5 updates you may have missed

 

Illinois District Office - July 2021

u s small business administration

5 updates you may have missed

Read SBA's Latest Email Updates

 

1. The Restaurant Revitalization Fund closed on Friday, July 2nd. 

The RRF program, signed into law by President Joe Biden as part of the American Rescue Plan, provided much needed economic aid to restaurants and other establishments struggling to make ends meet as a result of the pandemic.

“The $28.6 billion Restaurant Revitalization Fund provided desperately needed relief to more than 100,000 restaurants and other food and beverage businesses across the nation with significant funding going to our hardest-hit, underserved businesses,” said SBA Administrator Isabel Guzman. 

Read more

2. Low interest disaster loans available to Illinois businesses impacted by drought. 

Economic Injury Disaster Loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and private nonprofit organizations in Illinois due to drought that began on June 15, 2021.

Low-interest disaster loans are available in the following counties: Boone, Cook, DeKalb, DuPage, Kane, Kendall, Lake, LaSalle, Lee, McHenry, Ogle, Will and Winnebago in Illinois.

Loan applications should be submitted by Feb. 22, 2022.

Apply here

3. The Community Navigator Pilot Program application deadline has been extended to July 23, 2021. 

The SBA's Community Navigator Pilot Program is designed to help connect underserved small businesses with critical financial relief, training, counseling and other resources. Local and tribal governments, nonprofits, and other organizations may apply for the SBA's Community Navigator Pilot Program. 

Organizations will need to register in the System for Awards Management (sam.gov) if they have not already, which can take up to two weeks. Find more information at www.sba.gov/navigator and apply by July 23. 

Learn more

4. Small businesses: Get help filling job openings.

Small business owners who are finding it hard to fill job openings may be eligible to petition the government for help. There are still 6,000 U.S. Citizenship and Immigration Services H-2B visas for people from Honduras, Guatemala and El Salvador who are exempt from the returning worker requirement.

The supplemental visas address the needs of U.S. employers at risk of permanent and severe financial loss. Interested qualified businesses can petition for these visas before July 8, 2021.

Learn more

5. SBA Hosts National SBIR Week to Connect Technology Innovators & Entrepreneurs with Research Funding  

The SBA will host 2021 National SBIR Week on July 19 through July 23 for small business innovators. The virtual event will connect entrepreneurs working on advanced technology to the country’s largest source of early-stage funding – the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The SBA Administrator Isabella Casillas Guzman will provide welcome remarks on July 19.

Learn more


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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.