News Flash

City of Elmhurst News

Posted on: March 18, 2020

COVID-19 Business Impacts, Relief, & Resources

COVID19 Business Impacts Relief Resources

The coronavirus (COVID-19) crisis creates unique challenges for our local business community. The City of Elmhurst remains actively engaged in serving the needs of our business community through this crisis and is committed to assisting and connecting businesses with the resources they need during this unprecedented time. We will continue to update this page as new information becomes available. We also encourage local business owners/operators and residents to follow information being shared on the State of IL’s new dedicated Coronavirus Response Site. We have put together a list of Q&A’s for businesses related to COVID-19 based on information coming from our partners in economic development at the County, State, and Federal level and industry resources. Questions related to specific programs offered by our partners should be directed to those organizations.

Illinois Moves to Phase 5 June 11th

Phase 5 of the Restore Illinois plan will go into effect on Friday, June 11, 2021 - marking a full reopening of all businesses and activities. Under Phase 5, all sectors of the economy may resume regular capacity. Phase 5 also marks the return of traditional conventions, festivals, and large events without capacity restrictions. Large gatherings of all sizes can resume across all industry settings, and Phase 5 removes requirements that businesses institute mandatory social distancing in seated venues as well as daily health screenings of employees and visitors. Businesses and venues should continue to allow for social distancing to the extent possible, especially indoors. Businesses and venues may also continue to put in place additional public health mitigations as they deem appropriate, including requiring face coverings.

State of Illinois Phase 5 Guidance

Elmhurst Applications for Outdoor Business Operations for 2021

Outdoor Dining Operations Temporary Use Permit Application

Outdoor Fitness Classes Temporary Use Permit Application

The Elmhurst City Council approved extended & expanded outdoor dining and fitness opportunities for the local business community again in 2021. Businesses with specific questions on outdoor business expansion are encouraged to email Business Development Coordinator Erin Jason at erin.jason@elmhurst.org

DuPage County Reinvest DuPage Grant Opportunity - Opens June 28, 2021

To assist those impacted by COVID-19, DuPage County, in conjunction with Choose DuPage, is providing grants to eligible businesses, nonprofits and 1099 workers to use for business expenses such as payroll, utilities, and rent. The program is funded at $15-million. 

Small businesses and nonprofits with annual gross revenue of less than $20 million may apply for a grant up to $50,000. 

Independent contractors with annual gross income of less than $250,000, AND more than 50% of their annual gross income coming from 1099 work, may apply for a grant up to $15,000.

Applications will be accepted online beginning Monday, June 28, 2021 at 9:00 AM CST. 

Read eligibility guidelines at link below and contact reliefgrant@choosedupage.com for more info. 

Application & Eligibility Requirements: https://www.choosedupage.com/reinvest-dupage/

Please note - Even if you have received grant dollars from DuPage previously you may still qualify for additional assistance. Any amount of forgivable Covid relief funds you received from other sources must be reported on your application and will be considered revenue and used to determine revenue decline including but not limited to previous receipt of Covid relief funds from the DuPage County Small Business Relief Grant program or other sources be taken into consideration (e.g., PPP, EIDL, BIG).

Onsite Vaccination Clinic Opportunity

The DuPage County Health Department is looking to partner with local businesses to bring COVID19 vaccine clinics closer to individuals who have not yet been vaccinated. These smaller, no-cost, COVID19 vaccination clinics can administer a scalable number of vaccines depending on demand, for 10-200 individuals. To request a COVID19 vaccination clinic at your location please complete the Onsite/Mobile Clinic Request Form.

What business assistance is available through the Third Federal Stimulus Package?

On March 12, 2021 President Biden signed the American Rescue Plan Act of 2021 into law. The Act designated an additional $1.9 trillion in economic relief, approximately $65-billion of which is directed towards businesses. The American Rescue Plan Act provides additional relief for the nation’s small businesses and hard-hit industries for programs the SBA is currently administering and adds new efforts, including:

 The nearly $65-billion business assistance package contains many top priorities, including: 

