Happy Holidays from McDonald Hopkins

Selling a business isn’t just a transaction—it’s a transition, and for some, it can be an emotional one. And if you’re not prepared, it can cost you time, money, and your peace.

On February 3, the Illinois Department of Commerce and Economic Opportunity posted its Notice of Funding Opportunity to apply by May 8, 2025, for grants under the Illinois Digital Equity Capacity Grant Program.

The Small Business Administration's Working Capital Pilot Program is designed to provide small business owners with greater flexibility and access to working capital through a line of credit of up to $5 million. It is targeting borrowers that have been in business for at least one year and are slightly larger than the typical small business borrower – here's what you need to know.