Homer Glen in Phase 4
Restaurant Revitalization Funding Program
The U.S. Small Business Administration (SBA) is awarding funding through the Restaurant Revitalization Program to restaurants, bars, and other similar places of business (including bakeries) that serve food or drink to provide support to eligible entities that suffered revenue losses related to the COVID-19 pandemic. The Restaurant Revitalization Fund was established on March 11, 2021, with the passage of the American Rescue Plan Act.
Access the Program Guide as of April 20, 2021, here.
Access SBA’s webpage on the Restaurant Revitalization program here.
Emergency Resources for Businesses
The Illinois Department of Commerce & Economic Opportunity (DCEO) has compiled a list of emergency resources for small businesses throughout the state. To view the complete list of resources, click here.
Paycheck Protection Program
The U.S. Small Business Administration (SBA) ais offering PPP loans until May 31, 2021. The PPP is a loan designed to help businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. For more information, including eligibility, loan details, how to apply and more, please visit the SBA website and contact your lender.
NEW ComEd Small Business Customer Assistance Program
As of December 16, 2020, ComEd is accepting applications for assistance that would be applied to a business’ bill in 2021 if they meet all qualifications. The Small Business Assistance Program provides eligible small business customers with a one-time grant up to $2,000 toward a past due balance. Eligible customers may also place a remaining balance into a payment plan of up to six months.
To apply, call 1-877-426-6331
Click for More Information
Illinois Restaurant Association Restaurant Employee Relief Grant
The Illinois Restaurant Association has opened the Restaurant Employee Relief Fund, a program of the Illinois Restaurant Association Educational Foundation (IRAEF). This fund provides one-time grants of $500 to support restaurant employees facing an unforeseen hardship due to COVID-19. Grants will help to cover basic living expenses such as rent, food and utilities. This fund allows IRAEF to give back to the employees at the heart of the restaurant community. Employees may apply here.
0% Interest LOANS STILL AVAILABLE THROUGH THE VILLAGE OF HOMER GLEN
Partnering to Keep the Lights On
Funding is still available for the Village of Homer Glen COVID-19 Emergency Small Business Assistance Program. Mayor Yukich and the Village Board of Trustees proactively approved loan program for small businesses to Keep the Lights On at their March 25, 2020, meeting. Independently-owned businesses in Homer Glen are eligible to apply. Up to a $10,000 line of credit is available with loans offered at zero percent (0%) interest. The Village has approved $130,000 of loan assistance to date.
Click on the link below for the program details and application form.
Contact Economic Development Director Janie Patch at (708) 301-0632 or email@example.com with any questions.