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BUSINESS INCENTIVES:

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.

First Draw:   For those eligible and have not yet received a PPP.

Second Draw: The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan.

Click here for Access to the latest SBA Loans and Grants Resources

****NEW**** In order to reach the smallest businesses, SBA will offer Paycheck Protection Program loans to businesses with 20 or less employees and sole proprietors only from Wednesday, February 24 through Wednesday, March 10, 2021. President Biden has also announced additional program changes to make access to PPP loans more equitable.

COVID-19 Economic Injury Disaster Loans (EIDL)

This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.

Small Business Development Center (SBDC)

Other Funding Programs and Resources:

  • FedEx Small Business Grant Contest: Running a small business isn’t easy. And in 2020, it was as difficult as it’s ever been. What could you do with $50,000 for your small business? The FedEx Small Business Grant Contest is back, offering over $250,000 in cash and prizes to 12 winners. Entries will be accepted February 16 through March 9. To be eligible to enter, you must have a 9-digit shipping account number with FedEx.
  • Small Business Grants COVID-19 Relief: Where to Find Free Money in 2020. Nav is a company committed to bringing small business owners objective, actionable content for free. It regularly works with the U.S. Small Business Administration and local Small Business Development Centers to host educational presentations, webinars and more.
  • Shuttered Venue Operators Grant – Emergency assistance for eligible venues affected by the COVID pandemic.
  • 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.
  • Venturize – As developments continue to unfold in response to the spread of COVID-19, we know many small businesses have questions about implications in the workplace and funding options to help bolster their businesses during this difficult time. We are compiling relevant tips and resources and information on new funding opportunities, how to get your business online and how to manage your employees.

Wisconsin Manufacturers & Commerce (WMC)

Business Resources:
     >  COVID-19 Employer Toolkit
     >  Relief & Recovery Agenda

More National, State, and Local Resources for Businesses

24/7 COVID-19 HELPLINE 1-877-988-0880 (toll free).

Wisconsin COVID-19 Vaccine Hotline 1-844-684-1064 (toll free).