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U.S. Small Business Administration (SBA)
Paycheck Protection Program
An SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis.
The Paycheck Protection Program resumed accepting applications July 6, 2020, at 9:00 AM EDT in response to President signing the program’s extension legislation. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020.
Now Accepting New Applications for Economic Injury Disaster Loans (EIDL)
In response to the Coronavirus (COVID-19) pandemic, small business owners and non-profit organizations in all U.S. states, Washington D.C., and territories are able to apply for an Economic Injury Disaster Loan (EIDL). EIDL is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities, and fixed debt payments.
SBA resumed accepting new Economic Injury Disaster Loan (EIDL) applications on June 15 to all qualified small businesses, including U.S. agricultural businesses.
Small Business Development Center (SBDC)
Other Funding Programs and Resources:
- Department Of Agriculture, Trade and Consumer Protection (DATCP) announces $50/M For Wisconsin Farm Support Program beginning June 15.
- Kiva US Business Small Loans – 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 of up to $15,000 with grace periods of 1-6 months.
- Wisconsin Women’s Business Initiative Corporation (WWBIC) – is focused on existing businesses looking for business financing during COVID-19. Business owners have two options to pick from depending on their needs: a line of credit or a term loan.
- LISC Small Business Grant Program – Third round of grants for small businesses up to $10,000 opening May 14.