Covid 19 Grant information

The State is using $20million in federal Community Development Block Grant money to provide working capital funds to businesses economically impacted by the COVID-19 virus.

The program makes funds available for 60 days of verifiable working capital up to a grant ceiling of $25,000 and is available for businesses that employ 50 people or less. These funds may be used to assist private for-profit small retail and service businesses, or businesses considered non-essential by the Governor’s Executive Order without the ability for employees to work remotely.

Please follow the below links for full information:

Press Release

Eligibility Information & FAQ's (must be located inside Sterling City limits!)

Preapplication (right-click and choose save as to open in Acrobat as a fillable form)

Complete Downstate Small Business Stabilization Grant Program Guidebook

Additional information from the State of Illinois on the Downstate Small Business Stabilization Program