Applications are Open

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Cook County Government - Toni Preckwinkle - Cook County Board President

Bureau of Economic Development | June 8, 2020

Community Recover Initiative

Applications are Open!

Apply for the Community Recovery Fund

  • The Cook County Community Recovery Fund application is live. Funds are available to support eligible suburban small businesses and independent contractors through the COVID-19 pandemic. Apply here.
  • Se encuentra disponible la solicitud para el fondo de recuperación comunitaria del condado de Cook. Los fondos servirán para apoyar a los pequeños comerciantes suburbanos que sean elegibles y a los contratistas independientes afectados por la pandemia de la COVID-19. Aplicar aquí.


This loan fund offers one-time, zero-interest loans of up to $20,000 for small businesses and up to $10,000 for independent contractors in suburban Cook County. Loans will be administered by the Chicago Community Loan Fund and provided by a network of community lenders. 

The application deadline is Wednesday, June 17, 2020 at 11:59 pm.

Who can apply?

Small Businesses are eligible if they are:  

  • Employing 25 or fewer employees, 
  • Earning less than $3 million in annual revenue, 
  • Located in suburban Cook County, and
  • Revenues have decreased more than 25% as a result of COVID-19

Independent Contractors are eligible if you are:

  • Making at least half of your yearly income in 1099 contract work 
  • Earning less than $100,000 annually 
  • Residing in suburban Cook County  

Currently, not-for-profits are not eligible for this program

What information is needed to apply?

  • Bank statements from October 2019 to Date of Application
  • Copy of Most Recently Filed Federal Tax Return
  • Copy of Most Recent Annual Financial Statements (only required if small business)
  • Photo ID of Independent Contractor or Business Owner – valid forms of identification consist of:
    • A driver’s license issued by the State of Illinois or any other State of the United States of America
    • An identification card issued by any State of the United States of America
    • Passport
    • Consular identification

Please contact Lycrecia Parks of the Chicago Community Loan Fund at or (312) 788-2496 with additional questions about the loan fund or inquiries about the application process.

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