Lake County Accepting Applications For Small Business Assistance

Press release from the Village of Buffalo Grove:

July 8, 2020

Starting July 7, 2020, Lake County small businesses can apply for the Small Business Assistance COVID-19 Grant Program. Businesses can apply online for up to $30,000 to cover up to four months of occupancy costs (rent, mortgage, utilities) as well as expenses incurred due to COVID-19 (new equipment, plexiglass, masks, sanitization services/materials, employee training, etc.).

Apply
The application is available in English and Spanish, and is located at lakecountyil.gov/forward.

The application period will be open for two weeks, with submissions accepted until July 20 at 11:59 p.m.

Eligibility
Small businesses in Lake County that meet the following criteria are eligible to apply for the program:

• For profit, incorporated business (e.g., LLC, S Corp, Partnership, Sole Proprietorship, etc.) - Independent contractors are currently not eligible
• In business prior to February 15, 2020
• Earn less than $2.5 million in annual revenue
• Must be able to document a significant negative business impact from COVID-19
• Preference will be given to businesses that have not received Federal Assistance (i.e., Paycheck Protection Program or Economic Injury Disaster Loan)

For further information as well as webinars, click here.

This press release was produced by the Village of Buffalo Grove. The views expressed here are the author's own.