Supply chain issues are a tremendous concern for the small business community especially as the holiday season approaches.
“Small businesses are just having a tremendously difficult time getting the supplies that they need to run their business, and, of course, this is even more concerning with the holiday season approaching,” said Elliot Richardson, president of the Small Business Advocacy Council in Chicago.
He said the supply-chain problems are impacting all kinds of retailers.
“We heard a lot about it from restaurants. From folks who sell T-shirts. From embroidery businesses. You know, really, from businesses who are consumer-facing who need to serve food, get product out to their customers,” Richardson said.
Even business owners who don’t have physical storefronts but rely on imports to make their products here are having a tough time.
Small Business Advocacy Council's Elliot Richardson discusses this with WBEZ on both audio and in print here: https://bit.ly/3nOGzMX
Main Street Lending Proposal
SUMMARY The Federal Reserve established the Main Street Lending Program (the “Program“) to help aid small and medium-sized for-profit businesses and nonprofit organizations who were in sound financial condition before the onset of the COVID-19 pandemic and who were unable to get aid under any of the other COVID-19 related relief programs (e.g. under…
PPP Funding for Businesses and Non-Profits Webinar
WATCH: Congressman Brad Schneider from Illinois’ 10th district, Bo Steiner from the Small Business Administration, and Elliot Richardson President of the SBAC spend one hour answering questions about the second round of PPP relief. The SBAC is grateful to have had the chance to participate in this webinar on PPP Funding for Businesses and Non-Profits.…
What 2021 Could Mean for Small Businesses
January 20, 2021 By Elliot Richardson Small Business Advisory Council SBAC President Elliot Richardson’s column discusses the Business and Economic Outlook Forum hosted by the Daily Herald Business Ledger. The piece highlights the need for legislation that provides financial resources for small businesses to retrain and hire Illinoisans who have lost their jobs or businesses…