The state of Illinois announced its Back to Business grant designed to help small businesses who suffered revenue losses between 2019 and 2020 due to the COVID-19 pandemic. A total of $250 million in grants are available, ranging from $5,000 to $150,000. The eligibility for the program is very broad and most businesses with $20 million or less in annual revenue are qualified. The program also has set asides and priorities for certain hard hit business types like restaurants and hotels, smaller businesses (under $5 million in revenue), businesses in low-income census tracts, and businesses who were not helped by other programs like Paycheck Protection Program and Business Interruption Grant. The state’s application portal will be open to accept submissions starting on Wednesday, August 18. The last day for applications will be October 11. There is lots more information here including the eligibility rules (in Spanish here) and an FAQ (Spanish version coming soon).
We’ve created a network of Community Navigators in our region. Navigators are local nonprofit organizations trained to help you understand the rules of the B2B grant and help you apply. If you need assistance applying for this grant, click the button below to be connected with a Community Navigator near you.