Illinois Administrative Code
Title 14 - COMMERCE
Part 690 - BUSINESS INTERRUPTION GRANT PROGRAM
Subpart E - REPAYMENT OF ELIGIBLE LOANS UNDER THE EMERGENCY LOAN FUND PROGRAM
Section 690.320 - Priority Status
Universal Citation: 14 IL Admin Code ยง 690.320
Current through Register Vol. 48, No. 38, September 20, 2024
Priority for financial assistance under this repayment program shall be given to borrowers first. After eligible borrowers are offered financial assistance, priority will be given to businesses who applied but did not receive a loan under ELF that are located in a disproportionately impacted area, did not receive financing under the Paycheck Protection Program, or are located in downstate Illinois. If funds under this repayment program remain unobligated after the initial disbursement to the previously mentioned groups, the Department's qualified partner will select additional recipients from applicants of this repayment program, utilizing a lottery method.
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