COVID-19 Resource Page
We have created this page to be your source for news you need for your business and family. Only trusted and unbiased sources will be used.
Are You an Essential Business?
A recent executive order requires all non-essential businesses and operations to cease all activities except for minimum basic operations. Non-essential businesses may also continue operations consisting exclusively of employees or contractors working from home.
From Harriet Parker, Waubonsee SBDC:
There continues to be a lot of confusion over the details of the various disaster loan programs. I am doing my best to provide you only validated information. I am attaching updated PPP Guidance Memo that I received from DCEO this morning, as well as a spreadsheet that compares SBA disaster loan options.
The PPP application is now available for download.
List of PPP Participating Lenders (subject to update)
More helpful links:
U.S. Dept. of Treasury re: payroll tax credits: https://home.treasury.gov/news/press-releases/sm962?utm_source=2020+VIA+Members&utm_campaign=7d9634f780-EMAIL_CAMPAIGN_2020_04_02_01_55&utm_medium=email&utm_term=0_745bad3a44-7d9634f780-326884021
Arts for Illinois Relief Fund: https://artsforillinois.org/donate-and-apply
Downstate Small Business Stabilization Program
Grant program for qualifying small businesses; applications must be made through a unit of local government (city, village or county)
Effective April 1st, employers must post a notice of the Families First Coronavirus Response Act (FFCRA) requirements in a conspicuous place on its premises.
All employers covered by the paid sick leave and expanded family and medical leave provisions of the Families First Coronavirus Response Act (FFCRA) (i.e., certain public sector employers and private sector employers with fewer than 500 employees) are required to post this notice.
Given many are working remotely, an employer may satisfy this requirement by emailing or direct mailing this notice to employees, or posting this notice on an employee information internal or external website.
The poster and additional information can be found on the US Dept of Labor’s site here: https://www.dol.gov/agencies/whd/pandemic
(From Harriet Parker, Waubonsee SBDC) The SBA Disaster Loan application is now back to an online application form, and they have significantly streamlined the application. You can now also request an advance. If you haven’t already submitted an application, you can do it here: https://covid19relief.sba.gov/#/
Helpful FAQ links:
Small Businesses: If you feel like the massive amount of information coming out is akin to drinking from a fire hose, you’re not alone. Harriet Parker with the SBDC at Waubonsee has sorted through and compiled the following to help you:
The $2.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES) economic rescue package approved and signed by the President today. What it means to Illinoisans
Governor Announces COVID-19 Emergency Small Business Assistance Initiatives
(Note, application deadline of 5pm April 1 has passed) Hospitality Businesses: …Bars and restaurants that generated between $500K and $1M in revenue in 2019 are eligible for up to $25,000, and bars and restaurants that generated less than $500K in revenue in 2019 are eligible for up to $10,000. Hotels that generated less than $8M in revenue in 2019 are eligible for up to $50,000… READ MORE
Illinois Small Business Emergency Loan Fund
DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are establishing the Illinois Small Business Emergency Loan Fund to offer small businesses low interest loans of up to $50,000. 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. Successful applicants will owe nothing for six months… Read More
Downstate Small Business Stabilization Program
To support small businesses in downstate and rural counties across Illinois, DCEO is repurposing $20 million in CDBG funds to stand up the Downstate Small Business Stabilization Program. This Fund will offer small businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital… Read More
Illinois State Treasurer’s Office announces new relief program for small businesses:
Business Invest – Illinois Small Business COVID-19 Relief Program
The program is an impact investment loan program under which the State Treasurer would make up to $250 million in deposits available to financial institutions throughout the state, at near-zero rates, to assist Illinois small business and non-profits negatively affected by the COVID-19 pandemic. The purpose of this funding is to provide vital economic support to small businesses and non-profits throughout Illinois to help overcome the loss of revenue they are experiencing…
To participate in Business Invest – Illinois Small Business COVID-19 Relief Program, financial institutions must be or apply to become an approved program depository with the Treasurer’s Office …READ MORE
SBA Disaster Loan Assistance for Small Business Update: After working through the disaster loan application with many folks last week, Harriet Parker with the SBDC put together an FAQ of the questions that seem to be causing people the most problem. (Update 3/25/20: The SBA application site is down for maintenance; more info to come.)
In Waubonsee College district, contact Harriet Parker firstname.lastname@example.org
In Kishwaukee College district, contact Jock Sommese email@example.com
For assistance in Spanish, contact Noelia Ruiz firstname.lastname@example.org
The State of Illinois has received its statewide Economic Injury Declaration which means small businesses in all 102 Illinois counties may be eligible for low-interest, economic injury disaster loans up to $2M per business.
In addition, business advisors at Illinois Small Business Development Centers (SBDCs) are available to assist small businesses with the loan application process and are currently operating remotely. SBDC Near You
Businesses having questions about DCEO programs, resources or incentives may contact the Illinois DCEO First Stop Business Information Center. They can email email@example.com or call the toll-free helpline at 1.800.252.2923.
SUPPORT LOCAL BUSINESSES
Amid restaurant and bar closures, you can support these establishments by ordering take-out or delivery, or purchasing gift cards. A “Yorkville to Go” Facebook page has been created to be a resource of local restaurants. The Kendall County office has also prepared a restaurant map.
Local businesses need and appreciate the support of their communities now more than ever. The Chamber has created a “Yorkville Connect” Facebook page where businesses can post news about their operations during this period.
STATE & LOCAL
- SMALL BUSINESS OWNERS: If you own a small business, please take a moment and let Illinois Department of Commerce & Economic Opportunity know the impact to your small business and the vitally important workers you employ. Accurate responses to the questions will assist in evaluating a request for an economic injury disaster declaration from the U.S. Small Business Administration. (survey form)
- IDES recently adopted emergency rules to the unemployment insurance system.
- COVID-19 help, links to press releases
- Posted 3/18/20 Kendall County residents can expect to see an uptick in Coronavirus related scams in the coming weeks and months. Many agencies have put out warnings, some of which are attached here. Whether they are phishing scams, malicious software or someone claiming to need money to release a stimulus check, protect yourself from these attempts to separate you from your money or personal information! https://www.ftc.gov/news-events/press-releases/2020/03/ftc-outlines-agencys-response-coronavirus-challenges https://www.secretservice.gov/data/press/releases/2020/20-MAR/Secret_Service_Coronavirus_Phishing_Alert.pdf KE69
- What you need to know (symptoms, preparation, older adults and medical conditions)
- Community resources (businesses and employers, travel, schools and childcare, community and faith-based organizations)
- Cases in the U.S.
- Latest updates
- Interim Guidance for Businesses and Employers
- Cleaning and Disinfecting Recommendations
- U.S. Small Business Administration is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19)… more on disaster loan assistance
- Webinar Material-Coronavirus 03.14.20_1
- The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus.
The President’s Coronavirus Guidelines for America – 15 Days to Slow the Spread of Coronavirus (COVID-19)