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Small Business Assistance Grant Available to Help Lake County Companies (updated 07/08/20)


Lake County has launched an important new small business assistance grant fund to help local businesses impacted by COVID-19 reopen and adjust to the new operating environment. The intent of the grant is to cover occupancy and some operating costs for up to four months.

 

The grants cover 4.5-times average monthly rent, capped at $30,000, and can be used for payroll, business rent/mortgage, utilities, inventory, and incremental COVID-19 related business expenses.

 

A business must be located in Lake County, have less than $2.5 million in annual revenue and be incorporated - LLC, LLP, S Corporation, Sole Proprietor, etc. Currently, independent contractors are not eligible.

The application window will be open through 11:59 p.m. on Monday, July 20, 2020. For more information go to lakecountyil.gov/forward

 


 

Small Business COVID-19 Assistance Information 

U.S. Department of the Treasury Assistance for Small Businesses

U.S. Senate Committee & Small Business Entrepreneurship Guide to the CARES Act

U.S. Small Business Administration (SBA) Small Business Guidance & Loan Resources 

 

 

  • SBA Debt Relief: Under this program, the SBA will pay the principal and interest of new 7(a) loans issued prior to September 27, 2020, or cover principal and interest on current 7(a) loans for a period of six months.
     
  • SBA Express Bridge Loan: This pilot program (Guide here) allows small businesses that currently have a business relationship with an SBA Express Lender to access up to $25,000 with a fast turnaround.

Federal Government Response to COVID-19
 
Centers for Disease Control (CDC) and Prevention Guidance for Businesses and Employers
 
U.S. Department of Homeland Security

 
Illinois Small Business Administration

 

Illinois Department of Commerce & Economic Opportunity

For Manufacturers:

 
Illinois Department of Revenue

  • Details on short-term relief from late sales tax payments due to COVID-19 here.

 
Illinois Department of Public Health

 
Illinois Small Business Development & International Trade Center, College of Lake County

  • Contact business advisors for inquiries or assistance: 847-543-2033, IllinoisSBDC@clcillinois.edu

 

Lake County Health Department

 

 Lake County Partners Covid-19 Informational Resources
 
Job Center of Lake County

View the Center’s Job Opportunities page

  • Employers: Complete this form to submit your job opportunities to the Job Center Business Service team
  • Jobseekers: Complete this form to submit your resume for consideration for a work experience (internship) or employment referral.