Bars, Restaurants Hopeful That Federal Restaurant Revitalization Fund Will Be Game-Changer As They Submit ApplicationsOn Monday, many restaurateurs were hoping a multibillion-dollar lifeline from the federal government will help those still barely hanging on.
Chicago Concert And Performance Venues, Many On The Brink, Hope Federal Relief Money Now Opening Up Will Be A LifelineA lifeline came Monday for Chicago’s iconic concert halls and performance venues that have been crushed by the pandemic for more than a year now.
Music Business Owner On The Hook For $36,000 She Can't Afford After Mixup With PPP Loan; I Feel That I Was Misled'A woman who took out a loan trying to save her small business during the pandemic now says that loan could cause her to shut down.
Small Businesses Have Until June 30 To Apply For Paycheck Protection Program Loans; $130 Billion Still AvailableThe Small Business Administration still has $130 billion left in the PPP fund, which was created to provide forgivable loans to help small businesses survive the COVID-19 pandemic.
With Paycheck Protection Program Out Of Funds, Small Business Owners Wonder What's NextStruggling small businesses in Chicago are banking on government loans to keep them afloat during the coronavirus shutdown. But one major federal resource – the Paycheck Protection Program – is now out of funds, and Congress is debating how to re-fund it.
Lawmakers Seek Disaster Aid For Businesses Damaged By Fairdale TornadoThe congressional delegation for Illinois is asking President Barack Obama to make a disaster declaration allowing small businesses to get loans in recovery from severe storms and tornadoes in northern Illinois in April.
Head Of Small Business Administration Announces Expansion Of Micro Loan Program In ChicagoThe head of the federal Small Business Administration is observing Martin Luther King Day is Chicago.