Chicago Community Catalyst Fund

Office of the Chicago City Treasurer, Melissa Conyears - Ervin

 Providing Emergency Loans to Aid Chicago Businesses

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Supporting small businesses who are vulnerable at this challenging time.

The Chicago Community Catalyst Fund will invest up to $50 million in the Chicago Small Business Resiliency Loan Fund to provide financial relief to Chicago businesses that have been affected by COVID-19.

How we can help?

To help small businesses deal with the impact of COVID-19, the Chicago Community Catalyst Fund will invest up to $50 million to help retain employees and maintain operations as businesses face decreased revenue. This program is available to City of Chicago businesses with 1 - 50 employees that can demonstrate at least a 25% decrease in revenue as a result of COVID-19. Eligible businesses will receive a zero interest loan for six months covering up to 50% of their payroll and additional expenses. Businesses can access up to $50,000.

Who can apply?

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City of Chicago

Open to established, City of Chicago-based businesses impacted by the COVID-19 with 1 - 50 full and part-time employees and less than $3 million in revenue. Up to 30% of the Fund will be loaned to businesses in underserved areas.

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Demonstrated Revenue Loss

The Fund is available to businesses who have generated revenue for (at least) two years and can demonstrate at least a 25% decrease in revenue as a result of COVID-19.

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Loan Amount

Eligible businesses will receive a zero interest loan for six months covering up to 50% of their payroll as well as operating needs, sick pay and rent. Businesses can access up to $50,000.

 
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We Support You

"It's essential that we provide some relief for the businesses and working families, especially ones in the under-resourced and disinvested communities that are hurting right now"

Hon Melissa Conyears-Ervin

Chicago City Treasurer

Chairman, Chicago Community Catalyst Fund

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Spoken Cafe in the 47th Ward

Chicago Community Catalyst Fund

Terms and Conditions Apply