All loans subject to credit approval and final guidance from the SBA on the Paycheck Protection Program. Funds are limited and subject to availability.
Chicago Vendor Impact Fund
Paycheck Protection Program
As part of the Vendor Impact Fund, the City of Chicago is partnering with Community Reinvestment Fund, USA (CRF) and Goldman Sachs 10,000 Small Businesses to provide Paycheck Protection Program (PPP) loans to eligible certified firms of the City of Chicago.
In order to be eligible for a loan through the Vendor Impact Fund, a small business must meet the requirements detailed below.
- Have an active City contract (which may be as either a prime contractor or subcontractor)
- Have been in business for at least 2 years as of the date of application
- Preference will be given for businesses:
- with City of Chicago or Cook County MBE or other certification (WBE, VBE, BEPD)
- located within the City of Chicago
- located within a Qualified Investment Area in the City
- with the majority of their employees living in the City
- with a higher share of their employees living in disadvantaged areas of the City
If you did not receive a PPP loan in 2020, you can apply for a First Draw PPP loan this round. If you already received a PPP loan, you may be eligible for a second PPP loan called a “Second Draw”.
Please refer to the PPP Resources and PPP Requirements shown above before begin your application.
The federal Paycheck Protection Program (PPP) ends May 31, 2021. Unfortunately, We are no longer accepting new online PPP loan requests. We apologize for any inconvenience this may cause.
Get Started
All loans subject to credit approval and final guidance from the SBA on the Paycheck Protection Program. Funds are limited and subject to availability.
The information provided is solely for general knowledge and does not provide any professional advice regarding tax, accounting, legal, financial, or any other professional service. PPP borrowers should contact their professional service providers for a complete understanding of the PPP program requirements and forgiveness processes.
SBA regulations regarding the PPP program are subject to further limitations and changes. Borrowers must follow current regulations and processes based on SBA guidelines. All characteristics described above are from the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (Economic Aid Act), and/or the Coronavirus Response and Relief Supplemental Appropriations Act. The terms and information outlined above are subject to change upon further rulemaking or guidance from the U.S. Small Business Administration and the U.S. government.
Community Reinvestment Fund, USA
801 Nicollet Mall, Suite 1700 West
Minneapolis, Minnesota 55402
Tel. 800.475.3050
General Fax: 612.338.3236
Loan Servicing Fax: 612.359.6185
Registered 501(c)(3). EIN: 41-1616861
NMLS ID: 310577
AZ Mortgage Banker License ID: BK-1000774
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the California Finance Lenders Law
© 2021 Community Reinvestment Fund, USA. All rights reserved.
Community Reinvestment Fund, USA is an equal opportunity lender, provider, and employer.
About CRF
Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to empower people to improve their lives and strengthen their communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3 billion to stimulate job creation and economic development and support community facilities.
Learn more about CRF USA