City of Berwyn issued the following announcement on April 10.
Rapid Relief Loans For Small Businesses, Gig Workers and Independent Contractors
Cook County’s Bureau of Economic Development has launched The Community Recovery Fund as part of the Community Recovery Initiative.
This loan fund offers one-time, zero-interest loans of up to $20,000 for small businesses and $10,000 for independent contractors in suburban Cook County. Loans will be administered by the Chicago Community Loan Fund and provided by a network of community lenders. Applications open in mid-April on a first-come, first-serve basis.
To apply, businesses and independent contractors in suburban Cook County must meet these requirements:
• Small Businesses
• Fewer than 25 employees
• Less than $3 million in revenue
• Gig Workers
• At least half of income from 1099 contract work
• Less than $100,000 in gross annual income
To learn more about the initiative and sign up for updates for when the application period opens, direct link to registration portal below (copy and paste entire link):
A webinar to learn more about How the Paycheck Protection Program Impacts Small Businesses in Cook County, will take place tomorrow, Wednesday April 8th, at 9:30am CDT.
Register at (copy and paste entire link): https://register.gotowebinar.com/register/2327011213033337867?fbclid=IwAR0RANI0ndcGpVWFPCMVaUgyS_s6s3zrtw03r148FZWMygqxjW6cE8JPSJQ
Original source can be found here.
Source: City of Berwyn
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