Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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Illinois
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 24, 2020.
For more up-to-date information on the relief programs available in Illinois, we recommend that you visit the state's Coronavirus (COVID-19) Response portal.
Description of Program and Relief
Low Rate Business Loans for Small Businesses through Business Invest
Description of Program and Relief
Through the Business Invest program, the Illinois State Treasurer has made up to $500 million in deposits available to banks and credit unions throughout Illinois, at near-zero rates, to provide loans to Illinois small businesses and non-profits affected by the COVID-19 pandemic. The loans will either be lower rate loans, or loans to businesses and non-profits that would not otherwise qualify, and may be used to provide bridge funding, or to pay fixed debts, payroll, accounts payable, and other bills.
Government or Lead Agency
Illinois State Treasurer
Dates Available
Available now
Eligibility Requirements/Restrictions
Application Deadlines (If Applicable)
N/A
Contact for More Information
217-558-6217
List of Additional Information
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.