SBA PPPWESTERN SPRINGS – State Senator Suzy Glowiak Hilton (D-Western Springs) encouraged small business owners to apply for Paycheck Protection Program and other forgivable loans from the U.S. Small Business Administration on news the program has been renewed.

“Small businesses and their employees who are doing everything right during this pandemic and accepting things like staggered hours, strict occupancy requirements, or even complete closure deserve our support,” Glowiak Hilton said. “This program can help people keep their income during closures and stay in business when it is safe to fully reopen.”

Small businesses may apply for a portion of $10 million in relief through this first come, first served program. PPP allows business owners to keep employees on payroll and pay overhead expenses during closures. The extended deadline is Aug. 8.

PPP loans have an interest rate of 1% and can be fully forgiven if used for payroll, rent, utilities or mortgage interest. Participating lenders can be found on the U.S. Small Business Administration’s website.

Category: News

COVID19 Resources

survey button

Office Info

District Office
17W715 E. Butterfield Rd., Suite F
Oakbrook Terrace, IL 60181
(630) 785-3177

Springfield Office
122 Capitol Building
Springfield, IL 62706
(217) 782-8148

Find Your Legislator

eNewsletter Signup
  1. First Name(*)
    Invalid Input
  2. Last Name(*)
    Invalid Input
  3. Your Email(*)
    Please let us know your email address.