Illinois Class 6b SUSTaINaBLE EMERGENCY RELIEF application

• Category: Illinois Local County - Cook - Assessors Office
• State: Illinois
• Control #: IL-SKU-1979
• Format: PDF

Description

Class 6b SUSTaINaBLE EMERGENCY RELIEF application The Illinois Class 6b Sustainable EMERGENCY RELIEF application is a financial assistance program for eligible businesses in the state of Illinois. This program is designed to help businesses affected by the COVID-19 pandemic by providing grants and loans to cover operating costs and make up for lost income. The program has two main components: the Small Business Emergency Bridge Loan Program (SB ELP) and the Small Business Sustainability Grant (SBS). The SB ELP provides interest-free loans of up to $25,000 for businesses with fewer than 50 employees. The loan is designed to bridge the gap between the time the business is affected by the pandemic and when it can look to other sources of relief. The loan must be repaid within one year. The SBS provides grants of up to $25,000 for businesses with fewer than 50 employees. The grant is designed to help businesses cover operating costs, such as rent, payroll, and utilities. The grant does not need to be repaid. Both the SB ELP and the SBS are available to businesses that have experienced a financial hardship due to the pandemic, have fewer than 50 employees, and are located in Illinois. Applications are available online and must be submitted by the established deadline.

The Illinois Class 6b Sustainable EMERGENCY RELIEF application is a financial assistance program for eligible businesses in the state of Illinois. This program is designed to help businesses affected by the COVID-19 pandemic by providing grants and loans to cover operating costs and make up for lost income. The program has two main components: the Small Business Emergency Bridge Loan Program (SB ELP) and the Small Business Sustainability Grant (SBS). The SB ELP provides interest-free loans of up to $25,000 for businesses with fewer than 50 employees. The loan is designed to bridge the gap between the time the business is affected by the pandemic and when it can look to other sources of relief. The loan must be repaid within one year. The SBS provides grants of up to $25,000 for businesses with fewer than 50 employees. The grant is designed to help businesses cover operating costs, such as rent, payroll, and utilities. The grant does not need to be repaid. Both the SB ELP and the SBS are available to businesses that have experienced a financial hardship due to the pandemic, have fewer than 50 employees, and are located in Illinois. Applications are available online and must be submitted by the established deadline.