Coronavirus 19: Community & Business Resources
While we don’t know the economic impact will have in the next several months due to COVID-19, we know there are ways to help local businesses and communities now. With the current COVID-19 pandemic, many are facing information overload; what is official information, where to look, and what resources are available? To help find all the information needed, the Village of Park Forest has compiled all of the OFFICIAL information and websites here.
Other Small Business Loans & Grants:
Who can use an SBA disaster loan?
The U.S. Small Business Administration (SBA) is offering disaster loan assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters. suffering substantial economic injury as a result of the Coronavirus (COVID-19). SBA Illinois District Office
The Community and Economic Development Association of Cook County, Inc. (CEDA) - Here To Help FamiliesCEDA offers a variety of services to low-income families and individuals throughout the Chicagoland area. Family Support and Community Engagement CEDA will keep our essential services available to people in crisis and will be helping residents and communities who are unable to meet their basic needs. For more information on services, energy assistance, family support, housing services, and more, CLICK HERE
COVID-19 and Unemployment Benefits
Unemployment benefits may be available to some individuals whose unemployment is attributable to COVID-19. IDES recently adopted emergency rules to try to make the unemployment insurance system as responsive to the current situation as possible.
To find government benefits related to unemployment assistance, healthcare, and food and nutrition, go to: Benefits.gov. You can also take their Benefit Finder to find additional benefits you may be eligible for.
IRS - Coronavirus Tax Relief
The IRS has established a special section focused on steps to help taxpayers, businesses, and others affected by the coronavirus. CLICK HERE for the IRS Coronavirus Tax Relief information website.
Illinois State Treasurer: COVID-19 Bridge LoansThe Illinois Treasurer’s Office has partnered with approved financial institutions to provide loans -- either lower rate loans or loans to a business or non-profit that would not otherwise qualify -- to Illinois small businesses impacted by the COVID-19 pandemic. State of Illinois COVID-19 Bridge Loans
HUD: PROVIDES IMMEDIATE RELIEF FOR HOMEOWNERSIf you are a homeowner with an FHA-insured single-family home mortgage and you’re having difficulty making your monthly mortgage payments due to the COVID-19 National Emergency, help is available. Mortgage servicers are instructed to offer deferred or reduced mortgage payments by as much as 6 months to start. HUD Homeowner Assistance
Utility Companies Responds to the Coronavirus Crisis
U.S. Department of Labor Responds to COVID-19
The U.S. Department of Labor has resources to help workers and employers prepare for the COVID-19 virus: Workplace Safety; Wages, Hours & Leave; Unemployment Insurance Flexibilities; and more. Find more info at: CareerOnestop.org
Illinois Small Business Emergency LoanDCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are establishing the Illinois Small Business Emergency Loan Fund to offer small businesses low-interest loans of up to $50,000.
Business Partners & Local Lenders
Industry Specific Organizations
PayPal - apply here for the PPP