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New programs available to help Illinois small businesses impacted by COVID-19

Paycheck Protection ProgramEligible recipients may qualify for a loan up to $10 million determined by eight weeks of prior average payroll plus an additional 25% of that amount. Loan payments will be deferred for six months. SBA will forgive loans if all employees... Read More.

With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

Thursday, April 2 by WROY/WRUL Staff

WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust... Read More.

With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

Wednesday, April 1 by WROY/WRUL Staff

Emergency Small Business Grants and Loans Assistance

Friday, March 27 by WROY/WRUL Staff

Under the leadership of Governor JB Pritzker, DCEO is working with partners to launch emergency assistance programs for Illinois small businesses. These initiatives include:Hospitality Emergency Grant ProgramTo help hospitality businesses make ends meet in the midst of the COVID-19 pandemic, DCEO is launching the... Read More.

U.S. DEPARTMENT OF THE TREASURY, IRS AND THE U.S. DEPARTMENT OF LABOR ANNOUNCE PLAN TO IMPLEMENT CORONAVIRUS-RELATED PAID LEAVE FOR WORKERS AND TAX CREDITS FOR SMALL AND MIDSIZE BUSINESSES TO SWIFTLY RECOVER THE COST OF PROVIDING CORONAVIRUS-RELATED LEAVE

Friday, March 27 by WROY/WRUL Staff

WASHINGTON, DC – Today the U.S. Treasury Department, Internal Revenue Service and the U.S. Department of Labor announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost... Read More.

WIOA Program Available to Assist Small Businesses, Employees, and Owners Who Have Been Displaced

Wednesday, March 25 by WROY/WRUL Staff

Pam Barbee with Southern 14 Workforce Investment Board wants small businesses that will not be reopening after this crisis or will be slow in opening backup to take advantage of the WIOA program. WIOA (Workforce Innovation and Opportunity Act) can offer information and assistance... Read More.

WISBDC Offering Free Webinars to Assist Small Business Owners with SBA Economic Injury Disaster Loans

Tuesday, March 24 by WROY/WRUL Staff

The Workforce and Illinois Small Business Development Center is offering webinars at no-cost to assist small business owners with the SBA Economic Injury Disaster Loans.How to Prepare & Apply for SBA’s Economic Injury Disaster Loan (EIDL) Program The U.S. Small Business Administration is offering designated... Read More.

Resources Available for Small Businesses

Monday, March 16 by Jc Tinsley

The Illinois Department of Commerce & Economic Opportunity (DCEO) is working to secure access to helpful resources for small businesses throughout the State of Illinois. As you may have read from SBA’s previous announcement (https://www.sba.gov/page/guidance-businesses-employers-plan-respond-coronavirus-disease-2019-covid-19), the U.S. Small Business Administration will work directly... Read More.

Jovita Carranza Selected As Administrator of U.S. Small Business Association

Monday, January 6 by WROY/WRUL Staff

An Illinois business leader has been approved to be administrator of the U.S. Small Business Administration. The U.S. Senate approved Jovita Carranza of Illinois to head the SBA. She had previously served as the U.S. Treasurer after being nominated by President Donald Trump in... Read More.

Gov. Pritzker Announces $4.2 Million in Funding for Small Business Development Centers Across the State

Wednesday, September 25 by WROY/WRUL Staff

Governor JB Pritzker announced $4.2 million in funding for Small Business Development Centers (SBDCs) throughout Illinois. The funding is available to universities, community colleges and business focused non-profit organizations to provide small businesses with support services through the operation of a Small Business Development... Read More.

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Stories tagged with: small

New programs available to help Illinois small businesses impacted by COVID-19

With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

With $349 Billion in Emergency Small Business Capital Cleared, SBA and Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

Emergency Small Business Grants and Loans Assistance

U.S. DEPARTMENT OF THE TREASURY, IRS AND THE U.S. DEPARTMENT OF LABOR ANNOUNCE PLAN TO IMPLEMENT CORONAVIRUS-RELATED PAID LEAVE FOR WORKERS AND TAX CREDITS FOR SMALL AND MIDSIZE BUSINESSES TO SWIFTLY RECOVER THE COST OF PROVIDING CORONAVIRUS-RELATED LEAVE

WIOA Program Available to Assist Small Businesses, Employees, and Owners Who Have Been Displaced

WISBDC Offering Free Webinars to Assist Small Business Owners with SBA Economic Injury Disaster Loans

Resources Available for Small Businesses

Jovita Carranza Selected As Administrator of U.S. Small Business Association

Gov. Pritzker Announces $4.2 Million in Funding for Small Business Development Centers Across the State

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