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.

Paycheck Protection Program (PPP) - Updated 1/12/21
+  Paycheck Protection Program Resources

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.

The CARES Act - Updated 1/12/21
+  Paycheck Protection Program - Updated 1/12/21

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.

+  Small Business Owner's Guide

Click here to access this guide that provides information about SBA programs and initiatives, including the Paycheck Protection Program.

Business Loans and Grant Information - Updated 1/8/21
+  Wisconsin Small Business Development Center (SBDC) - Updated 1/8/21

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:

 

  • Reflect on where they were and the decisions they made at the beginning of COVID to see how those decisions impacted the business.
  • Re-evaluate their business more holistically by identifying what best practices they would like to begin, continue or enhance moving forward.
  • Refocus their business plan by narrowing down their ideas into top priority SMART goals that they can then act on themselves or assign to another member of their team.

 

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.

+  Economic Injury Disaster Loans (EIDL) - Updated 1/8/21

In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus (COVID-19).

 

Click here to access an FAQ on EIDLs.

 

The SBA is accepting applications for all eligible businesses and agricultural businesses. The application is available here.

+  Rural Development Programs - Updated 10/22/20

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

+  WWBIC Fast Track Loan and Line of Credit Program

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

+  SBA Express Bridge Loan (EBL)
  • The EBL Program is designed to supplement the Agency's disaster loan capabilities and authorizes SBA Express Lenders to provide expedited SBA-guaranteed bridge loan financing on an emergency basis in amounts of up to $25,000 for disaster related purposes to small businesses who may be awaiting long-term financing, including EIDLs.
  • Please note: EBL loans can only be made by SBA Express Lenders that had a valid SBA Form 2424 in effect as of the date of the applicable disaster.
  • SBA Express Lenders may only make EBL loans to eligible small businesses with which the Lender had an existing banking relationship on or before the date of the applicable disaster.
  • For more information on Express Bridge Loans, click here.

 

+  Otto Bremer Trust Fund - Updated 3/26/20

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/

Business Development Partners
+  Wisconsin Organizations Providing Assistance

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:

 

Federal And Government Information
+  Beware of Scams and Fraud Schemes

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.

+  Federal and Government Resources
Employer Resources
+  Tax Credit Info and Other Resources
Lender Resources
+  Paycheck Protection Program - Updated 1/12/2021

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.

+  SBA Express Bridge Loan (EBL) - Updated 10/22/20
  • The EBL Program is designed to supplement the Agency's disaster loan capabilities and authorizes SBA Express Lenders to provide expedited SBA-guaranteed bridge loan financing on an emergency basis in amounts of up to $25,000 for disaster related purposes to small businesses who may be awaiting long-term financing, including EIDLs.
  • Please note: EBL loans can only be made by SBA Express Lenders that had a valid SBA Form 2424 in effect as of the date of the applicable disaster.
  • SBA Express Lenders may only make EBL loans to eligible small businesses with which the Lender had an existing banking relationship on or before the date of the applicable disaster.
  • For more information on Express Bridge Loans, click here.

 

+  Rural Development Program

Click here for programs available to USDA B&I and REAP borrowers/lenders