
 https://www2.illinois.gov/sites/coronavirus/Pages/default.aspx

Illinois Department of Public Health:
http://www.dph.illinois.gov/topics-services/diseases-and-conditions/diseases-a-z-list/coronavirus

Centers for Disease Control:
https://www.cdc.gov/