Hospitality Emergency Grant Program

The application period for the Hospitality Emergency Grant Program closed on April 1. This grant program supports the hospitality industry and is providing up to $25,000 to eligible bars and restaurants and up to $50,000 for eligible hotels. According to the Illinois Department of Commerce and Economic Opportunity, businesses will be notified on April 4th if they have received an award.

 Grant winners werer notifed on April 4.

Illinois Small Business Emergency Loan Fund

This $60 million fund will support low-interest loans of up to $50,000 for small businesses in every industry outside of Chicago.

DCEO and the Illinois Department of Financial and Professional Regulation (IDFPR) are partnering with Accion, the Illinois Bankers Association and the Community Bankers Association of Illinois to create this fund. Loans will be supported by a $30 million loan loss reserve, consisting of $20 million of DCEO funds and $10 million in funds secured with the partnership with the Illinois banking community.

Businesses with fewer than 50 employees 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 3% interest for the remainder of a five-year loan term.

Applications are available on DCEO's website.

Downstate Small Business Stabilization Program

This is a $20 million grant program for small businesses in downstate and rural counties across Illinois.

This $20 million grant program will support small businesses in rural and downstate counties across Illinois. It will provide grants of up to $25,000 to small businesses that employ 50 people or less and are located in communities that already qualify for Community Development Block Grants. With the exception of the Cities of Decatur and Springfield and Madison County, which are considered metro or urban areas, every community in the 48th Senate district is eligible. Only eligible units of local government can submit applications on behalf of small businesses. The grants will be offered on a rolling basis.

More information and application materials are available here.

COVID19 Updates


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Contact Me

Springfield Office:
119A Capitol Building
Springfield, IL 62706
Phone: (217) 782-0228

Decatur Office:
Macon County Office Building
141 S. Main St., Suite 502
Decatur, IL 62523
Phone: (217) 429-8110

Bunker Hill Office:
115 N. Washington, P.O. Box 636
Bunker Hill, IL 62014
Phone: (618) 585-4848