The Village of Glenview

Local Business Support


​Back to Business Guide

Back to Buisiness Cover 

The Village's Back to Business Guide provides guidance and resources to Glenview businesses that are preparing to re-open or expand services during Phase 3 of the state's "Restore Illinois" plan. The guide includes information regarding:

  • How to stay connected with updates and get questions answered by the Village;
  • Glenview's restaurant and grocery store lists;
  • Guidance from recognized health agencies and national professional associations;
  • Links to guidance and reopening toolkits provided by the Illinois Department of Commerce and Economic Security (DCEO);  
  • Operational resources and sample safety signs; and
  • Glenview's Temporary Outdoor Dining Policy and Application.

Click this lin​k​ or the image of the plan above to view the Back to Business Guide.

Restaurant and retail information

While restaurants, bars and non-essential businesses are closed to the public in an effort to stop the spread of COVID-19, there are many ways to continue to support the Glenview business community.​​  Click here or on th​e map below to see options near you.


​​Grocery stores

​​In additional to normal hours, some grocery sto​​res have special hours of operation for seniors and vulnerable patrons.  Click here or on ​the image below.​

 

​Glenview Chamber of Commerce

The Chamber has created a list of businesses that have virtual offerings that is updated frequently. See ​it here​.

 

Restaurants

The Village compiled and updates a list detailing restaurant status and service options (drive-thru, carry-out, pick-up and delivery service).​ ​
Cli​ck​ h​er​e.​

 


C​​NSCVB

Chicago's North Shore Convention and Visitors​ Bureau offers these socially distant outdoor activities.
​​If your restaurant is not currently on the list, fill out this survey and the list will be updated.

Federal and state business assistance

Several options exist for business assistance from the state. Click on the programs below to lean more.​​



  
Description
  
  
  
  

Small Business Owner Guide to the CARES Act (from the U.S. Senate Committee on Small Business & Entrepreneurship) --​ This guide has frequently asked questions for each of the programs established or enhanced to support small businesses, and I have briefly summarized the major provisions of each program below to make it easier to digest.

Federal​
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​The Paycheck Protection Program (PPP) is designed to help small businesses maintain payroll in light of the COVID-19 pandemic.  Eligible businesses who enroll in the program will receive a forgivable loan to use for payroll purposes, in addition to helping pay for utilities, rent, mortgage interest payments, and more.
 
PPP Loans Still Available:  The CARES Act allotted about $349 billion for the PPP loan program for the first round of loans.  An additional $310 billion in funding was approved for a second round of loans with applications being accepted starting April 27th at 10:30am.  Work with your lender to get your application submitted as fast as possible.  As a reminder, you will be expected to provide payroll information when you apply. 
 
PPP Loan Resources: The Small Business Administration has distributed additional guidance from the U.S. Department of the Treasury on how the Paycheck Protection Program is going to be implemented and what both lenders and borrowers need to know.​


Key Dates: The original start date for small businesses and sole proprietorships to submit program loan applications for the first round of loans was April 3, 2020.  The start date for independent contractors and self-employed individuals to submit PPP loan applications was April 10, 2020.  Applications for the second round of loans started Monday, April 27th at 10:30am.  Importantly, the Treasury Department guidance urges businesses to apply as soon as possible, due to a funding cap in place on this program.

Lender Information: Program loans will be 100% federally guaranteed but handled by SBA-certified lenders.  Lending institutions that are not currently SBA-certified but want to participate should email DelegatedAuthority@sba.gov.  It is recommended that you work with a bank you already have a business relationship with for the quickest processing of loans.

Application Information: Interested parties should contact their local lender to see if they are SBA-certified and/or planning on participating in the program.  Applicants will have to provide payroll documentation to the lender. ​



Federal​
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The SBA has announced the availability of a new SBA Express Bridge Loan program, that is available to small businesses who already have an established relationship with a SBA Express Lender.

