EDWC is curating available resources for businesses facing challenges due to the impact of COVID-19. Our focus is on providing a single source for information with an eye for what will benefit Washington County businesses. We will update this page as new information becomes available.  (Updated 12/29/2020)

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Grant Programs Available

Grant Type Grant Dates Grant Details More Info
No Grants Available at this time

Financial – Immediately Helpful

What Who Benefit More Info
CARES Act Programs SBA Funding Programs
  • Paycheck Protection Program
  • EIDL Loan Advance
  • SBA Express Bridge Loans
SBA Funding Options
Have an existing SBA Loan? SBA’s additional debt relief
  • SBA will automatically pay the principal, interest and fees of CURRENT 7(a), 504 and microloans for a period of six months
  • SBA will also automatically pay the principal, interest and fees of NEW 7(a), 504 and microloans issued prior to September 27, 2020
  • Contact your loan officer to ensure this SBA provision is being applied to your loans
SBA Debt Relief
NEW Paycheck Protection Program (PPP) REOPENED What to know
  • For new borrowers as well as those who have not yet applied for forgiveness, the law expands eligible non-payroll costs to include certian covered operations expenditures, property damage costs, supplier costs and worker protection expenditures.
  • Non-payroll costs remain limited to less than 40% of the loan amount
  • For those who have not applied for forgiveness, safe harbor deadline has been extended from December 31, 2020 to September 30, 2021
  • Second Draw PPP Loans are available to businesses that received a PPP loan previously, must meet special requirements:
    • 300 or fewer employees
    • Demonstrate a reduction in revenue of at least 25% between corresponding quarters in 2020 & 2019 (special rules apply to businesses that were not in operation for all or part of 2019)
    • Maximum amount for second loans is $2 million
    • First PPP loans must have been fully spent before second PPP loan is disbursed
  • PPP loans are designed to be 100% forgivable as long as proceeds are spent in accordance to the program rules.

Information forthcoming on how and when to apply.

Check back often.

PPP Flexibility Act Paycheck Protection Program (PPP) Critical Changes
  • Signed into law June 5, 2020
  • Provides relief to many business who took advantage of the PPP Loan
  • The attached article provided by Godfrey Kahn Law Firm spells out the changes made to the forgiveness of the PPP Loan.
PPP Flexibility Act – What to know

Advance no longer available

Economic Injury Disaster Loans through SBA
  • Used for working capital & normal operating expenses
  • 3.75% for businesses
  • 2.75% for nonprofits
  • 30 year fixed loans
  • No prepayment penalty or fees
EIDL Application

Information on this page will be updated regularly. To receive notifications when new resources and assistance information is added, please provide your contact information.

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COVID-19 Business Resources

2151 North Main Street      West Bend, WI 53090      262-335-5769