SPRINGFIELD (WGEM) — The governor introduced Tuesday that his administration will file for statewide eligibility in a federal mortgage program for small companies dealing with onerous instances financially.
The governor mentioned in a press release: “I’ve directed my administration to do all the pieces in our energy to assist our working households, and we’re additionally working expeditiously to mitigate the challenges small companies are dealing with. My Division of Commerce and Financial Alternative has secured the mandatory documentation to declare a statewide Financial Damage Declaration with the U.S. Small Enterprise Affiliation. The SBA is providing coronavirus catastrophe help loans to assist impacted corporations get by means of this era of instability, and it will make sure that all of our counties qualify for help.”
These low-interest loans supply as much as $2 million in help to eligible small companies or to non-profit organizations that apply.
These loans can be utilized to assist pay fastened money owed, payroll, accounts payable and different payments that can not be paid because of the influence of COVID-19.
In response to the Small Enterprise Administration: As much as a most of 30 years, loans can be found with long-term repayments to maintain funds inexpensive.
The Workplace of the Governor additionally supplied extra financial help:
- UNEMPLOYMENT INSURANCE: People with out entry to paid sick go away or unable to work because of COVID-19 can apply for unemployment insurance coverage underneath the administration’s enlargement. The governor’s government order waives the 7-day ready interval for residents to use for unemployment advantages, which means anybody who qualifies can file and turn out to be instantly eligible as an alternative of experiencing a week-long lag throughout this difficult time. Gov. Pritzker is working with the federal delegation and congressional management to push the Trump administration to permit the state to extend the size of advantages past 26 weeks as this disaster continues to supply important fiscal challenges for Illinois households.
- UTILITY RELIEF: Gov. Pritzker and Lawyer Normal Raoul have urged the Illinois Commerce Fee to right away institute a moratorium on shutoffs for all utility corporations throughout Illinois – together with power, telecommunications and water – till the state catastrophe proclamation has been lifted. The administration can also be requesting adjustments to cost and assortment insurance policies to make sure Illinoisans aren’t saddled with utility debt on account of COVID-19. A number of have introduced plans to keep up providers and waive late cost charges.
- FOOD ACCESS: The Pritzker administration is working instantly with the eight main meals banks throughout Illinois to increase providers. The administration is reaching out to meals producers to make sure meals banks are prioritized and might present our weak residents the meals they want. ISBE obtained a waiver from the federal authorities to proceed distributing meals to all youngsters who qualify free of charge and decreased lunch. The Governor can also be encouraging faculties to increase their meal distribution program to all youngsters underneath 18 or to any scholar enrolled in an Illinois faculty, no matter their age.
- MEDICAID WAIVER: The administration is within the means of submitting a federal waiver to increase Medicaid protection, starting work on the waiver utility as quickly because the federal authorities declared a nationwide emergency and activated the Stafford Act. If the federal waiver is authorized, the state will be capable of increase Medicaid providers by means of the addition of recent medical suppliers, elevated entry throughout the state and ramped up providers to lots of the state’s most weak populations.
There’s a statewide COVID-19 hotline and web site from The Illinois Division of Public Well being to assist reply any questions you may need or to report a suspected case: name 1-800-889-3931 or go to IDPH.illinois.gov