Financial Aid for Small Business during Covid-19

Last Update: 4/8/2020
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As a member of SBAC, I was introduced to a couple resources.  Most of the links below apply to the City of Chicago or the rest of Illinois. If you are somewhere else, both ACCION and the SBA offer programs outside Illinois.

Kiva is a non-profit lending specialist that crowdfunds loans for the underserved, improves the quality and cost of financial services, and addresses barriers to financial access around the world.

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For Illinois and Indiana business owners, this credit line is up to $25K with minimal documentation, a quick application and funding within 10 days.

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We recommend working with your SBA lender or ACCION to help through this application.

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Scroll 1/2 way down the form to submit an application.  Or, you can try it here. I didn't get an acknowledgement or claim number after submitting the form.

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The EIDL is nationally deployed through each state's SBA.  And, it requires an essay portion that requires the business owner to clearly demonstrate the negative impact from Covid 19.

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Donations here are 100% funded towards United Way's partners.  For Lake County families dial 211 if you need aid.

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