Coronavirus Relief Resources for Businesses

This page is intended to act as a clearinghouse of all known economic relief programs that have been made available through either local, state, or federal government entities to assist businesses who have been affected by the ongoing coronavirus disaster. If you have a question about any of the following programs, please contact Evan Walter, Assistant Village Administrator, at (630) 654-8181, ext. 2010 or email at ewalter@burr-ridge.gov. Staff is prepared to assist all businesses in the community with applications for any of the listed programs below. Click titles for program information.

  • Emergency Economic Injury Grants. Provides an emergency advance of up to $10,000 to small businesses and private non-profits harmed by COVID-19 within three days of applying for an SBA Economic Injury Disaster Loan (EIDL). Received if granted an EIDL loan (above).
  • Paycheck Protection Program (PPP) Loans. Cash-flow assistance through 100% federally guaranteed loans to employers who maintain their payroll during the emergency. Small businesses are eligible to apply if they were harmed by COVID-19 between February 15, 2020 and June 30, 2020. Participating Lenders for Illinois – click here.
  • Small Business Debt Relief Program. Assistance for small businesses with non-disaster SBA loans, in particular 7(a), 504, and microloans. Under it, SBA will cover all loan payments on these SBA loans, including principal, interest, and fees, for six months.
  • Main Street Lending Program. Federal Reserve deferral of principal and interest payments for Main Street Lending loans for one year. Available for small and mid-sized businesses that were in good financial standing before the crisis by offering 4-year loans to companies employing up to 10,000 workers or with revenues of less than $2.5 billion.
  • Employee Retention Credit for Employers Subject to Closure or Experiencing Economic Hardship. Provides a refundable payroll tax credit for 50 percent of wages paid by eligible employers to certain employees during the COVID-19 crisis. The credit is available to employers, including non-profits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings. The credit is not available to employers receiving assistance through the Paycheck Protection Program.
  • Delay of Payment of Employer Payroll Taxes. Allows taxpayers to defer paying the employer portion of certain payroll taxes through the end of 2020, with all 2020 deferred amounts due in two equal installments, one at the end of 2021, the other at the end of 2022. Payroll taxes that can be deferred include the employer portion of FICA taxes, and half of SECA tax liability.
  • Families First Coronavirus Response Act. Expands the Family and Medical Leave Act (FMLA) temporarily (until the end of December 2020) to cover leave needed for the care of children out of school because of COVID-19 and also makes weeks 3 through 12 of its effective period paid leave; creates 2 weeks of paid sick leave for childcare and other leave related to the coronavirus; and provides for tax credits related to the paid leave provisions created by the act.
  • Illinois Manufacturing Excellence Center. The experts at IMEC have packaged the tools and resources you will need to survive current disruptions, while strengthening your business continuity plan during the coronavirus pandemic.
  • IDFPR Banking and Debt Relief. (under the Illinois Small Business Emergency Loan Fund section). The Illinois Department of Financial and Professional Regulation implemented a series of actions to ensure the protection of Illinoisans in many areas of consumer borrowing, servicing, and collections.