  • $7.25 billion additional for the Paycheck Protection Program, including to expand eligibility to additional nonprofits and digital news services
  • Additional funds are allocated for the Shuttered Venue Operators Grant program, and now allows businesses to apply for both a PPP loan after Dec. 27, 2020, and the SVOG
  • $15 billion additional for Targeted Economic Injury Disaster Loan Advance (EIDL) payments, including NEW $5 billion for Supplemental Targeted EIDL Advance payments for those hardest hit
  • NEW: $28.6 billion for the Restaurant Revitalization Fund for industry-focused grants. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. Applications opened on Monday, May 3, 2021, at 12 noon EDT and close on Monday, May 24 at 7:00pm EDT. The online application will remain open to any eligible establishment until all funds are exhausted. Restaurant Revitalization Fund Application ** For the first 21 days that the program was open, the SBA prioritized funding applications from businesses owned and controlled by women, veterans, and socially and economically disadvantaged individuals. All eligible applicants are encouraged to submit applications as soon as the portal opens. Following the 21 days, all eligible applications will be funded on a first-come, first-served basis.
  • NEW: $100 million to establish a Community Navigator pilot program; grants will go to eligible organizations supporting efforts to improve access to COVID–19 pandemic assistance programs and resources.  

SBA’s current relief efforts can be found at www.sba.gov/coronavirusrelief, and more details about these program updates and new efforts the SBA will administer in the coming weeks.

All SBA disaster loans made in calendar year 2020, including COVID-19 Economic Injury Disaster Loans (EIDL), will have a first payment due date extended from 12-months to 24-months from the date of the note. All SBA disaster loans made in calendar year 2021, including COVID-19 EIDL, will have a first payment due date extended from 12-months to 18-months from the date of the note.

Paycheck Protection Program Loans (PPP): Open January 11 - March 31, 2021

The Coronavirus Aid, Relief, and Economic Security (CARES) Act originally allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn; an additional $320 billion in funds were added to the program through the H.R. 266, Paycheck Protection Program and Health Care Enhancement Act on April 24, 2020, another approximately $284 billion was added in the Second Federal Stimulus Package signed 12/27/2020, and an additional $7.25 billion was added March 12, 2021 in the American Rescue Plan Act. Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses.

General Information:  The PPP program is designed to help small businesses maintain payroll in light of the COVID-19 pandemic. Eligible businesses who enroll in the program will receive a forgivable loan to use for payroll purposes, in addition to helping pay for utilities, rent, mortgage interest payments, and more. New loans are capped at $2 million, compared to $10 million before. Applicants must have no more than 300 employees, instead of up to 500, and the business can show a 25% gross revenue decline in any 2020 quarter compared with the same quarter in 2019.The bill expands the type of covered expenses to include things like cloud computing or remote-work software; and equipment for government-mandated sanitation and social-distancing, like sneeze guards or air filtration systems.

These are called “second draw” loans, applicants who meet the qualifications above, can apply even if they previously received assistance through the CARES Act PPP Program. Details are included in the links below.  

  • Key Dates: The SBA resumed acceptance of PPP applications on January 11, 2021. Visit the SBA Website for PPP Application Information for more details. The portal will initially accept First Draw PPP loan applications from participating CFIs, which include Community Development Financial Institutions, Minority Depository Institutions, Certified Development Companies, and Microloan Intermediaries.
  • Lender Information: PPP loans will be 100% federally guaranteed but handled by SBA-certified lenders. Lending institutions that are not currently SBA-certified but want to participate should email DelegatedAuthority@sba.gov.
  • Application Information: The deadline for  the latest round of applications for a PPP Loan was March 31, 2021.

            Application for PPP First Draw Borrower             Overview of First Draw PPP

            Application for PPP Second Draw Borrower        Overview of Second Draw PPP

  • PPP Loan Forgiveness: The Small Business Administration (SBA) has released the Paycheck Protection Program’s loan forgiveness application. This application must be completed in order for the lender to determine the amount of the loan that is to be forgiven. In consultation with the U.S. Department of the Treasury, the SBA has posted a revised, borrower-friendly PPP loan forgiveness application implementing the PPP Flexibility Act of 2020, which was signed into law by President Trump on June 5. Click HERE to access instructions for borrowers seeking to apply for loan forgiveness.

    In addition to revising the full forgiveness application, the SBA also published a new EZ version of the forgiveness applicationthat applies to borrowers that:
    • Are self-employed and have no employees; OR
    • Did not reduce the salaries or wages of their employees by more than 25 percent, and did not reduce the number or hours of their employees; OR
    • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25 percent.

The EZ application requires fewer calculations and less documentation for eligible borrowers. Details regarding the applicability of these provisions are available in the instructions to the new EZ application form. Click HERE to access instructions for EZ borrowers seeking to apply for loan forgiveness.

