The IHCC is here to help you along the way to recover

The Small Business Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits.

If you have a business bank account reach out to your bank. If not, call us, we’ll help you.
If you don’t have a business account at a bank, call us. We have contacts with regional banks and a credit union that can help you.
If you been turned down by any banker, call us, we’ll help you.
Any questions please don’t hesitate to call us, we’ll help you.
Our mission is to help all latino business in Illinois grow.

REMEMBER: CALL US OR SEND US AN EMAIL. WE WILL HELP YOU

Fully Forgiven

Funds can also be used to pay interest on mortgages, rent, and utilities.
Fully Forgiven Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll).
Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Must Keep Employees on the Payroll—or Rehire Quickly

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels.
Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

All Small Businesses Eligible

Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible.

Programs