NEED OFFICE SPACE? CLICK HERE! COVID-19 RESOURCES development maintenance request capital and investments more contact FIRST MIDWEST GROUP TENANT RESOURCES PROGRAM Resources Page It is essential to balance the impact corona virus is having on businesses across the region. First Midwest Group is here to help and support our tenants in finding that balance however we can. We have created the First Midwest Group Tenant Resource Program to help you navigate and understand the loans, grants, and programs available to you. If you are a First Midwest Group tenant, please call us at (815) 229-3000 and mention the First Midwest Group Tenant Resource Program. If you are not a First Midwest Group Tenant, we would still like to help. Below is a list of resources available to business owners. These include Federal, State, Local, and private funds. We will be updating this list as additional programs are created. Local Programs Rockford Area Convention and Visitors Bureau’s Resource Center offers listings of open restaurants, business closures, and learning opportunities. If you are a restaurant, RACVB will list the location and if you are open for delivery, carryout, or through a third-party delivery app. If you are a hotel or attraction, RACVB will list if you are open or what additional procedures you have in place to ensure the safety of your guests and staff. Small Business Emergency Relief Fund of Rockford aids local businesses through the next 60-90 days until additional state and federal funds are made available. Your business should be a for-profit organization with less than 100 employees, have an average credit score, and a year of operations or other financial information to qualify. To learn more about this fund, contact John Phelps at John@rldc.us or Andrew Jury at Andrew@rldc.us or call at 815-987-8675. Rockford Art Deli created the #HereForGood program to provide aid to small businesses. This program works by selling shirts with a small businesses logo/design from which the business receives $10 of each shirt. State Programs Illinois Small Business Emergency Loan Fund offers small business loans low-interest loans up to $50,000. Your business should have less than 50 people and less than $3 million in revenue in 2019 to qualify as a business outside of Chicago. Borrowers need to have experienced a 25% decrease in revenue as a direct result of COVID-19. Successful applicants will pay nothing for six months. These loans are 5-year, 3% simple annual interest loans. Please be aware that non-profits and farms are not eligible. Federal Programs The United States Small Business Administration has several programs to help businesses through this time, including the Paycheck Protection Program, Economic Injury Disaster Loans and Loan Advance, SBA Debt Relief, and SBA Express Bridge Loans. Private Organization Programs Facebook Small Business Grant is offering $100 million in grants to companies experiencing disruption during this outbreak. The specifics of this program have yet to be released. This information will be updated as more information is made public. THE ABOVE REPRESENTATIONS ARE NOT NOR ARE THEY INTENDED TO BE TAX OR LEGAL ADVICE AND ARE ONLY INTENDED FOR INFORMATIONAL PURPOSES. WE DO NOT MAKE ANY CLAIM OR REPRESENTATION REGARDING THE SUITABILITY OR AVAILABILITY OF ANY OF THE PROGRAMS DESCRIBED HEREIN FOR YOU, YOUR BUSINESS OR ANY OTHER BUSINESS OR THIRD PARTY WITH WHOM YOU MAY SHARE THIS INFORMATION. PLEASE CONTACT YOUR TAX ADVISOR, ATTORNEY OR BANKING RELATIONSHIP MANAGER REGARDING THESE PROGRAMS AND HOW THEY MAY BE UTILIZED BY YOU, YOUR BUSINESS. Serving the Midwest since 1984 home | about | properties | related businesses | contact (815) 229-3000 | info@FirstMidwestGroup.com 6801 Spring Creek Rd. Rockford, IL 61114 First Midwest Group is one of the Midwest’s leading commercial real estate developers. First Midwest Group provides communities with full-service real estate and retail development, property management, and hospitality projects. © 2021 FIRST MIDWEST GROUP. ALL RIGHTS RESERVED.