COVID-19 Resources

Small Business Grants



The Department of Commerce and Economic Opportunity (DCEO) is launching the first round of Business Interruption Grants (BIG) by providing $60 million to businesses experiencing losses or business interruption as a result of COVID-19 related closures. The BIG Program is available for up to 3,500 businesses that experienced a limited ability to operate due to COVID-19 related closures. DCEO will begin distributing funds to qualifying businesses in early July, 2020.

$10,000-$20,000 Cap

Applications Accepted 

June 26, 2020

Specifically, the program includes support for:

  • Businesses in DIAs - $20M for businesses that are located in a subset of DIAs that have recently experienced significant property damage, providing 1,000 grants of $20,000 each. (see DIA map here)

  • Bars and Restaurants - $20M for bars and restaurants unable to offer outside service, providing 1,000 grants of up to $20,000

  • Barbershops and Salons - $10M for barbershops and salons, providing 1,000 grants of $10,000 each

  • Gyms and Fitness Centers - $10M for gyms and fitness centers that have lost significant revenue due to COVID-19, providing 500 grants of $20,000 each

How To Apply:

For the full eligibility criteria: (click here)

For the application: (click here)

For all other questions and updates about BIG grants: (click here)

Small Business Lending Programs


The Paycheck Protection Program provides small businesses with loans to pay up to 2.5 times the borrower’s average monthly payroll costs, not to exceed $10 million. Costs can include payroll, benefits, rent, utilities, and interest on mortgages. Payroll costs will be capped at $100,000 annualized for each employee. Loans will be set at a 0.5% interest rate, and forgiven if the employer retains staff or quickly rehires employees and maintains salary levels. 

$10,000,000 Loan Cap


Fully Forgivable


Available through

June 30, 2020


How To Apply:

Loans are available through June 30th, 2020, but it is encouraged to apply as quickly as you can because there is a funding cap. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. 

Regional SBA Approved Lenders:

Bank of Belleville (click here)

Associated Bank (click here)

First Mid Bank & Trust (click here)

Regions Bank (click here)

Scott Credit Union (click here)

Town & Country Bank (click here)

US Bank (click here)

United Community Bank (click here)

Carrollton Bank (call 618-307-4701)

Loan & Application Documents:

  • Paycheck Protection Program Information Sheet (pdf)

  • Small Business Guide & Checklist (pdf)

  • Application Sheet (pdf)

  • Certificate of Beneficial Owners Sheet (pdf)


The SBA’s Economic Injury Disaster Loan (EIDL) program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The interest rate is 3.75% for businesses and 2.75% for nonprofits.

In addition to this loan, small business owners are eligible to apply for an EIDL advance of up to $10,000. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This advance will not have to be repaid. 

$2,000,000 Loan Cap

$10,000 Advance

Available through

December 31, 2020


How To Apply:

Loans are available through December 31, 2020. To apply for a COVID-19 Economic Injury Disaster Loan, click here.

Applying for PPP & EIDL Loans:

You can apply and accept both PPP and EIDL loans as long as you do not use the EIDL funds for the same purpose as your PPP loan. For example, if you use your EIDL loan to cover payroll for certain workers in April, you cannot use a PPP loan for payroll for those same workers in April. You could however use it for payroll in March or for different workers in April.


The Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bridge the gap while applying for a direct SBA Economic Injury Disaster Loan (EIDL). If a small business has an urgent need for cash while waiting for a decision and disbursement on an Economic Injury Disaster Loan (EIDL), they may qualify for an SBA Express Disaster Bridge Loan.
For the Express Bridge Loan Pilot Program Guide,
click here

$25,000 Loan Cap

Available through

September 13, 2020


How To Apply:

Loans are available through September 13, 2020. To apply, check with your local SBA Certified Lender. 


This program will provide immediate relief to small businesses with non-disaster SBA loans, in particular 7(a), 504, and micro-loans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months. This relief will also be available to new borrowers who take out loans within six months of the President signing the bill into law. 

Debt Relief Aid

Available through

September 27, 2020


How To Apply:

Loans are available through September 27, 2020. To apply, check with your local SBA Certified Lender.


The Illinois Small Business Emergency Loan Fund features a loan with a lending limit of $50,000 at 3% for 5 years. Businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 will be eligible to apply. Loan funds must be used for working capital and at least 50% of the proceeds must be applied toward payroll, salaries, wages, tips, paid leave, and group healthcare benefits. No payments are due for the first six months. Eligible uses exclude compensation in excess of $100,000. (At this time, nonprofits and farm businesses that would traditionally qualify under the USDA’s farm loan program are not eligible.)


For loan guidelines, click here

$50,000 Loan Cap

3% for 5 Years


How To Apply:

For businesses south of I-74, reach out to Galen Gondolfi with Justine Peterson at 314-565-2223 for more information. 

Small Business Tax Provisions



This provision would provide a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is also provided to employers who have experienced a greater than 50 percent reduction in quarterly receipts, measured on a year-over-year basis.

Valid through

December 31, 2020

NOT available for  Paycheck Protection Program borrowers

Wages of employees who are furloughed or face reduced hours as a result of their employer’s closure or economic hardship are eligible for the credit. For employers with 100 or fewer full-time employees, all employee wages are eligible, regardless of whether an employee is furloughed. The credit is provided for wages and compensation, including health benefits, and is provided for the first $10,000 in wages and compensation paid by the employer to an eligible employee. Wages do not include those taken into account for purposes of the payroll credits for required paid sick leave or required paid family leave, nor for wages taken into account for the employer credit for paid family and medical leave (IRC sec. 45S). (The credit is not available to employers receiving assistance through the Paycheck Protection Program.)


This provision would allow taxpayers to defer paying the employer portion of certain payroll taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022. Payroll taxes that can be deferred include the employer portion of FICA taxes, the employer and employee representative portion of Railroad Retirement taxes (that are attributable to the employer FICA rate), and half of SECA tax liability. Deferral is not provided to employers receiving assistance through the Paycheck Protection Program (PPP).

Valid through

December 31, 2020

NOT available for  Paycheck Protection Program borrowers

For more information on these tax credit programs, consult your accountant, lending provider, or local SBA office.