Small Business Loans Available For Businesses Affected By Civil Unrest

Press release from the City of Peoria:

June 17, 2020

Please see the below message from Illinois DCEO. If you are the owner of a business that was impacted during the activity of May 31-June 2, we ask that you complete the form at the end of this post by June 22.

From Illinois DCEO: The civil unrest and events of recent days have placed enormous stress and grief on all of our communities across the country and in Illinois – with many of our businesses facing extensive damage where looting may have occurred. This arrives as our state faces the unprecedented challenges brought on by the ongoing COVID-19 pandemic. To help businesses who are facing these damages, DCEO is working with the U.S. Small Business Administration (SBA) who can provide targeted, low-interest loans to small businesses and nonprofits that have been severely impacted by civil unrest in counties who have received a disaster declaration through SBA.

To obtain these special business loans for businesses in our communities, SBA must first issue a disaster declaration. For counties to qualify, businesses must first document their damages from the protests and looting and share this information with SBA. To streamline this process, DCEO has created a form to assist businesses with reporting. This information will then be used to submit for a disaster declaration from SBA for impacted counties.Please note: The form is not an application for funding and information obtained will not be used for or against businesses should they decide to later submit an application for a loan through SBA. If your business was impacted by civil unrest in the past few weeks, please complete this form.

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