Some businesses have been ordered to close and others have lost revenue or shortened their hours. The Small Business Administration (SBA) provides low-interest disaster loans to help businesses and homeowners recover from declared disasters, including the COVID-19 pandemic. Visit the U.S. Small Business Administration (SBA) to find information on small business loans from the SBA. A few tips from the SBA include:
- Their website has been experiencing a large volume of traffic, which could bump you off the site suddenly. When filling out an application online, save your information frequently as you enter it.
- Try to visit the website in early morning (7am) or the end of the day (after 5pm).
- If you currently have a freeze on your credit reports through Equifax, Experian, or TransUnion, you will need to temporarily lift that freeze when SBA completes a credit check on applicants. Click on the credit bureau names above for the website links to unfreeze your credit report if needed. You will need your PIN provided by each credit bureau to complete their process.
The Wisconsin Economic Development Corporation (WEDC) created a program to provide grants to small Wisconsin businesses with 20 employees or less to cover rent, meet payroll, and cover paid leave. Learn more about the Wisconsin SB20/20 grants on the WEDC website.
Visit the University of Wisconsin, Division of Extension, Center for Community & Economic Development website for more information for small businesses. This page provides business owners with links to information to prepare for the continued spread of the coronavirus (COVID-19) in Wisconsin and plan accordingly for impacts to their business operations. Information is being continually updated. Visit the Center for Community & Economic Development website.
The Wisconsin Small Business Development Center (SBDC) has staff available to help small business owners work through the process of qualifying and applying for SBA disaster loans. The Wisconsin Small Business Development Center website has information for filing online or through mail, as well as links to other partners, including WWBIC, Western Wisconsin Women’s Business Center, Veterans Business Outreach Center, or SCORE. The Wisconsin SBDC business answer line is (800) 940-7232 or email firstname.lastname@example.org.
The Wisconsin Restaurant Association has developed a toolkit for foodservice operations during the COVID19 pandemic. For Tips to help Foodservice Operators and more information visit:
Additional Resources for Local Business Support can be found at: