Economic Support

Sources for economic support


Your Part-Time Controller website has a lot of very detailed SBA Paycheck Protection Program (PPP) information: Website

City of Chicago Small Business Navigators information resources


Grants application closes May 30, 2021 at 11:59pm.

Many of our small businesses and organizations are still feeling the devastating effects of COVID-19. Grants available up to $25,000.

  • Must be a registered business/corporation
  • Provide services or products that have a positive impact in the community
  • Revenue cap of $1M, in business more than 2 years

Apply HERE

For any questions or concerns, please email

Restaurant Revitalization Fund (RRF):

6/6/21 update: The SBA has received about $75 billion in applications during the program’s application window for about $28.6 million in funding from more than 362,000 applications. Recently, the SBA said it had already approved nearly 38,000 applicants for more than $6 billion. But small business groups and lawmakers have been pushing for more funding for the program

CBS NEWS May 5th: Application period opened noon on Monday. First 48 hours, 186,200 restaurants signed up (1 in 3 independent restaurants and bars). 97,600 that were in the “21 day Priority” category. 61,700 had less than $500,000 in 2019 sales. Whitehouse expects restaurants to start seeing funds in 14 days.

If you have successfully submitted your application here is what is next:

  1. As outlined by Congress, the SBA will focus their reviews on the priority applications that have been submitted. Applicants who have submitted a non-priority application will find their applications remain in a Review status while the priority applications are processed during the first 21 days. Applicants in this status should not anticipate any outreach from the SBA during this period. 
  2. Following a successful application submission, all applications will first enter a stage called “IRS verification”. This process may take up to seven days and allows the SBA to validate your application submission.

SBA Restaurant Revitalization Fund (RRF), Opened Monday, May 3rd 2021

SBA RRF helpline 844-279-8898 

We encourage all operators to apply as soon as the application is live, as there will likely not be enough funds to fulfill every application with the current round of funding. First come, first served.

The March 11th American Rescue Plan Act created a $28.6 billion Restaurant Revitalization Fund (RRF) to provide grants (not loans) to restaurants sustaining financial losses due to the pandemic.

Places of business with the purpose of serving food or drink: restaurants, caterers, bar, lounge, tavern. Bakeries, etc.  qualify.

Unlike PPP loans (which are forgivable if you meet certain conditions), RRF grants are just that, grants. If you use them inappropriately, they can convert to loans, so you need to be careful. However, the anticipation is that in most circumstances, this is basically free, non-taxable  funding to help you get back on your feet. 

Whereas the PPP loans need to primarily support your payroll, an RRF can also cover mortgage/rent payments, utilities, outdoor seating expenses, maintenance, supplies, and more. Eligible expenses should be incurred between February 15th, 2020 and March 11, 2023.

How much could you receive? Grants are calculated with the following formula. 

2019 gross receipts – 2020 gross receipts – value of PPP loans received = estimated RRF grant

So, if you had gross receipts of $750K in 2019, $400K in 2020, and got $125K in PPP loans, you would be able to get $225K from the RRF.   $750,000 – $400,000 – $125,000 = $225,000

They are looking for your food and beverage sales. EIDL, other grants and loans are not considered gross receipts. If your delivery receipts from Grubhub and others do not run through your POS then you’ll have to add those to your POS receipts.

What do you need:

  1. Preferred  2019 tax return and 2020 tax returns, gross receipts  
  2. Or printout from your POS showing your gross receipts for 2019 & 2020
  3. Or POS merchant reports IRS 1099-K
  4. Or Prepared financial statements signed, dated and certified as to accuracy by applicant (may delay review of 14 days)
  5. Restaurant bank statements  (the last three months)
  6. PPP loan amounts (SBA should have this in their system)

Important Dates:

Monday May 3rd 11:00amCST/NoonEST

Open to take applications – first come, first served.

POS options:

If you use Square POS or Toast POS  you can register and submit through them, you do not need to submit through the SBA website

If you have Clover POS. On Friday, Clover will email “Gross Receipt Information”, a link to retrieve a PDF of your 2019&2020 gross receipts. Because you are using these partner certified receipts your application will be expedited. You can also do this on your own from your Clover station, but it won’t be certified.  Clover keeps 6 months of sales data locally on your account. Sales data older than six months requires Clover to email you the data. This typically takes a day or two. Potentially with everyone in the country trying to do the same thing, it may take a week to receive the receipts data. We recommend running your 2019/2020 sales reports ASAP to get ahead of the crowd.

3rd Party online menu and delivery platforms (Grubhub, Uber Eats, Door Dash, etc.) if your restaurant does not enter these delivery tickets into your POS, you’ll need to add these delivery receipts to your total gross receipts to be all inclusive. These platforms much like Clover, have been sending restaurants links to down load gross receipts information. Check you inboxes.

Special 21 day period for Vets, Women owned, and Socially & Economically Disadvantaged small businesses (Chicago’s South Side). For the first 21 days of the application period only applications in these categories will be funded.

More details on the SBA website HERE

RRF knowledge base support documentation

SBA RRF helpline 844-279-8898 

National Restaurant Association (NRA) FAQs

Both replays are good:

SBA RRF webinar playback  Click here

SBA RRF Application instructions playback  HERE   sign in anonymous


Clover RRF information link HERE

SBA – Economic Injury Disaster Loan Assistance (EIDL)

SBA is accepting EIDL applications

6/6/21 Update The SBA said in late May that it still has $263 billion in loan program authority remaining. As of May 27, the agency had approved about 3.8 million loans for about $209 billion total. The agency has, in recent months, raised the loan limit to $500,000 — or about 24 months of working capital — for both new loans and existing loans, allowing small businesses to retroactively apply for more money. 

Economic Injury Disaster Loan Assistance(EIDL) Businesses can apply for up to $25,000 unsecured, over $25,000 up to $2 million is secured. Interest rate of 3.75% (non-profits 2.75%) up to 30 years. Upon request SBA can provide up to a $10,000 advance on the EIDL loan. Available to you in a matter of days. Requests are processed in the order they are received so don’t delay. If you applied before 3/31/20 then you need to reapply if you want the $10,000 advance .

  • Register here using your home address and SS# Register

SBA disaster assistance customer service center at 1-800-659-2955 (super helpful and available) or email- In Illinois For business inquiries: 1-800-252-2923 or

Paycheck Protection Program (PPP) closes May 31st – limited access to funding

SBA is currently offering PPP loans originated only by participating community financial institutions including Certified Development Companies (CDCs), SBA Microlenders, Community Development Financial Institutions (CDFIs), and Minority Depository Institutions (MDIs) until May 31, 2021 or until remaining funds are exhausted. Please note that not all community financial institutions are participating in PPP.

1. Find an eligible lender that is participating in PPP:

SBA.Gov link to more information

Coronavirus Aid, Relief & Economic Security (“CARES”) Act Forgivable Loans to businesses through a $349 billion lending facility attached to the existing 7(a) loan program of the Small Business Administration (“SBA”) referred to as the Paycheck Protection Program (the “PPP”). Apply at your local bank.

As a reminder, the United States Small Business Administration (SBA) Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses to keep their workers on payroll. PPP Loans can be used to help fund payroll costs, including benefits, and may also be used to pay for mortgage interest, rent, utilities, worker protection costs related to COVID-19, and certain supplier costs and expenses for operations. PPP allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan. The SBA will forgive loans if all employee retention criteria are met, and the funds are used for eligible expenses.

