We know small businesses are facing challenges on a daily basis due to the COVID-19 pandemic. In addition to our deferment program specifically for WBD business borrowers, we offer this resource page for business borrowers to access financial aid information from state and federal programs. Please note - the programs listed on this page are currently operational with regulations that are now implemented. It will be updated as new programs and regulations become available.
For more information on the second round of PPP loans, click here.
You can also go to the SBA's PPP page on a daily basis to look for the latest updates.
For more information on the second round of PPP loans, click here.
You can also go to the SBA's PPP page on a daily basis to look for the latest updates.
Click here to access this guide that provides information about SBA programs and initiatives, including the Paycheck Protection Program.
The Wisconsin SBDC COVID-19 resource page provides information on loans and programs for businesses affected by COVID-19.
The SBDC has released a workbook for business owners to help them with future business planning and best practices. This guide - Navigating the New Normal: A practical Guide to COVID Response for Small Businesses, can assist business owners to:
In addition to this guide, the SBDC - funded in part by the Small Business Administration - also offers a wide range of courses taught by experts in their respective fields as well as no-cost business consulting.
The U.S. Secretary of Agriculture unveiled a one-stop shop of federal programs that can be used by rural communities, organizations and individuals by the COVID-19 pandemic. For more information on funding and partnership opportunities to help address this pandemic, see the COVID-19 Federal Rural Resource Guide.
Click here for programs available to USDA B&I and REAP borrowers/lenders
The Wisconsin Women's Business Initiative Corporation (WWBIC) is introducing two loan options for existing business owners available during COVID-19. The program is now offered through June 30, 2020. Borrowers can choose from a term loan or a line of credit. To learn more about these Fast Track Loan Programs, click here. If you're looking for information specifically on their Fast Track Line of Credit, click here.
In response to COVID-19, the Otto Bremer Trust (OBT) has established a $50 million emergency fund through its Community Benefit Financial Company (CBFC) subsidiary to provide financial support to Minnesota, Wisconsin, North Dakota, and Montana nonprofits and other community organizations impacted by and responding to the pandemic - https://ottobremer.org/emergency-fund/
SBDC and WBD have partnered with various Wisconsin organizations that are committed to offering assistance for small businesses during the current pandemic. Click the organization name below to be redirected to their websites:
The Office of Inspector General has asked that business owners and borrowers be on the lookout for scams and fraud schemes related to economic stimulus programs offered by the SBA in response to COVID-19. To find out more and how to spot potential fraud, go here.
For more information on the second round of PPP loans, click here.
You can also go to the SBA's PPP page on a daily basis to look for the latest updates.
Click here for programs available to USDA B&I and REAP borrowers/lenders