Small Business Resources
Resources for Local Businesses
The library is here and dedicated to providing online resources to support local businesses. During these unprecedented times, we will provide current links to resources that may prove valuable in the recovery process.
Oak Lawn Chamber of Commerce
Want to support local businesses in Oak Lawn? Check out the Oak Lawn Chamber of Commerce website for up to date information about businesses currently open in Oak Lawn.
Click Here for a List of Businesses Currently Open in Oak Lawn
U.S. Small Business Administration
Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. The SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.
Click Here for the SBA's Coronavirus Small Business Guidance and Loan Resources
Small Business Development Centers
America’s SBDC represents America’s nationwide network of Small Business Development Centers (SBDCs) – the most comprehensive small business assistance network in the United States and its territories. SBDCs are hosted by leading universities, colleges, state economic development agencies and private partners. They are funded in part by the United States Congress through a partnership with the U.S. Small Business Administration. They have published a list of resources for small businesses, including webinars to assist employers with with COVID-19 on a wide range of topics.
SBDC's COVID-19 Resources
Applications for the Chicago Small Business Resiliency Fund Now Open
The City of Chicago recognizes that COVID-19 has put a difficult burden on our business and non-profit community. As a response to this challenge, the City of Chicago has established the $100 million Chicago Small Business Resiliency Fund (the Resiliency Fund), which will provide small businesses and non-profits with emergency cash flow during this health crisis. Funds will be provided to eligible businesses as low-interest loans. The Resiliency Fund is structured to complement the new federal Paycheck Protection Program that the Small Business Administration (SBA) will launch shortly. The City and its partners will seek to provide all Resiliency Fund loan applicants with the best offer available, including from the SBA’s new program. All loan applications will be administered through lending partners, including Accion Serving Illinois and Indiana and the Community Reinvestment Fund, USA (CRF). The Fund continues to build partnerships with additional lenders to help provide loans to small businesses and non-profits all over Chicago.
Click Here for More Information on Chicago's Small Business Resiliency Fund
Emergency Small Business Grants and Loans Assistance
Under the leadership of Governor JB Pritzker, the Department of Commerce and Economic Opportunity is working with partners to launch emergency assistance programs for Illinois small businesses. These initiatives include the Hospitality Emergency Grant Program, the Illinois Small Business Emergency Loan Fund, and the Downstate Small Business Stabilization Program.
Information on All Three Assistance Programs Can Be Found Here
Small Business COVID-19 Relief Program
The Business Invest - Illinois Small Business COVID-19 Relief Program is an impact investment loan program under which the State Treasurer has made 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.
Here is Information on the Small Business COVID-19 Relief Program
Cook County Community Recovery Initiative
Cook County has launched a comprehensive initiative to provide economic relief to small businesses, non-profits, community service organizations and independent contractors (1099 workers) in response to the COVID-19 pandemic.
Check Out Cook County's COVID-19 Relief Efforts for Small Businesses Here
Created by Nathan Hare on
Apr 9th, 2020 @ 1:24 PM.
Updated on Nov 12th, 2020 @ 11:14 AM.