As of January 19, 2021, the Governor has moved Region 8 of Illinois, including Addison, into Tier 2 of Phase 4 of his Restore Illinois plan. Most guidelines for Tier 2 of Phase 4 may be found here. Governor Pritzker also signed Executive Order 2021-01 on January 8, which provides additional guidelines, and extends previous executive orders through February 6, 2021. The Village recommends businesses continue to operate following the recommendations set by the State and DuPage County Health Department to keep employees and the community safe.
DCEO's Business Interruption Grant Program
This program provides assistance to disproportionately impacted areas of the COVID-19 pandemic, of which Addison is a part of. This program is available for up to 3,500 businesses that experiences a limited ability to operate due to the pandemic specifically bars, restaurants, barbershops, salons, gyms and fitness centers. Review the full eligibility criteria to determine if you qualify.
Applications are no longer being accepted at this time. For additional details, click here.
CARES Act - Coronavirus Aid, Relief, and Economic Security
This guide summaries major programs and initiatives of the CARES Act that will be available through the SBA. You can contact the IL SBA District Office at 312-353-4528. Page 2 highlights information on assistance to cover cost of retaining employees.
The US Chamber of Commerce compiled an article answering questions.
US Small Business Administration's Payroll Protection Program
Businesses, nonprofits, veteran organizations, sole proprietorships, self-employed individuals and independent contractors with 500 or less employees may be eligible to apply for forgivable loans to pay for employees during this crisis. Learn more about this program. Find answers to frequently asked questions.
Comparison of this program, EIDL and the IL Small Business Loan Fund
Small businesses, sole proprietorships, independent contractors and self-employed individuals may apply. Find an approved lender you can apply with here. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020.
To apply for loan forgiveness, review the instructions and full application. SBA also published an EZ application for loan forgiveness that applies to some borrowers with separate instructions.
US Small Business Administration's Economic Injury Disaster Loan
Small businesses and non-profits impacted by COVID-19 may be eligible to apply for loans of up to $2 million.
- This is a link to a PowerPoint on the Loan Program
- One Pager of details with contact information
- Summary of Steps of the Process
- Apply online
- Frequently asked questions
- The Illinois District Office is hosting twice daily webinars on the Economic Injury Disaster Loans. You can find details and register for these training events at www.sba.gov/il.
Illinois’ Small Business COVID-19 Relief Program
The Business Invest program was established by the IL Treasurer’s Office to assist IL small business and non-profits negatively affected by COVID-19. To learn more about the program click here.
Contact the IL Treasurer’s office with additional questions on this program at 217-782-9463.
Illinois’ Small Business Emergency Loan Fund
Low-interest loans of up to $50,000 for small businesses in every industry. According to the DCEO, businesses with fewer than 50 employees and less than $3 million in revenue in 2019 will be eligible to apply. Successful applicants will owe nothing for 6 months and will then begin making fixed payments at 3% interest for the remainder of a 5-year loan term.
More information and express interest here to receive an application
Comparison of this program, EIDL and SBA's PPP
o Families First Coronavirus Response Act One Pager
- SCORE Mentors
- Small Business Development Center
- Mail service by USPS – frequently asked questions related to COVID-19
- IL Manufacturing Helpline
Sign up to Stay Updated
- DuPage COVID-19 Hotline at 630-221-7030
Mon-Sat from 8 AM – 8 PM or Sun 10 AM – 6 PM
- IL COVID-19 Hotline at 800-889-3931 or email them at DPH.SICK@illinois.gov
Please direct business related questions to Anna Kubas at AKubas@addison-il.org or 630-693-7508
As the situation remains fluid, information is subject to change, but will do our best to share current accurate information.