COVID-19 Assistance and Resources:
BUSINESS IMPACT SURVEY RESPONSES NEEDED.
The Illinois Department of Commerce & Economic Opportunity (DCEO) is working to secure access to helpful resources for small businesses throughout the State of Illinois. As you may have read from SBA’s previous announcement, the U.S. Small Business Administration will work directly with state Governors to provide targeted, low-interest loans to small businesses and non-profits that have been severely impacted by COVID-19. As part of this process, DCEO needs to collect information from small businesses that are negatively impacted. This information will assist them in requesting an economic injury disaster declaration from the SBA, as well as identifying and supporting other needs of the business community.
The State of Illinois is asking that impacted businesses please take a moment to complete this form. Accurate responses to the survey will assist in evaluating a request for an economic injury disaster declaration from the U.S. Small Business Administration. Please estimate your impact to the best of your ability – DCEO understands the economic injury is ongoing & you likely have a lot of unknowns at this time.
The SBA has received authorization to provide small business assistance through the Economic Injury Disaster Loan (EIDL) program. This program can provide low interest loans of up to $2M to businesses and private non-profits. It’s important to recognize that the state has not yet received a declaration, so the EIDL program is not yet available to Illinois businesses and non-profits – that’s why the survey information is needed. More information will be provided as soon as it’s available.