Small Business Assistance Grant Applications-Lake County

Applications Still Being Accepted for Lake County’s Small Business Recovery Grant

Lake County is still accepting applications for its new small business assistance grant program to help local businesses impacted by COVID-19 reopen and adjust to the new operating environment. Grant applications are being accepted until 11:59 p.m. on July 20th.

The intent of the grant is to cover occupancy and some operating costs for up to four months. Funds cover 4.5-times average monthly rent, capped at $30,000, and can be used for payroll, business rent/mortgage, utilities, inventory, and incremental COVID-19 related business expenses.

A business must be located in Lake County, have less than $2.5 million in annual revenue and be incorporated - LLC, LLP, S Corporation, Sole Proprietor, etc. Currently, independent contractors are not eligible. lakecountyil.gov/forward