COVID-19 CORONAVIRUS PANDEMIC RESOURCES
Beware of Email Phishing Scams
The SBA is particularly concerned about scam emails targeting applicants of the SBA’s Economic Injury Disaster Loan Program asking them to verify their accounts using a third-party online platform to collect personally identifiable information.
It should be noted that any email communication from the SBA will come from email accounts ending in sba.gov, and nothing more. Loan applicants are being advised to look out for email scams and phishing attacks using the SBA logo. These may be attempts to obtain PII, access personal banking accounts, or install ransomware or malware.
Applicants are also advised to help protect their identity and privacy by never providing their full name, date of birth, social security number, address, phone numbers, email addresses, case numbers, or any other PII in public-facing comments or responses to third-party emails.
The SBA will not use a third-party platform to:
- Actively seek PII
- Search a third-party platform for or by PII, or
- “Follow” public users proactively without a waiver.
Borrowers who are in the process of applying for an SBA loan and receive email correspondence asking for PII are cautioned to ensure that any application numbers referenced in the email are consistent with their actual application number. Loan applicants and borrowers are also advised not to click on any links or open any attachments, which are often used in phishing email scams.
Scam and Fraud Alerts
SBA Economic Injury Disaster Loans
Downstate Small Business Stabilization Program
Who is eligible?
Local governments can apply on behalf of businesses with 50 employees or less. Only units of local government recognized by the Illinois Constitution and able to support economic development activities on a sufficient scale are eligible to apply for Economic Development grant funding. This includes cities, villages, and counties. Municipalities must not be a HUD direct Entitlement community or be located in an urban county that receives “entitlement” funds.
Communities receiving an annual allocation directly from HUD on an entitlement (formula) basis are not eligible to apply for the State’s CDBG funding. In 2019, Illinois had 33 metropolitan cities and eight urban counties named as Entitlements. They are:
What can grants be used for?
Grants can be used to support working capital.
How do businesses apply?
Businesses in the eligible areas should work with their local governments to submit applications. Application materials will be posted to the DCEO website on Friday, March 27, 2020.
How much money is available?
Grants of up to $25,000 per business will be available.
How soon will businesses receive funds?
DCEO’s goal is to execute grants within 30 days of application receipt, after which funds will be accessible.
LISC-State Farm $10 million Low-Cost Loan Fund
Applicants may apply for one business only and must be 18 years of age to apply. Each grant is limited to one grant per individual and business tax ID.
Awards will be made to qualified businesses, and eligibility is based on accurate and complete submission. Priority will be given to minority-, women-, and veteran-owned businesses.
All awardees will have to certify that they are promoting the best interests of the community and are negatively impacted by the Covid-19 crisis.
Non-profit organizations are ineligible for this funding.
You can start your application by completing the questionnaire here.
Information on Local Business Operations and Services
Access to Resources
Providing Direct Support to our Community
General Information from the State of Illinois
Information from the City of Springfield
Other Helpful Links
- Illinois Department of Commerce and Economic Opportunity
- State of Illinois Business Portal
- US Small Business Administration: Programs and services to help you start, grow and succeed in business.
- Government Loans: Provides information on government loan programs, including many for potential and current small business owners.
- Internal Revenue Service: Assistance in understanding your tax responsibilities.
- Sell to the State of Illinois: The state purchases more than $10 billion worth of products and services each year. Are you competing for this business?
- The Federal Government Grant Search Site: Find and apply for federal government grants.
- Business Plan Examples: The Carnegie Library in Pittsburgh has a wonderful page devoted to business plans. There are links to sample business plans for a wide variety of businesses.
- DCEO Environmental Assistance Program: Located in the nonregulatory agency, this program provides free confidential information and services to help small businesses understand their environmental obligations.
- Identity Theft Information
- National Restaurant Association