PARK FOREST – State Senator Patrick Joyce (D-Essex) is encouraging small businesses to apply for COVID-19 relief funds through the U.S. Small Business Administration’s Paycheck Protection Program.

“This program is a great opportunity for businesses to gain some financial certainty while they try to weather this pandemic,” Joyce said. “I strongly encourage small businesses to contact their banks before the Aug. 8 deadline to see if they are eligible to benefit.”

The application period has been extended to allow more businesses to apply for a portion of $10 million in relief funding. Loans will be distributed on a first-come, first-served basis and may be used to keep employees on the payroll and pay overhead expenses.

More than 27,000 Illinois businesses have already taken advantage of the loans – saving an estimated 1.36 million jobs – according to the Small Business Administration.

PPP loans have an interest rate of 1% and can be fully forgiven if they are used for eligible costs, including payroll, rent, utilities or interest on mortgages. To find participating lenders, business owners and managers can visit the Small Business Administration’s website here.

PARK FOREST – With the income tax filing deadline approaching, State Senator Patrick Joyce (D-Park Forest) is reminding residents to file their state and federal taxes on or before July 15.

“Because of COVID-19, the filing deadline was extended to July 15,” Joyce said. “While the extension provided taxpayers a few extra months to make payments during this pandemic, the deadline is almost here, and I am urging residents to file their 2019 income taxes as quickly as possible.”

According to the Illinois Department of Revenue (IDOR), the fastest, most secure way to receive a refund is to file a tax return electronically and request a direct deposit into a checking or savings account. Taxpayers may file and pay their IL-1040 for free through MyTax Illinois. Taxpayers who have already filed a return can check their status at www.MyTax.Illinois.gov.

For the most up-to-date information, forms, schedules and instructions for the 2019 tax year, please visit IDOR’s website at tax.illinois.gov.

PARK FOREST – To reduce heavy customer volume at driver services facilities and ensure current documents remain valid, State Senator Patrick Joyce (D-Park Forest) is drawing attention to the new renewal extension date for driver’s licenses, identification cards and license plate stickers.

“The Secretary of State has extended renewal expiration dates until Nov. 1,” Joyce said. “This decision will give motorists some peace of mind while also reducing the amount of in-person interaction necessary when renewing licenses and registrations.”

Many transactions, including renewing license plate stickers, can be done online, preventing people from waiting in line.

“During this current heat wave, I would suggest residents consider delaying their visit to a facility. But if you must visit a facility, please come prepared to wait outside due to social distancing, which limits the number of people inside a facility at one time,” Secretary of State Jesse White said.

Through July 31, driver services facilities are serving only new drivers, customers with expired driver’s licenses and ID cards, and vehicle transactions. Customers who must visit a facility to renew their driver’s license or ID card are encouraged to fill out the preregistration application here before their visit, which will speed up their transaction while at the facility.

PARK FOREST – State Senator Patrick Joyce (D-Essex) is promoting free credit reporting websites for people to assess their financial situations.

“The COVID-19 crisis has forced many of us to shift our priorities,” Joyce said. “While people are focusing on taking care of their families and making ends meet, it’s important to keep track of their financial situation, too.”

Federal law requires each of the three nationwide consumer credit reporting companies—Equifax, Experian and TransUnion—to provide a free credit report every 12 months if requested. As a result of the COVID-19 pandemic, these companies are offering free online weekly credit reports through April 2021.

The information in these reports may affect mortgage rates, credit card approvals, apartment requests and job applications. Reviewing credit reports can also help catch signs of identity theft early.

“By knowing their credit score, people get an opportunity to better their financial situation,” Joyce said. “I encourage residents to check their credit reports often since it can be done free of charge every week.”

To find out more about why credit is important or to request a credit report, visit www.AnnualCreditReport.com.