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Update March 19, 6:30 p.m.: Federal Relief, SBA Loans, Chicago Fund

Thursday, March 19, 2020  
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The Illinois Restaurant Association continues to engage with local, state, and federal officials to help our employers and employees address concerns about coronavirus (COVID-19).

Please see the below resources and information for your business - updated as of 6:30 p.m. on Thursday, March 19.



Small Business Task Forces Unveils $300 Billion Emergency Coronavirus Relief Package


U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, Senator Susan Collins (R-ME), Chairman of the Senate Special Committee on Aging, and Senator Lamar Alexander (R-TN), Chairman of the Senate Committee on Health, Education, Labor, and Pensions, released the Keeping Workers Paid and Employed Act, a $300 billion small business emergency economic relief plan that will help small businesses impacted by the coronavirus pandemic make payroll and cover expenses.

The Keeping Workers Paid and Employed Act is Division A of the Coronavirus Aid, Relief, and Economic Security Act. A section by section can be found here and a one pager can be found here.


City of Chicago Small Business Resiliency Loan Fund; Tax Relief for Small Businesses


Tonight, Mayor Lightfoot announced the creation of the Chicago Small Business Resiliency Loan Fund. This Fund will start with more than $100 million in targeted, low- interest loans to severely impacted small businesses. These loans are designed to provide much needed cash- flow relief for neighborhood entrepreneurs.

The city of Chicago is also providing further relief to small businesses by extending the due dates for tax payments until April 30th for the following City taxes:

  • Bottled Water Tax

  • Checkout bag tax

  • Amusement tax

  • Hotel Accommodation tax

  • Restaurant Tax

  • Parking Tax

Click here to read more.


SBA Loans Now Available; Sales Tax Deferrals for Small Restaurants and Bars


Two days after submitting documentation demonstrating the impact of COVID-19 on more than 3,000 businesses across the state, Governor Pritzker announced today that the U.S. Small Business Administration (SBA) has approved the state's eligibility for disaster assistance loans for small businesses facing financial hardship in all 102 counties due to COVID-19. Eligible businesses can apply for up to $2 million in low-interest loans at:

Governor Pritzker has also directed the Department of Revenue to defer sales tax payments for more than 24,000 small- and medium-sized bars and restaurants. 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.

Click here to read more.


ILCC Announces Guidance on Delinquency, Product Returns, On-Premise, Renewal Extensions


The Illinois Liquor Control Commission (ILCC) has announced new guidance related to the dispute process for retailer delinquencies and product returns.

Click here to read the guidance on the dispute process for retailer delinquencies.

Click here to read the guidance on product returns.

Click here to read the guidance for on-premise retailers regarding to-go alcohol sale privileges.

Click here to read the guidance on extending the deadline for state liquor license renewals.


Overview of the Families First Coronavirus Response Act for Employers


Hinshaw & Culbertson has provided an overview of the Families First Coronavirus Response Act that was signed into law by President Trump last night. The law expands FMLA along with separate paid sick leave benefits to American workers. The law becomes effective April 2, 2020, and it also contains a sunset provision.

The summary contains key facts for (1) paid sick leave benefits and (2) the expansion of the family medical leave provision. As a threshold matter, employers will want to understand if they are subject to the new law, and which of their employees are entitled to the benefits. The summary also identifies the qualifying reasons for either sick pay benefits or expanded paid FMLA leave. Finally, among the important components are the compensation requirements and applicable caps.

Click here to read more. 


Action Alert - Tell Congress to Pass Restaurant Relief Now!


Congress is looking to pass a broad economic rescue package that the Trump administration estimates will be around $1.3 trillion. We need your help to ensure restaurant relief is properly addressed in this package.   

Economic forecasts indicate restaurants and the foodservice industry could sustain $225 billion in losses and eliminate 5-7 million jobs over the next three months. By taking action, you will tell your personalized story about how this has negatively impacted you, your employees, and your industry and call on President Trump and Congress for their support of the National Restaurant Association restaurant recovery plan. This plan provides direct and targeted relief designed to benefit restaurant and foodservice businesses of every size in every corner of the country.  

It will provide:

  • direct relief from a new restaurant recovery fund

  • community grants for disaster relief assistance

  • guaranteed loans and business interruption insurance

  • lost revenue coverage from the government

  • expand access to efficient and affordable loans

  • special disaster unemployment assistance for workers

  • tax breaks to help your cash flow

  • a fix to the QIP tax glitch

  • and more.

Please take a few moments to participate in this vital grassroots mobilization effort. We need Congress to act—and act fast.

Click here to take action. Anyone can take action on their phone by texting “Recovery” to 52886.

Download the below image to post and share the action alert on Facebook, Instagram, and Twitter.


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