SBA Economic Injury Disaster Loan (EIDL)

On March 19, 2020 the U.S. Small Business Administration (SBA), approved Illinois Governor J.B. Pritzker’s application for small businesses and not-for-profits across our state to be declared eligible for low-interest Economic Injury Disaster Loan (EIDL) assistance relating to financial damages caused to the Coronavirus (COVID-19) Pandemic. Additional funding was made available through H.R. 266, Paycheck Protection Program and Health Care Enhancement Act on April 24, 2020, and in the American Rescue Plan act on March 12, 2021. The Coronavirus Aid, Relief, and Economic Security (CARES) Act expanded the SBA’s long-standing Economic Injury Disaster Loan Program (EIDL) additional funding was added by the American Rescue Plan Act.

General Information: The SBA’s Economic Injury Disaster Loan (EIDL) program received significant funding in the Families First Act, which was the 2nd COVID-19 stimulus package. These SBA loans provide small businesses with a long-term, low interest loan of up to $2 million to pay for expenses they would have met if not for the COVID-19 pandemic.

Note that these are loans, not grants, although refinancing an EIDL into a PPP Loan is a possibility, provided you used the fund for the proper purpose. Additionally, applicants can apply for both EIDL and PPP loans simultaneously, although the funds cannot be used for the same purpose.

Application Process: The SBA has a streamlined application process. Note that if your business needs short term assistance, and you applied before March 30, 2020, you may need to re-submit your application.

If you have already applied for funds through EIDL and do not need the $10,000 advance, your application should continue to be processed without additional steps. You may check on the status of your application by calling 800-659-2955.

Streamlined SBA Loan Application 

  • Application Assistance:  The Illinois Department of Commerce and Economic Opportunity (DCEO) is working with federal and local partners to ensure assistance is available for small businesses seeking loans, counseling, and preparedness planning. Business advisors at the Illinois Small Business Development Center (SBDC) will assist with the application process.

Locate your nearest Small Business Development Center or text LOCATE to 7234

  • Additional Resources for SBA EIDL Application Process:

Guide to SBA’s EIDL Program (US Chamber of Commerce)

Understanding the Basics of SBA’s Economic Injury Disaster Loans Slide Deck

SBA Disaster Loan Resources Guide

SBA Loan Front Line Staff Contacts

SBA Small Business Debt Relief Program

The Small Business Administration is providing a program to assist small businesses who have non-disaster SBA loans – namely 7(a) loans, 504 loans, and microloans.

  • Program Benefits: The SBA will cover payments (on principal and interest) in addition to fees for six months.
  • Program Applicability: This program will apply to preexisting loans in these categories, in addition to new borrowers who take out these loans within six months of the CARES Act becoming law.
  • Loan Program Details: Please see the below links if you think that your business could benefit from these options:

7(a) Loan Program Information

7(a) loans max out at $5 million are targeted towards borrowers who lack credit elsewhere and need access to flexible capital. These loans are offered through approved 7(a) lenders (a list is available here)

504 Loan Program Information

504 Loans max out at $5.5 million and provide long-term fixed-rate financing and may be a good option for businesses looking to purchase property or large equipment

SBA Microloan Program Information

The SBA’s microloan program offers loans of up to $50,000 to help small businesses start up or expand.

Employee Retention Tax Credit

The Coronavirus Aid, Relief, and Economic Security (CARES) Act created a new employee retention tax credit for employers who are closed, partially closed, or experiencing significant revenue losses as a result of COVID-19.

General Information: The CARES Act includes an Employee Retention Tax Credit, designed to encourage employers to retain their employees during the COVID-19 crisis. The IRS describes the credit as a “fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees. This applies to wages paid between March 12, 2020 and January 1, 2021, with a maximum credit for any employee amounting to $5,000.

FAQs: Employee Retention Credit under the CARES Act (IRS)

Guide to Employee Retention Tax Credit (US Chamber of Commerce)

  • Key Caveat: This credit is not available to employers receiving assistance via the Paycheck Protection Program.  

Employer Payroll Tax Deferral

General Information: According to the Guide, a provision in the CARES Act allows for the deferral of the employer portion of certain payroll taxes through the end of 2020. These deferred amounts are due in two installments – one at the end of 2021, the other at the end of 2022. Included deferrable taxes include the employer portion of FICA taxes and half of SECA tax liability. Watch for additional IRS guidance on this at the IRS coronavirus webpage.

