April 1, 2020
Melissa Conyears-Ervin (pictured) is the City of Chicago Treasurer, as well as chairman of the Chicago Catalyst Fund. The Chicago Catalyst Fund is contributing $50 million to the City of Chicago’s $100 million Chicago Small Business Resiliency Fund, which will help small businesses with financial challenges due to COVID-19. Photo courtesy of City Treasurer Melissa Conyears-Ervin
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NEW EMERGENCY LOAN PROGRAM TO BOOST SMALL BUSINESSES
To give small businesses and their employees a boost and lessen the financial challenge during COVID-19, city of Chicago Treasurer Melissa Conyears-Ervin and Mayor Lori Lightfoot have partnered to create a new Emergency Loan Program, with money from the Chicago Catalyst Fund, the City of Chicago and private sponsors.