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Chicago Sun-Times
Chicago Sun-Times
National
Fran Spielman

Lightfoot offers 25% cash advance to small businesses, community organizations and nonprofits seeking federal relief funds

Lori Lightfoot Toni Preckwinkle
Mayor Lori Lightfoot announced Friday a plan to advance federal relief money to small businesses, community organizations and nonprofits. | Tyler LaRiviere/Sun-Times file

Small businesses, community organizations and nonprofits seeking to tap into an avalanche of federal funds not seen since the 1930s will get 25% of the money upfront, Mayor Lori Lightfoot announced Friday.

Lightfoot offered the unprecedented cash advance during a first-ever virtual “Readiness Summit” Friday jointly hosted by the city, county and state government.

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