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 3/31/2020)

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Immediately Helpful

What Who Benefit More Info
$10,000 Loan Advance (Forgivable)
SBA, CARES Act update to the Economic Injury Disaster Loan (EIDL) loan program detailed below
  • Up to $10,000 Advance on an Economic Injury Disaster Loan (EIDL)
  • Advance may be available even if your EIDL application was declined or is still pending
  • Advance will be forgiven
  • Click the button to the right to fill out a new, streamlined application and get going
  • Need to submit this new application even if you previously submitted an EIDL application
  • Applying for the Advance will not impact the status or slow your existing application
Link to Apply
CARES Act Forgivable Loans Designated Banks and SBA 7a Program Lenders
  • $350 billion in loans to small business with under 500 employees, with loans capped at $10 million
  • Part of the loan would be forgiven if the companies don’t lay off any employees through the end of June
  • $150 billion in loans and loan guarantees for “other eligible businesses”
Details
Debrief
Economic Injury Disaster Loans (EIDL)
SBA
*WI declared eligible 3/20
  • 3.75% interest
  • Fixed for life of the loan
  • Up to 30-year amortization
Details
Fact Sheet
SBA 504 Loan Payment Deferments WBD

*Must already have an SBA 504 loan managed by WBD (which is most in WI)

  • Little paperwork
  • Quick approval
  • Immediate payment relief
Details
Gov. Ever’s Safer at Home Order Definition of Essential Business
  • Determine if your business is deemed essential
Essential Business
Essential Workforce

Likely Unhelpful Right Now

What Who Concern More Info
Small Business 20/20 Grant Program WEDC
(Wisconsin Economic Development Corporation)
  • Limited to CDFI customers
  • CDFI’s competing for grant $
  • Your CDFI must be awarded $
Details

Analyzing

What Who Potential Benefit More Info

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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