Economic resources for Aurora businesses and employees affected by COVID-19

Information regularly updated to keep you up-to-date

NOTICE:
U.S. Small Business Administration

In less than 14 days, SBA has already processed more than 14 years worth of loan funds. Due to a lapse in appropriations, the SBA, by law cannot accept applications for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) until further notice. The SBA and U.S. Treasury continue to urge Congree to appropriate additional funds to these programs. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis.
Financial Relief Programs

Paycheck Protection Program

The U.S. Small Business Administration will forgive small business loans for qualifying businesses if loans are used to keep all employees on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
View Program

Debt
Relief Program

The U.S. Small Business Administration will automatically pay principal, interest and fee's of current 7(a), 504, and mircoloans for a period of 6 months. Including loans issued prior to September 27, 2020.
VIEW PROGRAM

SAVE
SMALL BUSINESS FUND

Due to overwhelming intersest, the fund has reached capacity and is no longer accepting new applications as of 4/21/20.

The U.S. Chamber of Commerce's "Save Small Business Fund" initiative provides eligible businesses $5,000 in supplemental funding.
PROGRAM CLOSED

COVID-19 RESPONSE
FUND

Aurora Downtown
Aurora Downtown is offering financial assistance to brick & mortar businesses located within Aurora's Special Service Area, One (SSA1). Business can apply for a grant up to $500 for intended use towards operating expenses.
VIEW PROGRAM

Illinois
Small Business Emergency Fund

The Illinois Dept. of Commerce and Economic Opportunity and Dept. of Financial and Professional Responsibility are offering IL. businesses low-interest, working capital loans up to $50,000
VIEW PROGRAM

COVID-19
GRANTMAKERS PROGRAM

Fox Valley Grantmakers
Community Foundation of the Fox River Valley has partnered with Aurora community organizations to provide Fox Valley Non-Profit organizations grant funding up to $20,000.
VIEW PROGRAM
You and your business are a vital part of the Aurora Community and our team is committed to being here now and throughout this unprecedented time to assist you with all questions or concerns you may have. 
If you have questions about, or need assistance in applying for COVID-19 relief  loans, please contact:
 
Loretta Daly, Economic Development Specialist
630.256.3163
 

Para asistencia en español con las solicitudes de subveciones y préstamos, llama:
Cámara de Comercio Hispana Regional de Aurora al: 331-442-1617

Small Business Owner's
Guide to CARES Act
The U.S. Senate Committee on Small Business Entrepreneurship has created a comprehensive guide to Congress' CARES Act financial initiatives. Download the guide for more information on: the Paycheck Protection Program, Small Business Debt Relief Program, and more.
DOWNLOAD GUIDE
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community resource partners
A catalyst for business development in the greater Aurora region. Learn how the Aurora Regional Chamber is advocating for and supporting your business during this pandemic.

Colleen Doyle, Membership Engagement
cdoyle@aurora-chamber.com
The ARHCC collaborates with state and local government, advocating for legislation critical to the continued economic development of Aurora’s Hispanic business community as well as sustained economic development throughout the Fox Valley.

Karina Garcia, President/CEO
info@ahcc-il.com

The QCAACC’s mission is to provide leadership for and enhance the environment of African American businesses to lead to a community of high performing, profitable African American businesses in Kane, Kendall, DuPage, and Will counties.

QCAACC Website

The WBDC – Aurora provides solutions to advance your business skills helping you grow, build capacity, and recover from unexpected obstacles.

Aisha McBurrows, Associate Director amcburrows@wbdc.org

The IL. SBDC at Waubonsee Community College’s Downtown Aurora Campus, offers small business owners workshops and free, one-on-one management, marketing, and financial coaching.

Harriet Parker, Executive Director
hparker@waubonsee.edu

Thrive Collaborative Center, a City of Aurora initiative, has compiled a searchable database of available resources and programs designed to provide relief to entities impacted by COVID-19.   View and search Thrive’s list of available programs for businesses, nonprofits, and community residents.

 

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