AKA:

B2B

Description:

Provides small businesses recovery grants for those hit hardest by the COVID-19 pandemic. Grants range from $5,000 to $250,000 per business and can be used to cover a wide range of operations, staff, and overhead costs.

*Applications open April 5th, 2023 - May 10th, 2023*

Eligibility:

Must be an independently owned and operated for-profit corporation or limited liability corporation, partnership, or sole proprietorship authorized to conduct business in the State of Illinois or a nonprofit. The business must have been operating during or before December 2019.
Must have had less than $20 million in gross operating revenue in calendar year 2019, or a prorated amount if in operation for less than a year prior to December 2019.
Must have experienced a loss in revenue of at least $5,000 in 2020 due to economic disruptions related to the COVID-19 pandemic.
Must have had reduced operations due to government orders, public health guidelines, or depressed consumer demand during the COVID 19 pandemic.
Must have complied with all relevant laws, regulations, and executive orders from the State and federal government, including the social distancing guidelines as promulgated by the Executive Orders of the Illinois Governor.

Business that are not eligible can be found at this website: https://www2.illinois.gov/dceo/SmallBizAssistance/Documents/B2B_EligibilityGuidelines.pdf

Languages:

Spanish
Polish
Chinese
Hindi
Arabic

Program Fees:

No fee

Intake Process:

Visit website to apply

Documents Required:
- Business Owner/Representative Valid Identification (Driver!€™s License, State ID, Passport, Matricular Consular Card)
- One business bank statement from between April and December 2020, inclusive, that reflects business expenses
- Most recent business bank statement (if you are a sole prop without a business bank statement, please submit statement from whichever account you conduct business transactions)
- 2019 Federal Tax Return (If you file business taxes on your individual 1040 tax return, please submit the 2019 1040 return with Schedule C included)
- 2020 Federal Tax Return (If you file business taxes on your individual 1040 tax return, please submit the 2020 1040 return with Schedule C included)
- If the above documents do not reflect business address, an official document that reflects your current business address such as a utility bill, lease, credit card statement, business license

Contacts

Phone Numbers

Address Listings

Handicap Accessible?

No

Wishlist:

None

Volunteer Opportunities:

None

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