Big Win for Chicago Home Based Businesses
"This is a crucial time to support entrepreneurs with the dream of launching and growing their businesses in Chicago. This ordinance will unleash Chicagoans looking to build a business that will support local communities,” said SBAC co-founder and President Elliot Richardson. “We appreciate the support and leadership of Chairman Villegas in moving this ordinance forward. We are also thankful to the Aldermen and Alderwomen who sponsored the ordinance and those at the City who we worked with on home-based business reform."
Chicago Sun-Times: Chicago Relaxes Licensing Rules for Home-Based Businesses - Chicago Sun-Times (suntimes.com)
Block Club Chicago: Home-Based Businesses Would Face Less Red Tape Under City Proposal (blockclubchicago.org)
Media Advisory: More Room for Chicagoans to Grow Home Based Businesses
Support Small Business and Prevent Foreclosures
The COVID-19 pandemic continues to have a devastating impact on the small business community. Many small businesses are struggling to pay their employees and rent. Commercial property owners cannot pay their mortgage when their small business tenants cannot pay rent. Without swift action, small businesses will fail and foreclosures will skyrocket. Federal Legislation Needed The…
SBAC’s Elliot Richardson on WGN Radio
SBAC’s Elliot Richardson talks with Anna Davlantes on WGN Radio about the impact the pandemic has had on the small business community. There has never been a more important time to stand with small business than right now! Listen to the whole 8-minute interview here: Listen to the Interview Here
Restart Act
THE RESTART ACT The RESTART Act provides a new loan program to fund six (6) months of payroll and fixed operating expenses. Some, or the entirety of the loan, is eligible for forgiveness. The amount that is not forgiven is to be repaid over seven years with favorable interest rates. The loan is 100% guaranteed…
