Small Business Resources
OLPL is dedicated to providing online resources to support local businesses. During these unprecedented times, we will provide current links to resources that may prove valuable in the recovery process.
Oak Lawn Chamber of Commerce
Want to support local businesses in Oak Lawn? Check out the Oak Lawn Chamber of Commerce website for up-to-date information about businesses currently open in Oak Lawn.
U.S. Small Business Administration
Created in 1953, the U.S. Small Business Administration (SBA) continues to help small business owners and entrepreneurs pursue the American dream. The SBA is the only cabinet-level federal agency fully dedicated to small business and provides counseling, capital, and contracting expertise as the nation’s only go-to resource and voice for small businesses.
Small Business Development Centers
America’s SBDC represents America’s nationwide network of Small Business Development Centers (SBDCs) – the most comprehensive small business assistance network in the United States and its territories. SBDCs are hosted by leading universities, colleges, state economic development agencies and private partners. They are funded in part by the United States Congress through a partnership with the U.S. Small Business Administration. They have published a list of resources for small businesses, including webinars, to assist employers with COVID-19 on a wide range of topics.
Applications for the Chicago Small Business Resiliency Fund Now Open
The City of Chicago recognizes that COVID-19 has put a difficult burden on our business and non-profit community. As a response to this challenge, the City of Chicago has established the $100 million Chicago Small Business Resiliency Fund (the Resiliency Fund), which will provide small businesses and non-profits with emergency cash flow during this health crisis. Funds will be provided to eligible businesses such as low-interest loans. The Resiliency Fund is structured to complement the new federal Paycheck Protection Program that the Small Business Administration (SBA) will launch shortly. The City and its partners will seek to provide all Resiliency Fund loan applicants with the best offer available, including from the SBA’s new program. All loan applications will be administered through lending partners, including Accion Serving Illinois and Indiana and the Community Reinvestment Fund, USA (CRF). The Fund continues to build partnerships with additional lenders to help provide loans to small businesses and non-profits all over Chicago.
Emergency Small Business Grants and Loans Assistance
Under the leadership of Governor JB Pritzker, the Department of Commerce and Economic Opportunity is working with partners to launch emergency assistance programs for Illinois small businesses. These initiatives include the Hospitality Emergency Grant Program, the Illinois Small Business Emergency Loan Fund, and the Downstate Small Business Stabilization Program.
Since the onset of COVID-19 in 2020, the Pritzker administration has worked quickly to launch a variety of programs to help offset the economic impact the pandemic has had on small businesses and communities statewide. This comprehensive approach includes small business grant programs, deployment of Federal CARES Act dollars and the launch of the historic BIG program, and various other relief efforts. Through the Illinois Department of Commerce and Economic Opportunity (DCEO), the state has launched more than $1 billion in economic support programs for small businesses and communities.
COVID-19 Quick Links for Businesses
These links help businesses, workers, and residents when it comes to needing assistance due to the corona virus.
Small Business COVID-19 Relief Program
The Business Invest – Illinois Small Business COVID-19 Relief Program is an impact investment loan program under which the State Treasurer has made up to $250 million in deposits available to financial institutions throughout the state, at near-zero rates, to assist Illinois small business and non-profits negatively affected by the COVID-19 pandemic. The purpose of this funding is to provide vital economic support for small businesses and non-profits throughout Illinois to help overcome the loss of revenue they are experiencing.
Cook County Community Recovery Initiative
Cook County has launched a comprehensive initiative to provide economic relief to small businesses, non-profits, community service organizations and independent contractors (1099 workers) in response to the COVID-19 pandemic.
Score’s team of over 10,000 volunteer business mentors is ready to help your small business survive—and thrive—through any crisis.
The Illinois Department of Revenue has established this web page to provide information and resources to help Illinois taxpayers, businesses, and others affected by the coronavirus.
Copyright and Patents
The U.S Copyright Office promotes creativity and free expression by administering the nation’s copyright laws and by providing impartial, expert advice on copyright law and policy for the benefit of all.
The United States Patent and Trademark Office (USPTO) is the federal agency for granting U.S. patents and registering trademarks. In doing this, the USPTO fulfills the mandate of Article I, Section 8, Clause 8, of the Constitution that the legislative branch “promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries.” The USPTO registers trademarks based on the commerce clause of the Constitution (Article I, Section 8, Clause 3). Under this system of protection, American industry has flourished. New products have been invented, new uses for old ones discovered, and employment opportunities created for millions of Americans. The strength and vitality of the U.S. economy depends directly on effective mechanisms that protect new ideas and investments in innovation and creativity. The continued demand for patents and trademarks underscores the ingenuity of American inventors and entrepreneurs. The USPTO is at the cutting edge of the nation’s technological progress and achievement.
Better Business Bureau
BBB respects the resiliency of small businesses. While the economic impact of COVID-19 is undeniable, businesses are learning how to adapt to a new normal. Trust has never been more important, and BBB is committed to providing support for small businesses.
COVID-19, the disease caused by the novel coronavirus, is affecting people, businesses and communities around the world. Better Business Bureau reminds everyone to remain vigilant to avoid scams related to the virus, use necessary, common sense precautions when traveling, and find reliable sources to stay informed about what to do as the virus spreads.
Supporting Small Business
- Providing $350 billion in forgivable loans for small businesses through the Paycheck Protection Program
- Providing advances in SBA disaster loans that never have to be repaid
- Forgiving existing non-disaster SBA loan payments over the next six months
Resources for Illinois Residents and Licensees Impacted by Coronavirus Disease 2019 (COVID-19)
The Illinois Department of Financial and Professional Regulation has developed a list of resources for Illinois licensees and consumers impacted by the Coronavirus Disease 2019 (COVID-19).
The Disaster Help Desk Is Here for You
COVID-19 is affecting small businesses in a variety of ways. From loss of business to remote work, things are continuously changing during the COVID-19 pandemic and businesses are being forced to adapt. The Disaster Help Desk is here to help you navigate this challenging time.
Coronavirus Tax Relief for Businesses and Tax-Exempt Entities
The IRS has information on coronavirus (COVID-19) tax relief for businesses and tax-exempt entities.