Cook County Community Recovery Fund
Last Updated: 7/2/2020
Thank you for your interest in the Cook County Community Recovery Fund. The application period for this program is closed. Our loan providers are processing applications and will provide an update about approvals in the coming weeks. If you applied for the loan program and have questions, please submit them here.
About the Fund
Offering a one-time, zero-interest loan of up to $20,000 for small businesses and up to $10,000 for independent contractors in suburban Cook County, the $10 million Community Recovery Fund is providing support for businesses impacted during the COVID 19 pandemic.
The Bureau of Economic Development is partnering with the Chicago Community Loan Fund and a network of lenders to help process and administer loans to eligible applicants.
Small Businesses are eligible if they are:
Employing 25 or fewer employees,
Earning less than $3 million in annual revenue,
Located in suburban Cook County, and
Revenues have decreased by more than 25% as a result of COVID-19
Independent Contractors are eligible if you are:
Making at least half of your yearly income in 1099 contract work
Earning less than $100,000 annually
Residing in suburban Cook County
Currently, not-for-profits are not eligible for this program