Online training available for small businesses impacted by coronavirus

All Illinois small businesses can now apply for low-interest disaster loans to help offset the economic impact of the coronavirus pandemic. The Illinois District Office will host this free webinar for Northbrook businesses:

• Eligibility
• Use of proceeds
• Terms
• Filing requirements
• Additional small business resources

Join the meeting from a PC, Mac, Linux, iOS or Android device:  Click here to Join
Have Zoom?  Use Northbrook Chamber Meeting ID:  842 462 219

Information you'll need to collect for your loan application

• The SBA's Economic Injury Disaster Loan program provides low-interest loans of up to $2 million to small businesses and private non-profits affected by the coronavirus pandemic.
• These working capital loans can be used to meet needs including payroll, accounts payable, and fixed debt payments until the situation improves. They have repayment options of up to 30 years.

• Here are the documents you'll need to provide to complete the application: 
  • SBA Form 5 or SBA Form 5C for sole proprietorships - SBA loan application 
  • IRS Form 4506T - Tax Information Authorization for the applicant, principals and affiliates
  • Complete copies of the most recent Federal Income Tax Return. 
  • SBA Form 2202 - Schedule of Liabilities
  • SBA Form 413 - Personal Financial Statement
  • SBA Form 1368<span style="font-size:11.5pt;font-family:" new="" roman""="" "times=""> - Monthly sales figures 
• We recommend you apply online, but preparing these documents ahead of time will streamline the process for you.

Apply now

Stay updated

Visit sba.gov/coronavirus for updates on the loan program, guidance for businesses and employers, and other SBA resources.