A small business tip sheet for tough times in Illinois

Here are some key sources for funding and advice for small businesses amid the pandemic.

Make sure there’s a business plan in place before considering to invest in a business. | Adobe Stock Photo

—Make friends with a banker. Need a place to start? Try the Illinois state treasurer’s list of institutions participating in its COVID-19 relief program, available here.

—Don’t be too proud to ask for help, including from creditors.

—Solicit ideas and impartial advice from a Small Business Development Center in your area. Further information is here.

—Get a briefing on state government programs for business by calling (800) 252-2923 or emailing CEO.support@illinois.gov.

—Black-owned businesses can join online discussions about ways to grow. The discussions are presented by Groupon and the Illinois Department of Commerce and Economic Opportunity. The next one is Aug. 20 and information is here.

—Check out the City of Chicago’s Small Business Resource Guide here.

—Review the U.S. Chamber of Commerce’s guide to the Main Street Lending Program.

—All set to go? Now consult the U.S. Chamber’s guide to operating safely in a pandemic.

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