RRF Training, EIDL Supplemental Advance & more

Illinois District Office - April 2021

u s small business administration

In this month's newsletter, find important SBA updates you may have missed. Short on time? Use the Table of Contents to skip ahead to the content most relevant to you:


About Restaurant Revitalization Fund

restaurants

 

Program details

The Restaurant Revitalization Fund (RRF) provides funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023.

More about RRF

Registration and application information

Registration will begin on Friday, April 30, 2021, at 8 a.m. Central Time and applications will open on Monday, May 3, 2021, at 11 a.m. Central Time. The online application will remain open to any eligible establishment until all funds are exhausted. 

Read more


Restaurant Revitalization Fund Training Opportunities

National RRF Training: Application Overview

SBA is hosting two national webinars on the Restaurant Revitalization Fund that will demonstrate how to submit an application through the portal. Both webinars will cover the same content, so choose a time that works for you!

April 27, 1:30 pm

April 28, 1:30 pm

Register

Register

PPSI

National RRF Briefing with SBA Administrator

The SBA and the Public Private Strategies Institute (PPSI) are hosting a national briefing on the new $28.6 billion Restaurant Revitalization Fund. SBA Administrator Isabella Casillas Guzman will kick off this event. This briefing is cosponsored by the SBA and PPSI.  

April 28, 12 p.m.

Register

Local RRF Training

Watch a replay of the Illinois District Office RRF training that took place on Friday, April 23 at 4:00 p.m. to learn more about the program. Stay connected with us for more local training opportunities!

Watch a replay 


RRF Resources in English and Other Languages

All info about RRF


Supplemental Targeted Advance

eidl

The Supplemental Targeted Advance provides the smallest and hardest hit eligible businesses with a supplemental payment of $5,000 that does not have to be repaid. Even if you have previously received the original EIDL Advance in the full amount of $10,000, you may be eligible for the Supplemental Targeted Advance if you meet eligibility criteria. 

Before applying, make sure your small business meets all the following eligibility criteria:

  • Is located in a low-income community. Use this mapping tool to see if your business is in a low-income community as defined in section 45D(e) of the Internal Revenue Code. The business address must be in a low-income community to qualify, so SBA encourages you to check the map before you apply; and
  • Can prove more than a 50% economic loss during an eight-week period beginning on March 2, 2020, or later, compared to the same period of the previous year. Applicants need to provide gross monthly revenue (all forms of combined monthly earnings received, such as profits or salaries) from January 2019 to the current month-to-date; and
  • Has 10 or fewer employees. This includes sole proprietors, independent contractors, private nonprofit organizations, and others that usually qualify for the EIDL program. However, agricultural businesses, such as farmers and ranchers, are not eligible for the Supplemental Targeted Advance. Farmers and ranchers may still apply for loan assistance through the COVID-19 EIDL program.

Read more


Now Hiring: Come work at the SBA Illinois District Office!

The SBA Illinois District Office is hiring an Outreach and Marketing Specialist to work out of our Springfield, Illinois office. The Outreach and Marketing Specialist will work with assigned groups, stakeholders, and organizations to further SBA's mission and raise awareness about SBA programs. 

Applications for this position will close on May 3, 2021. Don't miss out on this opportunity!

Apply today


Upcoming small business training

webinar: resources for small businesses or small business

 

Women's Webinar Wednesday

 Women's Webinar Wednesday provides a space for women entrepreneurs to learn about resources available for their small business needs. This week, presenters will discuss the 8(a) Business Development Program. Bring your questions and be prepared to learn about programs and opportunities to empower women as they start, scale up, and improve their business. Wednesday, April 28, 11 a.m.

Tax Resolutions Open Forum

Join us for the webinar in our Financial Literacy series that will cover all your tax needs. This event will be an Open Forum and you will be able to ask your questions as they relate to preparing your business taxes for this year. This event will discuss preparing your Federal Tax return, how to choose a tax service, claiming reductions, and how to document receipts. Thursday, April 29, 11:00 a.m.

Sign up 

Fridays With Fergie

You've got small business questions. SBA Illinois Deputy District Director Mark Ferguson (aka "Fergie") has answers. Tune in, stay connected, and take your small business to the next level. Join anytime in the 1.5-hour event to learn about the SBA and our coronavirus relief programs. Each week, we will discuss new topics, including coronavirus relief programs at the SBA, the Paycheck Protection Program and updates to the program, the Economic Injury Disaster Loan Program, Shuttered Venue Operators Grant, and SBA programs. Friday, April 30, 11:30 a.m.

Sign up

Central & Southern Illinois: Marketing & Selling to the Federal Government

Are you located in Central and Southern Illinois? Have you thought about having the federal government as one of your customers but unsure as to where to start? Come and join us to learn about SBA resources to help your small business successfully identify and compete for federal contract opportunities. Wednesday, May 5, 9 a.m.

Sign up


Stay updated

Visit sba.gov/relief for updates on the loan programs, guidance for businesses and employers, and other SBA resources.

If you have questions about your already submitted EIDL application, contact the SBA Disaster Customer Service Center at (800) 659-2955 or disastercustomerservice@sba.gov.

Follow @SBA_Illinois on Twitter.

E-mail questions to illinois.do@sba.gov.