Industry Specific Guidelines to reopen your Business
WEDC State Reopen Guidelines

SMALL Business Funding Opportunities
WEDC SB2020 Grant Program
Program Details
  • WEDC's SB2020 Grant Program has $5 million in funding for small
    businesses. SB2020 will provide up to $20,000 to targeted businesses to
    help ease short-term cash flow challenges and protect jobs and public
    health in Wisconsin.
  • Funds can be used to help cover rent, payroll expenses, and paid leave
    for employees. This program can be used in conjunction with other state
    response programs.
Links
WEDC SB 2020 Site
SB2020 Program Guidelines
SB2020 Program Information
SB2020 Program Resources

SBA Economic Injury Disaster Loan
Program Details
  • The U.S. Small Business Administration (SBA) is offering low-interest
    federal disaster loans for working capital to small businesses suffering
    substantial economic injury as a result of the Coronavirus (COVID-19).
  • SBA's Economic Injury Disaster Loans are available to small businesses,
    small agricultural cooperatives, small aquaculture businesses, and most
    private non-profit organizations. This includes: businesses directly
    affected by the disaster, businesses that offer services directly to the
    businesses in the declaration, and other businesses indirectly related
    that are likely to be harmed by losses in their community.
  • Eligible businesses may qualify for loans of up to $2 million. Funds can
    be used for paying fixed debts, payroll, accounts payable, and other bills
    that could have been paid had the disaster not occurred. It is important
    to note that this loan is not intended to replace lost sales or profits or
    expansion.
Award Determination
Eligible entities may qualify for loans of up to $2 million. Award amount is
based on the size and type of business and its financial resources.

I
nterest Rates
For-Profit Businesses: 3.75%
Non-Profit Businesses: 2.75%
Terms of up to 30 years

Links
SBA Disaster Loan
SBA Press Release
SBA Newsletter
SBA Size Standards
Disaster Assistance
SBA Guidance Resources
SBA Paycheck Protection Program

Kiva US Small Business Loans
Program Details
Kiva is a 501(c)3 non-profit organization that aims to expand access to capital
for small businesses. Kiva is offering 0% interest loans for up to $15,000 with
grace periods of 1-6 months.

Qualifications
  • Must live and operate in the United States
  • Must be at least 18 years old
  • Must use the loan for business purposes
  • Must have a bank account
  • Cannot currently be in bankruptcy

Links
Kiva Loan Page
Kiva Loan Application
Kiva Loan Announcement
Frequently Asked Questions

WWBIC Fast Track Loans
Program Details
The Wisconsin Women’s Business Initiative Corporation (WWBIC) is open for
business virtually to all! For current and new small business clients, they are
offering fast track loans up to $25,000!
Please contact Michael Hetzel, Director of Lending: mhetzel@wwbic.com
for more details.
More Information regarding the WWBIC Fast Track Loan will be available
Friday, March 27.

Links
WWBIC Lending Page
Lending Application
Borrower FAQ
Business Education
Financial Education

Facebook Small Business Grant Program
Program Details
Facebook is offering $100 million in grants to support over 30,000 small
businesses in over 30 countries. Facebook will be accepting applications for
grants in the coming weeks.

Business Resource Hub
Facebook also has created a Business Resource Hub to help businesses
navigate through and build resilience during the COVID-19 outbreak. This hub
includes a Resilience Toolkit, a Quick Action Guide, and Courses on a variety
of topics.

Links
Grant Information
Business Resource Hub
Resilience Toolkit
Quick Action Guide
Courses

USDA Rural Development
COVID-19 Federal Rural Resource Guide


Hmong Wisconsin Chamber of Commerce Emergency Loan Fund
Program Details
The Hmong Wisconsin Chamber of Commerce (HWCC) has announced a new
Emergency Loan Fund (COVID-19) in response to the negative impact that
Coronavirus (COVID-19) has had on the Wisconsin business community. These
funds are primarily used for working capital to cover rent, payroll, and other
fixed expenses. This loan fund is similar to HWCC’s existing Revolving Loan
Fund (RLF) Small Loan programs but with a slightly lower rate and an interest-
only option for the first 3 months. Loans range from $5,000 and up to $10,000.
For more information about terms and interest rates, please contact HWCC
Operations Manager, Ger Thao: ger@hmongchamber.org

Links
HWCC Emergency Loan Fund
HWCC Home Page
HWCC Business Loans
HWCC COVID-19 info

Organizations

U.S. Small Business Administration
The U.S. Small Business Administration (SBA) helps small business owners and
entrepreneurs pursue the American dream. The SBA is the only cabinet-level
federal agency fully dedicated to small business and provides counseling,
capital, and contracting expertise as the nation’s only go-to resource and
voice for small businesses.

SBA's COVID-19 Small Business Guidance & Loan Resources Page is an
excellent resource for small businesses to tap into during the Coronavirus
pandemic. It includes information or guidance for the following topics:
  • Economic Injury Disaster Loan Program
  • SBA Express Bridge Loans
  • Guidance for Businesses and Employers
  • SBA Products and Resources
  • Government Contracting
  • Local Assistance
SBA also provides an e-newsletter, subscribe here, that provides free small
business tips, online training, and information.

Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) leads economic
development efforts for the state by providing resources, operational support
and financial assistance to companies, partners and communities in
Wisconsin. Working with more than 600 partners across the state, including
regional economic development organizations, academic institutions and
industry clusters, WEDC develops and delivers solutions that help
businesses, communities and people maximize their potential in Wisconsin.

The
WEDC COVID-19 Business Resources Page provides the latest, best
information to our clients and the citizens of Wisconsin on resources aimed at
maintaining the vitality of the companies upon which our economy depends.
WEDC plans to update this directory as new information and resources
become available. Included on this page are resources available to Wisconsin
businesses from WEDC and other local, state and federal agencies.
WEDC can be reached via phone at (608) 210-6700, or on the
web.

Wisconsin Small Business Development Center
The Wisconsin Small Business Development Center (SBDC) is an excellent
resource for small businesses throughout Wisconsin. The Wisconsin SBDC
offers consulting, education, referrals, sophisticated tools and resources,
whether you’re just getting started or looking for ways to improve your
business, visit the
Wisconsin SBDC website for more information about how
they can help your business.

The SBDC has created this
COVID-19 Page to "anchor important resources and
information amid quickly changing conditions and unprecedented measures
during the COVID-19 pandemic." This resource page provides information and
links to funding opportunities, provides resources for businesses impacted
by COVID-19, and provides information about other organizations that can help
during this time of need as well.

The SBDC has
centers located across the state that are available to work with
you via phone or virtual means. To contact the Wisconsin SBDC click
HERE.

Personal Assistance
Click here for Coulee CAP COVID-19 Resources
COVID-19 Small Business Resources
MISSISSIPPI RIVER REGIONAL PLANNING COMMISSION
Providing Planning and Economic Development Services to Improve the Region's Environment, Economy and Quality of Life