Access the COVID-19 Impact on Southern Illinois Businesses report here.
Coronavirus (COVID-19) Small Business (SB) Resource Links/Referrals
SBA Economic Injury Disaster Loan – Low-interest federal disaster loans for small businesses impacted by COVID-19.
Paycheck Protection Program – The U.S. Small Business Administration (SBA) will provide loans through the Paycheck Protection Program to small businesses and non-profits. Portions of these loans will be forgiven to the extent that recipients maintain their existing workforce or rehire.
Small Business Debt Relief Program – The SBA will cover up to 6 months of principal and interest payments that are owed on most new and existing SBA loans.
SBA Express Bridge Loan - Loans of up to $25,000 are available for businesses that can't get credit elsewhere to support the reopening of the business.
Downstate Small Business Stabilization Program – To support small businesses in downstate and rural counties across Illinois, DCEO is repurposing $20 million in CDBG funds to stand up the Downstate Small Business Stabilization Program. This Fund will offer small businesses of up to 50 employees the opportunity to partner with their local governments to obtain grants of up to $25,000 in working capital. These grants will be offered on a rolling basis.
Illinois Small Business Emergency Loan Fund – DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) announced the Illinois Small Business Emergency Loan Fund to offer small businesses low interest loans of up to $50,000. Businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 will be eligible to apply. Successful applicants will owe nothing for six months and will then begin making fixed payments at a below market interest rate for the remainder of a five-year loan term. Application will open March 27, 2020.
Illinois State Treasurer’s Small Business Relief Program – The program is an impact investment loan program to assist Illinois small business and non-profits negatively affected by the COVID-19 pandemic.
Facebook Small Business Grants Program – Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses.
Federal CARES Act -The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now.
U.S. Rural Development Grants – This program is designed to provide technical assistance and training for small rural businesses. Small means that the business has fewer than 50 new workers and less than $1 million in gross revenue.
Illinois Department of Commerce & Economic Opportunity Covid-19 Emergency Resources for Businesses – PDF of available programs and Resources
Business Licenses – Illinois Department of Financial and Professional Regulation (IDFPR) Licensing (IDFPR) IDFPR is providing relief from professional licensing requirements, including extensions for licenses due March through July and waivers from certain continuing education requirements.
Tax Relief– The Illinois Department of Revenue has provided contact info for taxpayer resources while taxpayer assistance offices and phone lines are shut down. Penalties and interest for late payment of sales taxes owed from February through April will be waived for eating and drinking establishments that incurred a sales tax responsibility of less than $75,000 in CY2019.
Internal Revenue Service - The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus.
Unemployment Insurance – IDES has assembled FAQs about Unemployment Insurance and the COVID emergency:
- Self-employed business owners can apply for unemployment benefits starting 5/11.
- Workers laid off due to COVID qualify for UI so long as they are prepared to return to work.
- Workers sent home due to COVID illness or quarantine, or are caring for an affected family member, are also eligible for UI coverage.
- IDES is waiving the standard 1 week wait to be eligible for UI coverage.
Employee Retention Credit – Treasury Encourages Businesses Impacted by COVID-19 to Use Employee Retention Credit.
Illinois State Agency Resources
SBDC Office Update
Starting Wednesday, March 18, 2020, staff from the Illinois Small Business Development Center at SIU and the following SIU Research Park offices will be working remotely until further notice. SIU Research Park buildings will be closed to the public and accessible only to tenants and staff with key fob access.
Most services will still be available through alternate formats. For your convenience, see the list of office contacts below. Staff will be available by email and/or phone during regular business hours, Monday thru Friday, 8 a.m. – 4:30 p.m. Thank you for your interest in the programs and services of the SIU Research Park. We look forward to hearing from you and working with Southern Illinois--one business at a time.
The Illinois Small Business Development Center at SIU is still open and advising clients!
SIU Research Park and Business Incubator Tenants
Administrative Questions: Lynn Andersen Lindberg firstname.lastname@example.org (618-453-6754)
General Questions: Deb Barnett email@example.com (618-453-3849)
Facilities Questions or Requests: Amy Ortiz firstname.lastname@example.org (618-453-1495)
Business Office Questions: Lynn Harbert email@example.com (618-453-6752)
Illinois Procurement Technical Assistance Center at SIU
Office of Workforce Innovation and Research and Illinois Nurse Aide Testing
Tom Hovatter firstname.lastname@example.org (618-453-4367)
Illinois Manufacturing Excellence Center
Lori Amerman email@example.com (618-453-3829)
Helping Businesses in Southern Illinois Start, Grow and Succeed
The Illinois Small Business Development Center at Southern Illinois University provides no-cost, confidential, one-on-one business advising services, training opportunities and business resources for entrepreneurs in southern Illinois.
The Center's Certified Business Advisors assist business owners at every stage, whether they are starting, struggling, growing or selling. The advisors provide professional guidance for business growth by offering
Funded by the U.S. Small Business Administration (SBA), Illinois Department of Commerce and Economic Opportunity and Southern Illinois University, the Illinois Small Business Development Center at SIU has been a trusted resource to serve small businesses owners in southern Illinois since 1984.
Ready to see how the SBDC can help your business? Sign up to become a client to get started!
Starting a Business?
Have a great busineess idea but not sure what to do next? We offer business
Learn more about our
Growing a Business?
Growing a business can be challenging. Our advisors can provide
Learn more about our business growth
Buying or Selling a Business?
Interested in buying an existing business or selling the one you have? Our advisors can provide
Our team of professional advisors are not only advisors but also small business owners with diverse backgrounds and expertise in a variety of areas such as business planning, business financing, financial analysis, prototype development,
Impacts of the Illinois SBDC at SIU in 2019 included:
- Advising 358 clients
- Providing 2,251 hours of consulting
- Helping 31 entrepreneurs create new businesses
- Assisting 15 business expand
- Helping create 84 jobs and
- Loans and investments totalling $7,313,461
- Held 29 business workshops, training 433 participants
In addition to the business services of the Illinois SBDC at SIU, there is assistance to help businesses sell their products and services to the government through the Illinois Procurement Technical Assistance Center at SIU.
There is also assistance to assist businesses export their products and services throughout the world with the International Trade Centers in addition to all the Small Business Development Centers located throughout Illinois and the U.S. Find the nearest Center to you.
Whatever questions you have or business goals you want to achieve, the Illinois Small Business Development Center at SIU can help.