Small Business Resources
SBA and Treasury PPP Loan Forgiveness Application
SBA and Treasury Release PPP Loan Forgiveness News Release: Click here
PPP Loan Forgiveness Application: Click here
Treasury Issues "Certification Safe Harbor" for PPP Loans Under $2 M
Great news for the small-business community:! The Treasury announced today that PPP borrowers with less than $2 million in loans are automatically deemed to have made the financial-necessity certification on the loan application in good faith. Treasury also somewhat softened its rhetoric towards those businesses that have borrowed more than $2 million, noting that while they will not automatically be deemed to have made the certification like the under $2m loans, they can show an “adequate basis” for making the certification under prior SBA guidance based on their individual facts and circumstances. The announcements were issued via FAQ No. 46 read more.
Small Business Owners Guide to CARES Act
Information of how small businesses can take advantage of the CARES Act if fluid. Contact your financial institution for the most accurate and up-to-date information. When final rules, checklists, and other documents have been finalized, we will share them here.
SBA COVID-19 Resources
Filtered Small Business Resources
The U.S. Small Business Administration, Illinois Small Business Development Center, and your local Chambers of Commerce are sharing lots of valuable information: updates, resources, tools, and tips for getting through this crisis.
Free Consulting from the Small Business Development Center
While your banker should be one of your first contacts when considering what to apply for and how to do it, remember that the Small Business Development Center is here to help too! DeKalb County is serviced by the office out of Waubonsee Community College.
Please complete your client profile by clicking here. Quick and Easy!