Illinois businesses, nonprofits land $22 billion in loans: The Small Business Administration still has about $130 billion available. It will be accepting applications through the end of the month.

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  • Author(s): Marek, Lynne (AUTHOR)
  • Source:
    Crain's Chicago Business. 6/15/2020, Vol. 43 Issue 24, p22-22. 1p.
  • Additional Information
    • Subject Terms:
      UNITED States. Small Business Administration. Office of Advocacy; SMALL business loans; GOVERNMENT aid to small business; COVID-19 pandemic; BUSINESS enterprises
    • Subject Terms:
      ILLINOIS
    • Abstract:
      Illinois businesses, nonprofits land $22 billion in loans: The Small Business Administration still has about $130 billion available. After the SBA-sponsored program was approved in late March, it was initially overwhelmed by demand and plagued by online snafus that slowed the disbursement of loans, and then the program ran out of money in about a month. Some businesses may find it easier to meet the requirements of a bigger loan amount now because of the recent passage of a follow-on law, the Paycheck Protection Program Flexibility Act, which makes it easier to qualify for forgiveness of the loans. [Extracted from the article]
    • Abstract:
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