COVID-19 Small Business Updates

From: Tuesday, March 24th, 2020
To: Thursday, December 31st, 2020

We will update the links as new information about disaster/recovery business loans become available.

The link below provides information about accessing Phase II of Government Assistance PPP Loans for Small Businesses:

Govt Assistance Phase II 20200428

 

Nearly $500 Billion Paycheck Protection Program Packages Signed

President Trump signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19 testing amid the coronavirus pandemic.

Read the U.S. Chamber’s summary of the legislation here

FAQ from the Small Business Administration and The Treasury Department here

PPP Application Form here

Understanding the PPP Slide Deck here

New IRS Get My Payment tool allows taxpayers to provide direct deposit information and gives payment date

The IRS has launched a new Get My Payment tool with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information. Get My Payment will show the projected date when a deposit has been scheduled, similar to the “Where’s My Refund tool” many taxpayers are already familiar with.

Multi Chamber Small Business Relief Webinar on Tuesday, April 28th at 3pm, featuring Bill Papp of P&F Business Advisors, Inc.  Learn about the newly passes small business bill.  Tap the link below to register.

https://us02web.zoom.us/meeting/register/tZIoc-ChpjstG9wLuGHdA-YCjm1PyHABmTqo

Planning for Return to Work after Shelter-in-Place ends:  https://www.uschamber.com/coronavirus/implementing-national-return-to-work-plan

Click here for the latest information as it becomes available through the Illinois Chamber of Commerce with links from all the government entities.

 

DCEO Small Business Loan Programs:

Illinois Small Business Updates – COVID-19 – District 65

Coronavirus Business Loans from First American Bank:

https://www.firstambank.com/coronavirus-business-loan-programs