General Information: SBA Express Bridge loans are being offered to act as a bridge for businesses who need short term funding in order to stay afloat until they receive EIDL funds they have previously applied for.  These funds are available in amounts of up to $25,000 and have a fast turnaround time.  These loans will be repaid in full or in part by proceeds from the EIDL loan once the process is completed.  ​

Federal​
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The U.S. Small Business Administration's (SBA) Economic Injury Disaster Loan (EIDL) program received significant funding in the Families First Act, which was the second COVID-19 stimulus package.  These SBA loans provide small businesses with a long-term, low interest loan of up to $2 million to pay for expenses they would have met if not for the COVID-19 pandemic. Note that these are loans, not grants, although refinancing an EIDL into a Paycheck Protection Program is a possibility, provided you used the fund for the proper purpose.  Additionally, applicants can apply for both EIDL and PPP loans simultaneously, although the funds cannot be used for the same purpose. 
 

Application Process:  The SBA has just recently rolled out a new, streamlined application process that is available here

Note: If your business needs short term assistance, and you applied before this week, you may need to re-submit your application (see below).  If you have already applied for funds through EIDL and do not need the $10,000 advance, your application should continue to be processed without additional steps.  You may check on the status of your application by calling (800) 659-2955. 


 

Federal​
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​Businesses that need an infusion of capital in the short term and who have applied for a loan through the EIDL program can also apply for an Emergency Economic Injury Grant, which will provide an advance of $10,000 from the requested EIDL amount.  This process can be started from the EIDL application, available here

Note: If you already submitted an EIDL application prior to the launch of this program (SBA says if you applied before March 30) you will have to resubmit an application using the streamlined process at the link above. 


 

Federal​
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The Small Business Administration is providing a program to assist small businesses who have non-disaster SBA loans – namely 7(a) loans, 504 loans, and microloans.  

Program Benefits: The SBA will cover payments (on principal and interest) in addition to fees for six months. 

Program Applicability: This program will apply to preexisting loans in these categories, in addition to new borrowers who take out these loans within six months of the CARES Act becoming law. 

​Loan Program Details: See the below links if you think that your business could benefit from these options: 

  • 7(a) Loan Program Information
    • 7(a) loans max out at $5 million are targeted towards borrowers who lack credit elsewhere and need access to flexible capital.  These loans are offered through approved 7(a) lenders (a list is available here)
  • 504 Loan Program Information
    • 504 Loans max out at $5.5 million and provide long-term fixed-rate financing and may be a good option for businesses looking to purchase property or large equipment
  • SBA Microloan Program Information
    • ​The SBA's microloan program offers loans of up to $50,000 to help small businesses start up or expand.  ​

Federal​
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The CARES Act includes an Employee Retention Tax Credit, designed to encourage employers to retain their employees during the COVID-19 crisis.  The IRS describes the credit as a “fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees.  This applies to wages paid between March 12, 2020 and January 1, 2021, with a maximum credit for any employee amounting to $5,000.  This credit is not available to employers receiving assistance via the Paycheck Protection Program.  Additional IRS guidance is available here.  

Federal​
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According to the Guide, a provision in the CARES Act allows for the deferral of the employer portion of certain payroll taxes through the end of 2020.  These deferred amounts are due in two installments – one at the end of 2021, the other at the end of 2022.  Included deferrable taxes include the employer portion of FICA taxes and half of SECA tax liability.  Deferral is not available to employers receiving assistance via the Paycheck Protection Program. IRS guidance on this yet is expected soon at the IRS coronavirus webpage.

