Village of Hanover Park Assistance

To assist our small businesses during these extraordinary times, the Village of Hanover Park has created a COVID-19 business assistance Program to help our small independent retail and service businesses.  

Visit the village website to learn about the Village marketing grant to help small businesses build an on-line presence and free logo branded signage to let the community know you are now open.

State of Illinois

Phase 4 Re-Opening Guidelines

To ensure businesses can reopen safely, the state released a common set of standards expected of all employers, while also outlining industry-specific guidelines using a risk-based approach to support unique operational needs of businesses across the state.  Restaurant guidelines are here.  A Phase 4 overview is found here.

Business Interruption Grants Program (BIG) opens on Friday, June 26, 2020 

• Bars and Restaurants not able to offer outside service (grants up to $20,000)
• Barbershops and Salons (grants of $10,000)
• Gyms and Fitness Centers (grants of $20,000) 

• To view a copy of the application, please click here.
• To view complete eligibility criteria, please click here. 
• If you use an ITIN for your business, you will be able to apply as along as you use that ITIN to pay your taxes and are registered with the Secretary of State with that ITIN number for your business. 

Presentación En Español:

• Monday, June 29, 2020 (English) – Phase 4 Guidelines – Latinx businesses: 3:00 p.m. – 4:00 p.m. (CDT), please register HERE 
• Wednesday, July 1, 2020 (Spanish) – Phase 4 Guidelines – Latinx businesses: 11:00 a.m. – 12:00 p.m. (CDT), please register HERE

• Friday, June 26, 2020 (Spanish) – Business Interruption Grants Program (BIG) webinar – Latinx businesses: 9:00 a.m. – 10:00 a.m. (CDT), please register HERE
• Monday, June 29, 2020 (English) – Business Interruption Grants Program (BIG) webinar – Latinx businesses: 6:00 p.m. – 7:00 p.m. (CDT), please register HERE

Cómo Preparse Para El Perdón De Préstamo PPP

Juneves 25 de Junio / 10:00 AM

Únase para aprender cómo preparse para el perdón del préstamo PPP y la solicitud nueva del perdón del préstamo, incluyendo:

• Ofrecer un resumen del proceso de Perdón de Préstamo PPP
• Ofrecer infromación acualizada sobre fondos disponibles por parte de PPP y plazo para aplicar
• Panel de preguntas y respuetas

Date:           Thursday, June 25, 2020
Time:           10:00 AM
Language:  Spanish
                    Regístres para la Presentación aquí

The SBA Programs Reopened 

Payment Protection Program (still taking applications until June 30, 2020)

• If you are interested in applying, we suggest you apply now before June 30, 2020. You can find more information about PPP here. The SBA has a lender finder to help you know which lenders can accept PPP applications, please visit here.

• SBA statement about changes to the forgiveness program, please visit here. For example, one of the changes was lowering the amount to be used for payroll from 75% to 60%.

Economic Injury Disaster Loan (EIDL) & Advance (OPEN again)

• If you are interested in applying or getting more information please visit here. The loan interest for businesses is at 3.75% and for nonprofits it is 2.75% with terms of up to 30 years. You apply directly with SBA. 

SBA Lender Match Program is Live again

• SBA’s Lender Match is an additional resource for pandemic-affected small businesses who have not applied for or received an approved PPP loan to connect with lenders.  Lender Match is a free online tool that connects small businesses with SBA-approved Community Development Financial Institutions (CDFIs) and small lenders.  Do not use if you are looking for disaster loans.

  ---

BACC Webinars on PPP Forgiveness and State BIG Grants

PPP Forgiveness Webinar on June 25, 2020

The SBA has issued updated forgiveness applications and guidance. This webinar will address updates, provide examples for FTE, forgiveness computations, and address planning to maximize forgiveness. Presented by Mark "Coach" Mirsky, ROI Business Services.

Webinar on two new State of Illinois Covid-19 Assistance Programs

Join the Bartlett Area Chamber of Commerce on Friday Jun 26, 2020 at 10:00 AM  for a multi-chamber webinar with Joseph P. McKeown III of the Department of Commerce &  Economic Opportunity, to learn about two additional programs the State has announced to support businesses impacted by the COVID-19 Shelter-in-Place Order:  Business Interruption (BIG) grants and the Distressed Capital Program.

Date:             June 26, 2020
Time:            10:00 AM – 11:00 AM
Location:      ZOOM Webinar Register in advance
More info:      mary@bartlettareachamber.com
                      No charge for chamber members

NWHCC July 1, 2020 Cafecito - Speed Networking

Are you ready to meet new friends and say "hi" to some old? Expanding your network is a must in business world. We have been in isolation for far too long!  It's time to meet new people, expand your network, and grow your business!

Join the Northwest Hispanic Chamber of Commerce tor the July 1, 2020 at 9:00 AM for a Virtual “El Cafecito!”  You must register for this event.
 
Date:            July 1, 2020
Time:            9:00 AM – 10:30 AM
Location:     ZOOM Webinar Register in advance
More Info:     nwhcc.info@gmail.com

Village of Hanover Park Town Hall Recordings now Available

• Economic Development Committee’s May 12, 2020 BEST session on marketing - Avoiding Marketing Mistakes
• Village’s May 27, 2020 Virtual Town Hall Meeting on the Village Assistance Program
• Village’s June 18, 2020 Conversation with the Cook County Assessor regarding commercial property taxes

  ---