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State of Illinois Phase 5 Reopening Guidelines

Paycheck Protection Program Fact Sheet (PPP)

The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. All loan terms will be the same for everyone. 

PPP Loan Application Form–from the SBA. Printable and editable.

Paycheck Protection Program (PPP) – Summary of Loan Eligibility, Terms, & Forgiveness Provisions

SBA Loan – Borrower Information Form. “The purpose of this form is to collect information about the Small Business Applicant (“Applicant”) and its principals, the loan request, indebtedness, information about current or previous government financing, and certain other topics. The information also facilitates background checks as authorized by section 7(a)(1)(B) of the Small Business Act, 15 U.S.C. 636(a)(1)(B). This form is to be completed by the Applicant and all individuals identified below and submitted to your SBA Participating Lender.”

Express Bridge Loan Pilot Program–”This pilot program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing on an emergency basis for disaster-related purposes to eligible small businesses, while the small businesses apply for and await long-term financing.”