Grant Directory

Verified government funding opportunities

Downstate Small Business Stabilization Program

Open

Illinois DCEOILSmall Business

Deadline: state

Updated: Dec 5, 2025

Summary

A statewide working-capital grant supporting small businesses in rural and downstate Illinois communities facing financial hardship.

Eligibility

Small businesses in downstate / rural Illinois; must meet size standards and demonstrate COVID-19 or economic hardship; county/municipal application required

Full Description

The Downstate Small Business Stabilization Program provides direct working-capital grants (generally capped around $25,000) to small businesses located outside the Chicago metro region. Funds can be used to cover payroll, rent, utilities, inventory, and essential operating costs during periods of economic downturn or hardship. Local units of government apply on behalf of eligible businesses, making this program ideal for rural or small-town entrepreneurs needing emergency financial support to stabilize operations, retain staff, and continue generating local economic activity.
Apply on official siteUpdated Dec 5, 2025

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