COVID-19 Business Resources

Our banking experts are always working to optimize your business banking experience. We are doing our best to help find the right tools and solutions to help you in this unprecedented time.

If your business is financially struggling due to COVID-19 or you are predicting struggles in the future, reach out to us. Whether it’s for you or your business, having a plan may help you find a little peace of mind. Don’t be afraid to reach out if you find yourself in a reactive situation. We understand that there are so many unpredictable variables in this journey, and we want to help any way we can.

 Below are some of the resources currently available, Please note, this COVID-19 journey seems to change daily. We would advise you to reach out to our banking experts first. Together we can work to find the right solutions for your financial situation. 


SBA (Small Business Association)

Update 4-20-20 - Paycheck Protection Plan (PPP)

As of right now, the SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. 

Paycheck Protection Plan

The Coronavirus Aid, Relief and Economic Security (CARES) Act was signed into law on March 27, 2020. The $2 trillion Coronavirus Economic Stimulus bill is aimed at providing relief for individuals and businesses that have been negatively impacted by the outbreak.

The Paycheck Protection Program (PPP) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. Click here to read the SBA interim final rule.

We are fortunate to provide you access to this program through our third-party provider, Kabbage, Inc. Here you will be able to apply, submit documents and work through the process with them directly. Kabbage, Inc will handle all of the correspondence, underwriting, funding and servicing. Click the button below to start your application now!

Start Your Application Now!


Economic Injury Disaster Loan Emergency Advance

This loan advance will provide up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid. Click here to read more.


SBA Disaster Loan

SBA Webinars

The SBA is offering free webinars about the assistance they are providing. These webinars tend to fill up fast. However, as of right now, it looks like they are adding more as needed. Click here to view the available webinars. 

For more information on the different programs the SBA is offering right now go to:


Resources for Illinois Businesses 

Illinois Small Business Emergency Loan Fund

This is a Small Business Emergency Loan Fund to offer small businesses low interest loans of up to $50,000.

Businesses located outside of the City of Chicago with fewer than 50 workers and less than $3 million in revenue in 2019 will be eligible to apply. Successful applicants will pay nothing for six months and will then begin making fixed payments at a below market interest rate for the remainder of a five-year loan term. Click here to learn more.


Downstate Small Business Stabilization Program

The program component makes funds available for 60 days of verifiable working capital up to a grant ceiling of $25,000 and is available for businesses that employ 50 people or less. Click here to learn more.


Local Economic Development Organizations

Greater Freeport Partnership (Stephenson County)

NW Illinois Economic Development (Jo Daviess, Carroll and Whiteside counties)

Please contact our lenders with any questions or concerns.

Freeport & Kent Locations

Jeff Williams


Forreston Location

Ed Vock, Susan Engelkens, or Ryan Martz


FSB Online and Mobile Banking Options

Bank when and where it's most convenient for you! Be sure to also checkout our click-thru demos on our website at

Interactive Video Player

Interactive Video Player

Interactive Video Player

Interactive Video Player

Share this article