Federal​
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​In addition to direct financial assistance to small businesses and non-profits, the recent stimulus packages have included significant funding for enhanced small business counseling services.  These organizations are well versed in how to help small businesses succeed and stand ready and willing to help your organization navigate these difficult times.  Counseling resources include:
Federal​
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Employers can defer payment ​of the employer share of the Social Security tax. The deferred employment tax be paid over the following two years, with half of the amount required to be paid by December 31, 2021 and the other half by December 31, 2022.​
Federal​
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​Lenders may borrow​ a minimum of $1 million and a maximum of either $25 million, or an amount that “when added to the Eligible Borrower’s existing outstanding and committed but undrawn debt, does not exceed four times the Eligible Borrower’s 2019 earnings before interest, taxes, depreciation, and amortization,”​

Federal​
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Illinois Small Business Emergency Loan Fund -- Small businesses low interest loans of up to $50,000.  Businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 will be eligible to apply.  Successful applicants will pay nothing for six months and will then begin making fixed payments at a below market interest rate for the remainder of a five-year loan term. Loan funds must be used for working capital, and at least 50% of loans proceeds must be applied toward payroll or other eligible compensation including salaries, wages, tips, paid leave, and group healthcare benefits. Eligible uses will exclude compensation in excess of $100,000.

State
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Illinois Hospitality Emergency Grant Program -- Grant funds are available to support working capital like payroll and rent, as well as job training, retraining, and technology to support shifts in operations, like increased pick-up and delivery. Bars and restaurants that generated between $500K and $1M in revenue in 2019 are eligible for up to $25,000, and bars and restaurants that generated less than $500K in revenue in 2019 are eligible for up to $10,000.  Hotels that generated less than $8M in revenue in 2019 are eligible for up to $50,000.

State
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The Illinois Department of Commerce and Economic Opportunity is seeking input from businesses impacted by COVID-19 to assist in evaluating a request for an economic injury disaster declaration from the U.S. Small Business Administration. That declaration will allow for businesses to apply for low-interest loans to keep their businesses open during this challenging time.

State
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​Under the directive, eating and drinking establishments​ that incurred less than $75,000 in sales tax liabilities last year will not be charged penalties or interest on payments due in March, April or May made late. Penalties and interest will be automatically waived; however, qualified taxpayers must still file their sales tax return even if they are unable to make a payment.​

State
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The Cook County Bureau of Economic Development has launched the Cook County Community Recovery Initiative was launched to provide one-time, zero-interest loans of up to $20,000 for small businesses and $10,000 for independent contractors in suburban Cook County.  Loans will be administered by the Chicago Community Loan Fund and provided by a network of community lenders.  Currently, the county does not have a deadline for submittals but plans to grant loans after the Federal programs have been depleted.  To apply, businesses must meet the following requirements:

  • Small Businesses
    • Fewer than 25 employees
    • Less than $3 million in annual revenue
  • Gig Workers
    • At least half of income must come from 1099 contract work
    • Less than $100,000 in gross annual income
​To learn more about the program and to sign up for updates please visit Cook County's Recovery Site​ and complete the survey.
County
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​This loan fund ​offers one-time, zero-interest loans of up to $20,000 for small businesses and up to $10,000 for independent contractors in suburban Cook County. Loans will be administered by the Chicago Community Loan Fund and provided by a network of community lenders.

County
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​Use this this calculator ​to better understand how Covid-19 will impact your business

Other
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​Make a donation ​to benefit small businesses

Other
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COVID-19 GUIDANCE
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Governor Pritzker's "stay-at-home" executive order categorizes businesses as essential or non-essential. The aim is to  keep new cases of COVID-19 from rapidly increasing due to public exposure and ensure the state's health care system remains fully operational to treat patients in need of urgent care.

While the public will continue to have regular access to groceries medication, gas and other essential services, all non-essential business and operations must cease.


COVID-19 GUIDANCE
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COVID-19 GUIDANCE
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Restaurant Operations - Temporary Requirements

COVID-19 GUIDANCE
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COVID-19 GUIDANCE
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COVID-19 GUIDANCE
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Business Resources​ such as interactive maps, permit/licensing information, business support and local business networking.​
GoGlenview - Economic Development Portal
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