Small Business Resources

Small Business Resources

Small Business Resources
 Program Source Capacity Eligibility Amount Rate    Term Use Notes

Payroll Protection Program



<500 Employees

Independent Contractors

Private non-profit



<2 Years

Working Capital

Loan equal to 2.5x average monthly payroll

Six month deffered payments

Eligible for forgiveness, non-taxable

No personal guarantee or collateral

Applications begin 4/3/20

Apply through SBA lender

SBA Economic Injury Disaster Loans and Emergency Advance



Meet SBA Small Business size standard 

Acceptable Credit Score


For profit: 3.75%

Non-profit: 2.75&

<30 Years

Working Capital

$10,000 Advance Grant within 3 Days

One year deferred payments

Loans <$25K can be uncollateralized

Apply online: switch browsers if having issues with website

SBA Express Bridge Loan Pilot Program 



Business meets SBA 7(a) requirements 

Existing Banking relationship with an SBA Express Lender


<Prime + 6.5%

<7 Years

Working capital for survival or reopening of the small business

Only available from SBA express lenders

Fees may apply

Illinois Small Business Emergency Loan Fund 



Outside City of Chicago

<50 Employees

2019 Revenue <$3M

More than 25% COVID-19 Revenue Impact

Minimum one year operation




5 Years

Working Capital

50% toward payroll & compensation (excluding salaries >$100,000)

Loan amount = pre-covid average monthly revenue

Commit to retain 50% of employees for 6 months

Six months deferred payments

Loan decision within 10 days

Illinois Downstate Small Business Stabilization Program 



Non-HUD Entitlement communities




Working Capital

Grant equals 60 days verified working capital

For profit retail service OR 

Declared non-essential by EO

<50 Employees

CDBG Regulations Apply

Subsidy for Current SBA Loan Payments 



Current & New 7a loan holders




6 months of paid principal & interest payments


Small Business Development Center

City of Rochelle Partnership w/ Kishwaukee & Waubonsee Colleges


Small Business Owners




Resource available for assistance with loan programs or small business guidance.  Funded by City of Rochelle and local sponsors.  Free to businesses.

Contact Jock Sommese:  or 267-275-6950 

US Chamber of Commerce Foundation US Unknown Small Business Owners $5,000 N/A N/A Grant program available to small businesses.

Residential Utility Late Fee & Shutoff Suspension 

Rochelle Municipal Utilities


Residential Customers

Late Fee


Thru 4/30


Contact RMU Customer Service to make payment arrangements at 815-562-4155

Hotel/Motel Tax Deferrment 

City of Rochelle


Hotel Owners

Tax Portion


Thru 5/31

Waives hotel/motel tax for two months for Rochelle hotel/motel owners


Housing Assistance 

Tri-County Opportunities Council


Must be within CSBG 125% income guidelines

Must have documentation of work/loss or medical proof of quarantine due to covid-19




This new program will provide financial assistance for two months of rent or mortgage (including escrow) for those that have been affected by the covid-19 pandemic.

Contact: Renee (Ogle County)

Residential Electric & Water Assistance

Rochelle Municipal Utilities


Current income 150% of poverty level

Income of 200% of poverty level (pending Council approval on 4/13)




Financial Assistance to cover water & electric bills through Rochelle Municipal Utilities

Call RMU Customer Service at 562-4155

Package Liquor Sales

City of Rochelle


Rochelle Restaurants & Bars



During Executive Ordered Bar/Restaurant Closure

Visit the link to fill out & submit form to Mayor Bearrows

For questions, contact Mayor John Bearrows or 815-561-2001

Small Business Seminar

City of Rochelle/Rochelle Chamber of Commerce






Tuesday 4/7 at 2pm or 6pm

Contact Jenny Thompson to register at or 815-440-6304


Restaurant Strong Fund Greg Hill Foundation & Sam Adams $2Million Full time (30+hours/week) Restaurant Employees $1,000 N/A N/A Apply online at:  
Round Two: Re-Start Rochelle City of Rochelle  $200,000 Small Businesses Deemed Non-Essential $6,000 N/A N/A To apply:  Re-Start Rochelle Small Business Assistance Program Rent, Utilities, Insurance, PPE


For assistance, contact any of these individuals:

 Name Organization E-Mail Phone
John Bearrows  City of Rochelle, Mayor 815-561-2001
Jeff Fiegenschuh  City of Rochelle, City Manager 815-561-2000
Michelle Pease  City of Rochelle, Community Development Director 815-561-2073
Peggy Friday City of Rochelle, Industrial Development Manager 815-561-2059
Jenny Thompson  City of Rochelle, Director of Marketing, PR & Tourism 815-440-6304
Tricia Herrera Rochelle Chamber of Commerce, Board President 815-562-4189
Chet Olson  Rochelle Chamber of Commerce, Director 815-562-4189
Dr. Jock Sommese Small Business Development Center 267-275-6950

 List of Essential Businesses:

Essential Businesses as determined by the State of Illinois

US Department of Labor Resources

U.S. Department of Labor: Guidance Regarding COVID-19 and the Family Medical Leave Act

U.S. Department of Labor: Guidance Regarding COVID-19 and the Fair Labor Standards Act

Federal Government Resources: