UPDATE: Small Businesses, Non-Profits Can Apply NOW For COVID-19 Relief Funds

UPDATE: Small Businesses, Non-Profits Can Apply NOW For COVID-19 Relief Funds

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UPDATED 2:30PM THURSDAY, SEPT. 17

Kane County small businesses and non-profit organizations are now able to find online applications for Coronavirus Relief Funds following online orientation seminars on Friday, Sept. 18.

Background

The U.S. Department of Treasury allocated $92,900,218 of Coronavirus Relief Funds to Kane County under the CARES Act to help alleviate the impact of the COVID-19 pandemic in Kane County communities.

To help distribute these funds, the Kane County Board established the CARES Act Allocation Committee with the assistance of Kane County State’s Attorney Joseph H. McMahon and in collaboration with the Office of Community Reinvestment. Kerber, Eck & Braeckel, LLP will provide fiscal management of these funds for Kane County.

The initiative for economic recovery established guidelines and strategic priorities for the disbursement of funds to move federal funding to communities, non-profits and businesses in need of direct financial relief.

Small Business Grants

Small Business Application Instructions

Applicant Eligibility 

In order to be eligible to apply for assistance under this program, a business must meet the following criteria:

  1. Be a for-profit business (e.g. LLC, S Corporation, C Corporation, Partnership, or Sole Proprietorship) or a Chamber of Commerce.
  2. Have a place of business that is physically located within Kane County.
  3. Had no more than 50 full-time equivalent employees as of March 1, 2020.
  4. Had gross revenue for calendar year 2019 of no more than $2.5 million. If the business was formed after January 1, 2019, they may apply for a grant of up to $10,000.
  5. Experienced a reduction in revenue and increase of costs during the COVID-19 pandemic.
  6. If closed as a result of the pandemic, the business must have been reopened by August 1, 2020.
  7. Be in good standing with all applicable federal, state, and local standards and requirements.

Chambers of commerce that are located within Kane County and incorporated as a 501(c)(3) are eligible applicants under this program.

Certain businesses are ineligible for this program, including home-based businesses (any enterprise for which the principal administrative and managerial activities take place within an individual’s personal residence), adult entertainment/bookstores, banks, payday lenders, title lenders, businesses involved in the marijuana/vaping/tobacco industries.

(Only businesses that derive the majority of their revenue from such industries will be considered ineligible.) And corporate chains (unless incorporated as an independent franchisee). Owners of multiple businesses may submit only one application under this initiative.

You must identify your Business Legal Structure before uploading your supporting documentation.

    1. Completed W-9 form or 501(c)(3) designation.
    2. Most recent (not expired) Certificate of Good Standing from the Illinois Secretary of State. For Sole Proprietorships or Partnerships operating under a name other than the real name of the owner(s), please submit the Certificate of Ownership to verify that the business has completed all Assumed Name filing (DBA registration) requirements with the Kane County Clerk’s office.
    3. Roster of employees for the pay period that includes March 1, 2020. Indicate the number of hours worked during that pay period for each employee.
    4. Annual financial statement for calendar year 2019.
    5. 2019 IRS tax return, if available.
    6. Monthly Profit & Loss Statements (Reports revenues, gains, expenses, losses and net income for a period of time.)
    7. Under the Monthly Profit & Loss Statements, also include Attachment A: Budget and narrative for eligible costs already incurred between March 1, 2020 and September 30, 2020. (Use the Excel form that is available for download from the webpage.)
    8. Monthly balance sheets (Presents a company’s financial position as of a point in time and includes assets, liabilities and equity.)
    9. Under Monthly balance sheets, also include Attachment B: Budget and narrative for eligible costs anticipated between October 1, 2020 and December 30, 2020. (Use the Excel form that is available for download from the webpage.)
    10. If the applicant is a Chamber of Commerce:
      1. Copy of the most-recently filed Form 990; and
      2. IRS determination letter regarding non-profit status.

Non​profits​ Organization Grants

Nonprofits Application Instructions

Applicant Eligibility

To be eligible to apply for assistance under this program, a nonprofit organization must meet the following criteria:

  1. Be incorporated as a 501(c)(3).
  2. Deliver services from a facility that is physically located within Kane County.
  3. Provide, as its primary mission, services and/or aid to Kane County residents in the areas of shelter/housing, sustenance (food/meals), and health services (medical/mental health). (While this is not an exclusive list of services/aid, applicants that provide other types of services/aid must demonstrate and justify how they are critical to the basic health, safety, and welfare of Kane County residents.)
  4. If closed as a result of the pandemic, the organization must have been reopened by August 1, 2020.
  5. Be in good standing with all applicable federal, state, and local standards and requirements.

Applicants may seek reimbursement of the following types of expenses under this program, provided they were incurred between March 1, 2020 and December 30, 2020, and were not reimbursed under another source of financial assistance:

  1. Rent/mortgage payments for the physical place of nonprofit or for equipment integral to the nonprofit’s operations (provided the facility and/or equipment was secured by the nonprofit prior to January 1, 2020).
  2. Utility costs associated with the physical place of the agency’s business.
  3. The purchase of personal protective equipment (PPE) for use by the employees and/or patrons of the nonprofit.
  4. The cost of cleaning/disinfecting the place of the nonprofit.
  5. The cost of minor physical modifications to the place of the nonprofit in order to comply with social distancing requirements. (Please note this excludes the cost of capital improvements unrelated to social distancing standards.)
  6. Costs incurred to enable employees to work remotely, such as computer equipment/ software, cell phones, internet access, etc.

Questions

Direct any questions regarding the Kane County Coronavirus Relief Fund to: CRF@co.kane.il.us. Please allow for three business days for a reply.​

Webinar

  • Small Business Orientation​  Passcode: 552346
    Or join by phone: Dial(for higher quality, dial a number based on your current location):
    US: +1 312 626 6799  or +1 301 715 8592  or +1 646 876 9923  or +1 408 638 0968  or +1 669 900 6833  or +1 253 215 8782  or +1 346 248 7799
    Webinar ID: 859 2401 7546
  • Nonprofits Orientation on September 18, 2020 at 2 p.m.  Passcode: 512300
    Dial (for higher quality, dial a number based on your current location):
    US: +1 312 626 6799  or +1 301 715 8592  or +1 646 876 9923  or +1 408 638 0968  or +1 669 900 6833  or +1 253 215 8782  or +1 346 248 7799
    Webinar ID: 872 6981 4938​
  • Full audio recording is not available for this webinar. Please refer to the documents made available on the webpage.  Questions should be submitted to CRF@co.kane.il.us

SOURCE: County of Kane homepage