Cook County Community Recovery Loan Fund Now Accepting Applications

Cook County has launched an initiative to provide economic relief to small businesses and independent contractors in response to COVID-19. Beginning today, the Community Recovery Loan Fund is accepting applications. The $10 million fund offers one-time, zero-interest loans up to $20,000 for small businesses and up to $10,000 for independent contractors. The fund is only available in Suburban Cook County. Application deadline is June 17, 2020
Who can apply?
Small Businesses  are eligible if they are: 
  • Employing 25 or fewer employees
  • Earning less than $3 million in annual revenue
  • Located in suburban Cook County, and
  • Revenues have decreased more than 25% as a result of COVID-19
Independent Contractors  are eligible if you are:
  • Making at least half of your yearly income in 1099 contract work 
  • Earning less than $100,000 annually 
  • Residing in suburban Cook County