Carterville Chamber of Commerce

Carterville, Illinois, is located on Route 13 between Marion and Carbondale. Its close proximity to these growing communities allows for a small town atmosphere with larger city conveniences. Carterville is a wonderful place to live and work!

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SBA Disaster Assistance Related to Coronavirus Event

Help is available!

This information from the SIU Small Business Development Center in Carbondale and the attachment is an informational sheet from the U. S. Chamber, reference obtaining Coronavirus related assistance for your business.  Select READ MORE in the lower right had corner for more information.


• The state must declare that a county has been affected by the virus, meaning that at least five businesses in that county have been negatively affected. Once that happens, businesses in that county and any county touching it can apply. This process is currently being initiated.

 You can see the list here: to see when our clients’ counties are added to the list.
• Credit history, ability to repay, and eligibility will still play a part in whether or not a business receives the loan.
• The terms of the loan are as follows:
o Up to $2 million
o Fixed 3.75% for small businesses
o Fixed 2.75 for nonprofit organizations
o Can be stretched up to 30 years
o Four month deferment of payment, which starts on the date of the promissory note
o EID loans over $25,000 require collateral, preferable real estate
 Loans will not be declined for lack of collateral, but what is available must be pledged
o There is no minimum for how long a business must have been around. It is harder, though, for newer businesses to prove they lost income.
o They are still using the NAICS size standards for these loans
o It is a direct lending program by SBA; does not go through a bank.
o The business must have a physical presence in the declared disaster area. This includes home-based offices. PO Boxes aren’t accepted.
o Maximum unsecured loan amount is $25,000.
o There is no obligation to take the loan if offered.
o No cost to apply
o Applicants can have an existing SBA Disaster Loan and still quality for an EIDL for this disaster, but the loans cannot be consolidated.
o Can take up to 21 days for a loan decision at the moment, but they are working on streamlining that process.
o If denied, they will have opportunities to increase collateralization, write explanations, etc. because they have reconsideration rights.
o The list of ineligible organizations is on the slides.
o This is a working capital loan, which is to be used to pay fixed debts, payroll accounts payable, and other bills that could have been paid had the disaster not occurred.
Once eligible, businesses can apply here:

As new information comes in, will will continue to send updates as they happen via email or Facebook page -

If there is anything the SBDC can do to help, are are ready to assist. We are working remotely, so if you have questions contact your advisor or email or call 618-536-2424.

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