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2020 CBG GUIDEBOOKDownstate Small Business Stabilization ProgramDOWNSTATE SMALL BUSINESS STABILIZATION PROGRAMState of Illinois Dept. of Commerce and Economic Opportunity (DCE)Clarified 4/1/20202020
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How to fill out downstate small business stabilization

01
To fill out the Downstate Small Business Stabilization application, follow these steps:
02
Start by downloading the application form from the official website.
03
Read the instructions and eligibility criteria carefully to ensure your business qualifies.
04
Gather all the required documents including financial statements, tax returns, and proof of business ownership.
05
Fill out the application form accurately, providing all the requested information.
06
Double-check the form for any errors or missing information.
07
Attach all the necessary supporting documents to the application.
08
Review the completed application and supporting documents to make sure everything is in order.
09
Submit the application either online or by mail, following the specified submission guidelines.
10
Await a response from the program administrators regarding the status of your application.
11
If approved, follow the instructions provided to receive the downstate small business stabilization funds.

Who needs downstate small business stabilization?

01
Downstate Small Business Stabilization is designed for small businesses located in downstate Illinois.
02
Any small business located in the designated downstate areas and facing financial hardships due to external factors such as natural disasters, economic downturns, or public health emergencies may be eligible for this program.
03
Businesses that have experienced significant revenue loss or increased expenses, and are in need of financial assistance to stabilize their operations, can benefit from the Downstate Small Business Stabilization program.
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Downstate small business stabilization is a program aimed at providing support and assistance to small businesses located outside of major urban areas in order to help them stabilize and grow.
Businesses located outside of major urban areas that meet certain criteria are required to file for downstate small business stabilization.
To fill out downstate small business stabilization, businesses need to provide information about their operations, financials, and other relevant details as required by the program.
The purpose of downstate small business stabilization is to help small businesses outside of major urban areas to overcome challenges, stabilize their operations, and promote economic growth in those regions.
Businesses must report information such as financial statements, employment data, business activities, and any other relevant information required by the program.
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