SMALL BUSINESS RELIEF
A program to support DuPage County small businesses and independent contractors impacted by COVID-19.
In an effort to assist small businesses and independent contractors impacted by COVID-19, DuPage County in conjunction with Choose DuPage is providing grants to use for employee retention payroll, utilities, and rent.
Small businesses with fewer than 15 full-time employees and less than $1.5 million in annual revenue may apply for a grant up to $15,000.
Independent contractors with more than 50% of their annual income coming from 1099 work, and an annual income of less than $100,000 may apply for a grant up to $7,500.
Businesses and contractors that have received other funds intended for this purpose (i.e. PPP, EIDL) are not eligible. Additionally, no member of the DuPage County Board or the Chairman, Choose DuPage Board, members of the grant decision committee, or the immediate family members thereof shall be eligible for this grant.
TO FIND OUT IF YOU QUALIFY, ANSWER THESE QUESTIONS:
- Are you a business or 1099 independent contractor located in DuPage County, Illinois?
- Were you in business as of February 15, 2020?
- Has your business been affected by COVID-19, making this grant request necessary to support your ongoing operations?
- If you are a small business, do you have less than 15 full-time employees, and less than $1.5 million in annual revenue?
- If you are a 1099 independent contractor, does at least 50% of your income come from 1099 work, and is your annual income less than $100,000?
If you answered YES to all of the above, you could be eligible to receive a grant from this program. Note: you are not eligible if you have received other funds intended for this purpose (i.e. PPP, EIDL).
Join us for an informational webinar on Friday, May 15 at 11:00AM CST for more information and details on how to apply. Click here to register.
HOW TO APPLY
To apply for this program, you must complete an online application. Applications will open on Monday, May 18, 2020 at 9:00AM CST. Visit this webpage to stay updated, and to apply.
The application will ask for information about your business including years in business, number of employees, annual revenue/income, etc. You will need to provide a description of how your business has been impacted by COVID-19, the purpose of your loan request, and a detailed breakdown of how those funds will be used.
If your application is approved, you will also need to provide an income statement, proof of costs for which the funds are being requested, and Secretary of State Certificate of Good Standing (for corporate entities).
HOW IT WORKS
Once we have received your application, it will be reviewed by a committee. You will be notified via email if your application has been approved or denied. If your application has been conditionally approved, you will receive instructions on any additional information or documentation needed, as well as how funds will be dispersed.
After receiving funds, you will be required to provide proof that the funds were used for their intended purpose.
Contact Choose DuPage at email@example.com. Please allow 2-3 business days for a reply.