In April 2020, the federal Small Business Administration (SBA) began to give out loans via the Paycheck Protection Program (PPP). By the end of the…
The Small Business Administration released more data about businesses who received Paycheck Protection Program loans under $150,000. Previously, the SBA did not release business names for businesses that received loans under $150,000.
Darrell Hoemann
Forty-eight out of approximately 90 small businesses in Champaign received a total of $520,000 in grants from the Small Business Incentive Program COVID Relief Grants. The money for these grants came from the Federal CARES Act fund. The city council amended the pre-existing Small Business Incentive Program so that the program could be used to distribute this new funding in an efficient and productive way.
CU-CitizenAccess provides a searchable database of Champaign-Urbana business that received loans under $150,000 from the Paycheck Protection Program.