President Biden Signs PPP Extention Act
Attention Small Business Owners: President Biden just signed the PPP Extension Act of 2021 which extends the Paycheck Protection Program an additional two months until May 31st. The Act also provides an additional 30-days for the SBA to process pending applications.
Administrator Isabella Casillas Guzman, head of the U.S. Small Business Administration, states: “More than 8.2 million PPP loans have provided struggling small businesses with the relief they need to keep workers employed and make ends meets during this pandemic. The SBA remains dedicated to reaching the heart and soul of the nation’s urban, rural, and low-income communities – the smallest businesses – and removing barriers to access this vital relief.”
You now have until May 31st to apply for your first or second round of PPP funding. For more information, see the SBA’s full release here.
Chicago Small Business Package: Eliminate Barriers & Streamline Processes
SBAC INSIGHTS PAGE Find and Contact Your Elected Officials HERE! Fact Sheets & Resources Expand Download Quick Fact Sheet Download PDF Fact Sheet in Spanish Fact Sheet in Polish Fact Sheet in Arabic Fact Sheet in Chinese Fact Sheet in Vietnamese Endorsed By: Alderman Anthony Beale Alderman Felix Cardona Alderman Peter Chico Alderman Angela Clay…
FAQs: Credit for Wages Paid to Returning Citizens
SBAC INSIGHTS PAGE Download DECK for Cedit for Wages for Returning Citizens (PDF) What is a Returning Citizen as defined in Tax Year 2025 and beyond? A Returning Citizen is someone who has been convicted of a crime in Illinois or an offense in any other jurisdiction, not including any offense or attempted offense that…
Small Business Grants in Illinois
Financial Growth Opportunities Running a business is hard and small business owners often do not have time to navigate grants, tax credits, and other funding opportunities. We are excited to help. While we cannot cover everything, we will do our best to keep you current on economic incentives that may be available for your business…
