The City of Chicago recognizes that coronavirus disease (COVID-19) has put a difficult burden on our small business community. As a response to this challenge, the City established a $100 million Chicago Small Business Resiliency Fund, which is helping to provide small businesses with emergency cashflow during this immediate health crisis. Funds will be provided to eligible businesses as low-interest loans. Applications to the Chicago Small Business Resiliency Fund will close tomorrow, Friday, April 24.
The City of Chicago is committed to providing Resiliency Fund loans to businesses from every industry, background, and community area in the City. Applications will be reviewed on a first come first serve basis, however the City will set aside a portion of the loan pool to ensure an equitable distribution of loans.