Federal Recovery for Illinois Small Businesses: Cash flow and debt aid

Illinois small businesses impacted by low sales or increased business debts due to COVID-19 pandemic have a few short weeks to apply for relief with an affordable value-based loan through U.S. Small Business Administration's (SBA) COVID-19 Economic Injury Disaster Loan (EIDL) program.

With an advantageously low 3.75% fixed interest rate, the SBA’s enhanced COVID-19 EIDL funds are available for owners with a minimum 570 credit score and can be repaid up to 30 years. Join Small Business Majority and The SBA Illinois District Office for our biweekly webinar about applying for recovery-based funding to increase your cash flow through:

• COVID-19 EIDL as a value-based loan to benefit small business owners use for payroll, working capital, and payment of commercial or federal debt, and other cost expenses.
• The federal Employee Retention Credit (ERC)