COVID-19 Financial Assistance Guidance

Below is a compilation of programs currently providing financial assistance to small businesses.

Businesses will be asked to supply the following information as part of the application process. Each business should contact their accountant and lender to collect the following documents in order to apply for financial assistance programming.

  • Tax Information Authorization (IRS Form 4506T) for the applicant, principals and affiliates.
  • Complete copies of the most recent Federal Income Tax Return – Two years
  • Schedule of Liabilities (SBA Form 2202).
  • Payroll Reporting for 2019 and YTD 2020
  • Personal Financial Statement (SBA Form 413)
  • Monthly Profit and loss statements – Two years
  • Monthly sales figures (SBA Form 1368)
  • Business that measure backlogs as a tool; utilize pre and post pandemic backlogs to measure lost business opportunities
  • Begin tracking COVID-19 related expenses incurred.

WINNEBAGO COUNTY LOAN   Outagamie County  LOAN

SBA DISASTER LOANS

(U.S. Small Business Administration)

Visit the Website

WEDC SB 20/20

(Wisconsin Economic Development Corporation Small Business 20/20)

Visit the Website

CARES ACT

(The Coronavirus Aid, Relief, and Economic Security Act)

Visit the Website

DO I QUALIFY?

The SBA offers disaster assistance in the form of low-interest loans to businesses, renters, and homeowners located in regions affected by declared disasters.

DO I QUALIFY?

The Small Business 20/20 Program provides grant funds to approved community development financial institutions (CDFIs). 

Businesses that are not currently CDFI clients are not eligible to access these funds, but WEDC will work to expand access to funding through other programs as more resources become available.

DO I QUALIFY?

You are eligible if you are:

  • A small business with fewer than 500 employees
  • A small business that otherwise meets the SBA’s size standard
  • A 501(c)(3) with fewer than 500 employees
  • An individual who operates as a sole proprietor
  • An individual who operates as an independent contractor
  • An individual who is self-employed who regularly carries on any trade or business
  • A Tribal business concern that meets the SBA size standard
  • A 501(c)(19) Veterans Organization that meets the SBA size standard

In addition, some special rules may make you eligible.

HOW DO I APPLY?

The process to apply for disaster assistance is simple. To qualify, your business or home must be in an affected area as stated by a disaster declaration.

 

HOW DO I APPLY?

This program has a one-time competitive application process for approving and awarding the CDFI and the initial dollar allocation. Applicants should contact an Account Manager and complete an application for funding. The completed applications will be assigned to a committee for review and recommendation.

For more information on application review, internal process, and award distribution, please refer to WEDC’s award administration policies and procedures.

 HOW DO I APPLY?

*APPLICATIONS ARE CURRENTLY CLOSED FOR THE PAYCHECK PROTECTION PROGRAM (PPP).*

To apply contact a SBA preferred lender for more information.

Currently, the SBA guarantees small business loans that are given out by a network of more than 800 lenders across the U.S.

Paycheck Protection Program Application

Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. 

View the U.S. Chamber's Guide to PPP Loan Forgiveness which helps borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan forgiveness process. 

LEARN MORE:

Current Declared Disasters (sba.gov)

SBA Loan Disaster Webinar

SBA Fact Sheet

U.S. Chamber Economic Injury Disaster Loan Guide

For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov

LEARN MORE:

SB 20/20 FAQs

LEARN MORE:

U.S. Chamber of Commerce Guide and Checklist 

Guide to the Employee Retention Tax Credit (U.S. Chamber)

Direct Support for Wisconsin Small Businesses (baldwin.senate.gov)

Paycheck Protection Program Information Sheet

Business Loan Program Temporary Changes; Paycheck Protection Act (home.treasury.gov)

Available Small Business Aid as part of the CARES Act (U.S. Chamber)

Comparison of EIDL and Paycheck Protection Programs 

 

 OTHER LOANS & GRANTS

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