  • Key Caveat: Deferral is not available to employers receiving assistance via the Paycheck Protection Program.

Business Resource Partners (Counseling & Assistance with Applications)

General Information: In addition to direct financial assistance to small businesses and non-profits, the recent stimulus packages have included significant funding for enhanced small business counseling services. These organizations are well versed in how to help small businesses succeed and stand ready and willing to help your organization navigate these difficult times.

General Information: In addition to direct financial assistance to small businesses and non-profits, the recent stimulus packages have included significant funding for enhanced small business counseling services. These organizations are well versed in how to help small businesses succeed and stand ready and willing to help your organization navigate these difficult times.

Illinois Small Business Development Center and ITC at College of DuPage

Women’s Business Development Center

312-853-3477 / wbdc@wbdc.org

In addition to serving women entrepreneurs, the Women’s Business Development Center is mandated to serve the needs of underserved entrepreneurs, including low-income entrepreneurs.

Minority Business Development Agency Business Center

312-755-2563

Illinois Department of Commerce & Economic Opportunity

CEO.Support@illinois.gov

ComEd Small Business  Relief Program 

In November 2020 ComEd  launched a new assistance program to help small businesses who are facing financial difficulties during the COVID-19 crisis. ComEd’s Small Business Assistance Program provides eligible small-business customers that are past due on their energy bills with a one-time grant equal to 30 percent of their total ComEd balance (up to $1,000) for a limited time. In addition, customers whose electric service has not been disconnected can then set up their remaining balance due on a payment plan of up to six months. For details on this program, see below. As a reminder, ComEd’s Helping Hands Program was also launched earlier in the week to provide assistance to residential customers facing hardships. Please share this information with your businesses and residents.

Small-business customers can visit ComEd.com/SmallBizAssistance or call 1-877-4-COMED-1 (1-877-426-6331) to learn more or apply for the Small Business Assistance Program.

Illinois Department of Public Health (IDPH)

The Illinois Department of Public Health (IDPH) has several Business & Organization Guidance forms and best practices available on their website for both businesses that are currently operational and those that are in the process of preparing to reopen:  IDPH Business & Organization Guidance

Employee Benefits 

If you have questions about employee benefits, including paid leave, please contact the Illinois Department of Labor at 312-783-2800 (Chicago office), 217-782-6206 (Springfield office), or dol.questions@illinois.gov.

Is there any relief from penalties for late sales tax payments to the State of IL?

In an effort to assist eating and drinking establishments impacted by the COVID-19 outbreak, effective immediately, the Illinois Department of Revenue (IDOR) is waiving any penalty and interest that would have been imposed on late Sales Tax payments from qualified taxpayers. Taxpayers who are eligible for relief from penalties and interest on late Sales Tax payments are those operating eating and drinking establishments that incurred a total Sales Tax liability of less than $75,000 in calendar year 2019. Read the following Informational Bulletin from IL Department of Revenue to learn more.

What is available for my employees as a business owner?

Unemployment benefits may be available to some individuals whose unemployment is attributable to COVID-19. Individuals without access to paid sick leave or unable to work due to COVID-19 can apply for unemployment insurance under the Governor’s program expansion. The governor’s executive order waives the 7-day waiting period for residents to apply for unemployment benefits, meaning anyone who qualifies can file and become immediately eligible instead of experiencing a week-long lag during this challenging time. IDES recently adopted emergency rules to try to make the unemployment insurance system as responsive to the current situation as possible. Please review this link for the information to assist your employees: https://www2.illinois.gov/ides/Pages/COVID-19-and-Unemployment-Benefits.aspx

Additionally, encourage individual employees to check into the Supplemental Nutrition Assistance Program (SNAP) (formerly Food Stamps) which helps low-income persons and families buy the food they need for good health. https://www.dhs.state.il.us/page.aspx?item=30357

What about Utilities?

Gov. Pritzker and Attorney General Raoul have urged the Illinois Commerce Commission to immediately institute a moratorium on shutoffs for all utility companies across Illinois - including energy, telecommunications and water - until the state disaster proclamation has been lifted. Several have announced plans to maintain services and waive late payment fees. This list is not all inclusive but does offer direct connection to specific response to COVID-19.

Commonwealth Edison

NICOR Gas

Verizon

T Mobile

AT&T

Xfinity

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