To build on the success of the PPP, the SBA has announced several reforms to further target the PPP to the smallest businesses and those that have been left behind in previous relief efforts:

  • Instituting a 14-day period, starting at 8:00 a.m. CST on Wednesday, February 24, 2021 until 4:00 p.m. CST on Friday, March 9, 2021, during which only businesses with fewer than 20 employees can apply for relief through the Program.
  • Helping sole proprietors, independent contractors, and self-employed individuals receive more financial support. These types of businesses, which include home repair contractors, beauticians, and small independent retailers, make up a significant majority of all businesses.
  • Eliminating an exclusionary restriction that prevents small business owners with prior non-fraud felony convictions from obtaining relief through the Program.
  • Eliminating an exclusionary restriction that prevents small business owners who are delinquent on their federal student loans from obtaining relief through the Program. 
  • Ensuring access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Numbers (ITINs) to apply for relief. 

These reforms ensure that small businesses can access much needed PPP funds to persevere through the pandemic, recover, and build back better. These efforts are meant to reach minority-owned and very small businesses that may have previously missed out on accessing loans to help weather the coronavirus pandemic.

The Paycheck Protection Program remains open for First and Second Draw PPP loans until March 31, 2021.

As a reminder, businesses apply for Paycheck Protection Program loans through a bank, credit union, CDFI or other lenders. Use the SBA Lender-Match tool to get matched to potential PPP & other lenders offering SBA-backed funding.

To learn more about the PPP, please visit these links:


For more details:

Additional SBA PPP webinars HERE

SBA PPP website SBA complete Info

Neighborhood Opportunity Fund (NOF) tentatively to open March 8th, closing April 9th. NOF website

The next round of Neighborhood Opportunity Fund (NOF) opens soon. Up to $250,000 in grants. Successful applicants from previous rounds had site control, bids, complete business plans – lots of pre-work. Very competitive, 1,000 inquires, 325 full applicants, 32 finalist.

August 27th NOF Info Session REPLAY

Complete details on the NOF Website INFO

NOF contact at the City HERE

Neighborhood Opportunity Fund (NOF) Large Grants ($>250,000) are now open. Rolling application, no deadline. NOF website

Fiserv Back2Business Grants for Small Business Program up to $10,000 Deadline Feb 26th

Stephanie Hart of Brown Sugar Bakery recieved the first grant of the Verizon small business grant program: VIEW

Facebook Small Business Grant program

Up to 30,000 eligible small businesses in more than 30 countries where we operate will be able to receive the grant. To be eligible to apply, your business must:

  • Have between 2 and 50 employees
  • Have been in business for over a year
  • Have experienced challenges from COVID-19

Facebook Small Business Grant program Opens for Chicago, Cook County Apply Here

+ GoFundMe Small Business Relief Initiative The Small Business Relief Initiative was started by GoFundMe to help small businesses that have been affected by the COVID-19 pandemic and empower their communities to rally behind them. Supporters can donate to the Small Business Relief Fund, which will issue $500 matching grants to qualifying businesses that raise at least $500 on GoFundMe. Learn more.

+ As part of our commitment to supporting small businesses, we are creating Salesforce Care Small Business Grants. We will soon be offering $10,000 grants to U.S. small businesses to provide capital to help them weather this crisis. Sign up to be notified when this opens

+ Illinois Deprtment of Revnue ST-1 sales tax The Illinois Department of Revenue is waiving, for two months, all penalties and interest that would be imposed on late payments by registered Illinois retailers operating small eating and drinking establishments for sales tax liabilities that are due for the February, March, and April 2020 reporting periods.  Eligible taxpayers are those operating eating and drinking establishments that incurred a total sales tax liability of less than $75,000 in the 2019 calendar year

Employees Worker Portal

  • To support out-of-work hospitality workers, the City has partnered with The Chicago Cook Workforce Partnership to launch, a portal that hospitality workers who have lost their jobs can use to access a network of employment resources through The Partnership.
  • IRAEF Restaurant Employee Relief Fund: Goes Live Monday October 19th The Restaurant Employee Relief Fund will provide one-time grants of $500 to support restaurant employees facing an unforeseen hardship due to COVID-19. Diagnosed with COVID or out of work for three weeks or more without unemployment benefits.  Apply HERE.