SBA Business Resource Center
The SBA Business Resource Center will be open in Sherman Village Hall, 401 St. John Drive in Sherman starting July 12th at 11am.
The Resource Center will be open until July 24, 2023 with the following hours:
- Monday through Friday: 9:00am to 6:00pm
- Saturday: 10:00am to 2:00pm
Please reference the following documents for further details:
SBA’s mission team stands ready to help Illinois small businesses, small agricultural cooperatives, small aquaculture businesses, and private nonprofit organizations impacted by the March 31 severe storms in Illinois. For eligible applicants, the SBA offers Economic Injury Disaster Loans (EIDL) to help meet working capital needs caused by the disaster.
Interest rates are 4 percent for businesses and 2.375 percent for nonprofit organizations, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.