Press Releases

The State of Illinois has received its statewide Economic Injury Declarationwhich means small businesses in all 102 Illinois counties may be eligible for low-interest, economic injury disaster loans up to $2M per business.

There are hardship programs in place to help homeowners who have been directly or indirectly affected by the coronavirus and are struggling to make their mortgage payments.

There are hardship programs in place to help homeowners who have been directly or indirectly affected by the coronavirus and are struggling to make their mortgage payments.

ILLINOIS CONGRESSIONAL DELEGATION URGES SMALL BUSINESS ADMINISTRATION TO APPROVE FEDERAL LOAN ASSISTANCE FOR ILLINOIS IN RESPONSE TO CORONAVIRUS

Rep. Davis released the following statement after the U.S. Department of the Treasury and the Internal Revenue Service announced that Americans owing up to $1 million in federal income tax and businesses owing up to $10 million in federal income tax would have an additional 90 days (until July 15, 2020) to make their tax payments without penalty or interest:

As many students have already taken out loans to pay for their educational expenses, we encourage you to provide further clarification on the details of the student loan debt interest relief that was announced by President Trump and work with lenders, education institutions, and the students to ensure students are not left paying for educational benefits that they did not receive.

SBA ECONOMIC INJURY DISASTER LOANS COVID-19 FREQUENTLY ASKED QUESTIONS

• Question: Congress passed disaster loans for small businesses. What happens now? https://disasterloan.sba.gov/ela/