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CLC Small Business Survival Guide helps Lake County economy persevere

by Public Relations and Marketing | Published Mar 26, 2020

Illinois Small Business Development and International Trade Center (SBDC-ITC) at the College of Lake County quickly responded to the needs of local small businesses with an informative how-to guide for navigating the COVID-19 pandemic.

In cooperation with the U.S. Small Business Administration (SBA), SBDC-ITC created the a Small Business Survival Guide during COVID-19 (PDF). Small business owners can refer to this consolidated resource of information about emergency preparedness plans, calculating economic injury, unemployment guidelines and more. The guide also includes instructions for how to secure a low interest SBA disaster assistance loan so businesses can maintain operations during the downturn caused by COVID-19.

“These times are unprecedented but not unmanageable,” said Mitch Bienvenue, SBDC-ITC manager at the college. “Businesses concerned with their long-term business impact can use this simple guide for essential information about how to keep their business open and get the money they need to maintain operational working capital.”

The guide will continue to be updated at least twice a day to provide the most current information about agencies that help small businesses, including Lake County government, health department, workforce development, municipalities, chambers of commerce and more. The most recent version includes additional options for submitting loan applications and information about required business documentation.

“The best thing business owners can do is have all these documents ready before you begin applying for a loan,” said Bienvenue. “This helps things move quickly and seamlessly.”

Since the situation with COVID-19 is fluid, business owners should visit the SBDC-ITC resource frequently. Information is evolving as more resources become available.