COVID-19 Business Resources

Small Business Financial Assistance Programs

Get in Touch

City of St. Charles

 Department of Community and Economic Development  


Ciara Miller

 Economic Development Planner 

1. Illinois Business Interruption Grant Program

Other Resources

St. Charles Chamber of Commerce

St. Charles Business Alliance

Illinois Economic Development Association


The Business Interruption Grant (BIG) program is a $636 million program developed by Governor Pritzker and the Illinois General Assembly to provide economic relief for small businesses hit hardest by COVID-19. BIG leverages federal funding provided by the CARES Act to help offset COVID-19 related losses for Illinois small businesses. Funding may be used to help businesses with working capital expenses, including payroll costs; rent; utilities; and other operational costs.


Applications are considered on a rolling-weekly basis. If you received a BIG award in the first round, you can apply again but those who have not received an award will be given priority. Awards range from $5,000 to $150,000.

What kinds of small businesses can apply? 

Highly Impacted Industries:

  • Event Venue

  • Music Venue

  • Performing Arts Venue

  • Indoor Recreation

  • Amusement Park

  • Movie Theater

  • Museum

  • Charter/Shuttle Bus


Priority Industries: 

  • Independently-owned retail

  • Restaurant, bar or tavern*
    with the latest mitigation measures imposed on Region 8 to slow the spread of the COVID-19 infection, restaurants, bars and taverns will receive priority consideration. 

  • Fitness Centers

  • Tourism and travel related activities

  • Support services for arts and events

Looking for more information?  

Grant Homepage (FAQ's, application, eligibility, etc.)

Eligibility Guidelines (full)

Helpdesk for Grant Application

Round 2 DCEO Webinar

Has Your Business Been Impacted By COVID-19?

Illinois DCEO is seeking information from businesses on how they have been impacted by this crisis so that it can develop resources and response.  They have created a short survey here

Click one of the buttons above to jump to that section of the page

2. Kane County COVID Relief Fund Business Grant Program (Round 2)


As of 11/19/2020, Kane County is now accepting grant applications from businesses under Round Two of its CRF Business Grant Program. The Kane County Board has allocated $5 million for this initiative. In order to be eligible, businesses must be for-profit and have a physical place of business within Kane County. They must have been established on/before January 1, 2020, have experienced a decline in revenue and/or increase in expenses since March 1, 2020, as a result of the COVID-19 pandemic, and be in good standing with federal, state and local standards and requirements.


Businesses may apply for up to $25,000 to cover certain operating expenses and costs associated with responding/adapting to the COVID-19 health emergency. The county has streamlined the process for Round Two in order to assist as many businesses as possible. Businesses that participated in Round One may apply under Round Two, provided they have eligible expenses that were not already reimbursed by the county or another source of financial assistance.

Applicants should review the Program Guidelines and Application Instructions​ for additional terms and conditions. All applications must be completed using the ZoomGrants application portal established for this initiative. Submissions will be reviewed and funds will be awarded on a first-come, first-eligible, first-served basis. While an application deadline has not been established for the Round Two program, the county anticipates closing the application portal when funds are exhausted, or when it is no longer feasible to process applications and issue awards before the end of calendar year 2020. Questions regarding Round Two of the Business Grant Program may be directed to:


Kane County Office of Community Reinvestment



3. U.S. Small Business Association’s Economic Injury Disaster Loan Basics 

What kinds of small businesses can apply? 

Examples of eligible industries include but are not limited to the following: hotels, recreational facilities, charter boats, manufactures, sports vendors, owners of rental property, restaurants, retailers, souvenir shops, travel agencies, and wholesalers. 

The applicant business must have a physical presence in the declared disaster area. An applicant’s economic presence alone in a declared area does not meet this requirement. The physical presence must be tangible and significant. Merely having a P.O. Box in the disaster area would not qualify as a physical presence. 


How much can I borrow? 

Eligible entities may qualify for loans up to $2million. The interest rates for this disaster are 3.75 percent for small businesses and 2.75 percent for nonprofit organizations with terms up to 30 years. 

Eligibility for these working capital loans are based on the size (must be a small business) and type of business and its financial resources. 

What are the criteria for loan approval? 

Credit History-Applicants must have a credit history acceptable to SBA. 

Repayment –SBA must determine that the applicant business has the ability to repay the SBA loan. 

Eligibility-The applicant business must be physically located in a declared county and suffered working capital losses due to the declared disaster, not due to a downturn in the economy or other reasons. 


Looking for more information?  

The Waubonsee Small Business Development Center provides great services and resources to local businesses. Small businesses interested in applying for the Economic Injury Disaster Loan are encouraged to contact the Waubonsee SBDC if they need assistance or have questions. 

 (630) 906-4143   | 

In response to Governor Pritzker’s request, the Small Business Administration has issued a disaster declaration for the state of Illinois. The disaster declaration makes low-interest federal disaster loans available to small businesses in the state suffering substantial economic injury as a result of the Coronavirus (COVID-19).  

Loans up to $2 million may be available to eligible businesses to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits or for expansion. 

Applicants do not go through a bank to apply, the Economic Injury Disaster Loan funds come directly from the U.S. Treasury. There is no cost to apply and there is no obligation to take the loan if offered. Businesses can apply for the economic injury disaster loan online at