Client Alert: City of Chicago Has Established $100 Million “Chicago Small Business Resiliency Fund” To Offer Assistance Loans to Eligible Local Businesses Affected by Coronavirus (COVID-19)

The outbreak of the coronavirus (COVID-19) has forced many local Chicago businesses to close their doors for an indeterminate amount of time, leaving owners wondering how they are going to deal with the loss of revenue and, in some cases, even how to survive. To help alleviate the adverse financial effects of this forced closure, the City of Chicago has established a new fund, under the name “Chicago Small Business Resiliency Fund,” which will offer low, and we believe in some cases no, interest loans for working capital to eligible Chicago businesses.  This Alert, written by Anthony Zeoli, details how to apply for the fund.

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