State of Illinois Bridge Loan Program
SPRINGFIELD – Illinois small businesses can tap into $250 million in low-interest bridge loans as soon as this week to help push through the COVID-19 pandemic, Illinois State Treasurer Michael…
Helping Small Businesses Navigate the Loan Process During this Pandemic
The average small business in Chicago has less than 28 days of cash on hand. For businesses in low- and moderate-income communities, this number is even smaller. Small businesses here…
Governor Pritzker’s Stay at Home Order
It is our responsibility to keep our network up to date on all city, state, and federal mandates that affect the operation of your business. Over the weekend, several states…
The Families First Coronavirus Response Act: Requirements and Considerations
By Pamela Abbate-Dattilo, Emily S. Pontius and Erin M. Edgerton The Act provides that covered employers may exclude health care providers and emergency responders from taking emergency paid sick time and…
Tax Filing and Payment Deadlines
By Mark A. Thomson As ORBA reported, the Internal Revenue Service has postponed the tax filing and payment deadlines for calendar year taxpayers until July 15, 2020. Revised guidance has…
Chicago Hopes to Make Small Business Loans Quickly
Crain’s Chicago Business Chicago officials have already received a deluge of demand from small businesses interested in applying for loans of up to $50,000 from the city’s Small Business Resiliency…
Mayor Lightfoot – COVID-19 Address
COVID-19 State of the City Our Department of Public Health started tracking this virus when the first reports started coming from China in December, almost four months ago. As we…
Buying a Home in the Gig Economy: How to Beat Lenders’ Skepticism Without a Salary
By JOANNE CLEAVER CHICAGO TRIBUNE Often, aspiring entrepreneurs take on side hustles to learn the entrepreneurial ropes and gain enough income to achieve major financial milestones, including homeownership, said Lotika…
CDC Fact Sheet
The virus is thought to spread mainly from person-to-person. Between people who are in close contact with one another (within about 6 feet). Through respiratory droplets produced when an infected…