Small Business Relief Grant Program: New Funding Available For Previously Ineligible Businesses

Press release from the Village of Lisle:

DuPage County in conjunction with Choose DuPage has announced the availability of $9 million in new funds for businesses, nonprofits and 1099 workers impacted by COVID-19. These new funds are for business expenses such as employee retention payroll, utilities, and rent.

IMPORTANT UPDATE

If you were previously ineligible for grant funds because you received other funds intended for this purpose (i.e. PPP, EIDL) you may be eligible now.

Qualification

• Small businesses and nonprofits with fewer than 15 full-time employees and less than $1.5 million in annual gross revenue may apply for a grant up to $15,000.
• Independent contractors with more than 50% of their annual gross income coming from 1099 work, and an annual gross income of less than $100,000 may apply for a grant up to $7,500.
• No member of the DuPage County Board or the Chairman, Choose DuPage Board, members of the grant decision committee, or the immediate family members thereof shall be eligible for this grant. If you have previously received funding from the DuPage County Small Business Relief program, you are not eligible.

Find Out If You Qualify

• Are you a business, nonprofit, or 1099 independent contractor located in DuPage County, Illinois?
• Were you in business as of February 15, 2020?
• Has your business been affected by COVID-19, making this grant request necessary to support your ongoing operations?
• If you are a small business or nonprofit, do you have less than 15 full-time employees, and less than $1.5 million in gross annual revenue?
• If you are a 1099 independent contractor, does at least 50% of your gross income come from 1099 work, and is your annual gross income less than $100,000?

If you answered YES to all of the above, you may now be eligible to receive a grant from this program.

Informational Webinar

For important insight about this round of grants Choose DuPage has posted an informational webinar about the Small Business Relief Grant Program. Click here to view the recording.

How to Apply

To apply for this program, you must complete an online application.

The application will ask for information about your business including how it is organized, years in business, number of employees, annual revenue/income, etc. You will need to provide a description of how your business has been impacted by COVID-19 including anticipated revenue decline or loss, the purpose of your loan request, and a detailed breakdown of how those funds will be used.

If your application has been recommended for additional review, you will also need to provide the following:

• Income statement for year ending in 2019 or 2018 (e.g. Form 1120, Form 1065, Form 1040)
• Proof of costs for which the funds are being requested (e.g. payroll records, rent or mortgage statements, utility bills)
• Secretary of State Certificate of Good Standing (for corporations)
• Proof of revenue decline
• W-9 Form

How it Works

Once your application and supporting documents have been submitted, it will be reviewed by a Choose DuPage committee. You will be notified via email if your application has been approved or denied or if additional information is required.

After receiving funds, you will be required to provide proof that the funds were used for their intended purpose.

Questions?

Contact Choose DuPage at reliefgrant@choosedupage.com. Please allow 2-3 business days for a reply.

Apply Today!

This press release was produced by the Village of Lisle. The views expressed here are the author’s own.