The Wisconsin Small Business Development Center Network has created this page to anchor important resources and information amid quickly changing conditions and unprecedented measures during the COVID-19 pandemic.
Staff across all of our centers are available to work with you via phone or virtual means. We are thinking of you and the challenges you face. And we are here to help as best we can.
We’re here to help.
SBA Economic Injury Disaster Loan Assistance
NOTICE: As of Monday, June 15, the SBA has resumed accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications. Applicants who have already submitted will be processed on a first-come, first-served basis; contact SBA disaster customer service if you have a question about your loan status.
The federal Coronavirus Aid Relief and Economic Security (CARES) Act also introduced an expansion of EIDL to include up to a $10,000 advance.
The U.S. Small Business Administration’s Economic Injury Disaster Loans (EIDL) are available to small businesses. We set up a page to help you navigate the process: wisconsinsbdc.org/disasterloans
These working capital loans may be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred.
Note: The SBA has 3 other coronavirus relief measures in place.
- SBA Express Bridge Loans allow small businesses that currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.
- Through SBA Debt Relief, the SBA will automatically pay the principal, interest and fees of 7(a), 504, and microloans for a period of six months.
- The Paycheck Protection Program is covered in detail on this page as well.
Paycheck Protection Program
NOTICE: The deadline for the SBA to approve Paycheck Protection Program (PPP) applications has passed.
But this remains a developing situation: On June 30, the Senate passed an extension through Aug. 8, and the House passed it July 1, so it awaits the president’s signature to take effect.
The Paycheck Protection Program is an SBA loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest or utilities. This became possible thanks to the federal CARES Act.
If you don’t have a business loan, you can reach out to your current bank for a referral. If you have a loan but your lender is not a PPP lender, contact us if you’d like assistance in getting connected or check our Paycheck Protection Program FAQs.
NOTE: To check the status of your application, contact your lender.
PPP Loan Forgiveness: On May 15, the SBA released its application form and detailed instructions, including measures to reduce compliance burdens and simplify the process for borrowers:
Federal guidance and resources to help your business respond to COVID-19. The agencies will be updating their pages regularly as regulations and processes change:
- Federal Resources for Small Businesses, a website with multiple agency resources
- SBA Guidance and Resources
- CDC Guidance for Reopening
- CDC Interim Guidance
- Department of Labor Resources
- IRS and Tax Relief
- IRS Employee Retention Credit under the CARES Act
- Farmers.gov USDA COVID-19 Resources
- Coronavirus Recovery Information in Other Languages
Wisconsin Resources for Businesses & Employers
- Workplace Safety:
- Businesses, Employers and Workers overview
- Reopen Guidelines:
- WEDC Reopen Guidelines (general and industry-specific)
- WEDC Focus Forward
- Wisconsin Economic Development Association Road to Recovery recommendations
- Badger Bounce Back, Be Ready Guide: Joint guide from Gov. Tony Evers and WEDC for businesses and employees (full plan)
- PPE & Testing:
- Support Small Business
- Main Street Marketplace: Connect to over 230 online small businesses across 34 Wisconsin Main Street communities, all in one marketplace.
- COVID-19 Small Business Relief
- Child Care Counts: COVID-19 Emergency Payment Program: Supporting early care & education providers during this unprecedented health emergency.
- USDA Business & Industry CARES Act Program: This program offers loan guarantees to rural businesses and agricultural producers that are not eligible for USDA Farm Service Agency loans.
The Wisconsin Department of Workforce Development (DWD) is encouraging people to learn more about unemployment and apply online due to unprecedented call volume and tens of thousands of applications. DWD says over 98 percent of those who have applied through the website have been able to successfully start, complete and file their claim for unemployment benefits. Below are popular links to help answer your questions.
The SBDC is part of the UW System Institute for Business & Entrepreneurship, which has a range of small business consulting, education and data services.
You can learn more about how to access all of the programs and find additional national resources available on the Institute’s COVID-19 page.
COVID-19 Wisconsin Business Recovery Calendar
This calendar is a list of all COVID-19 business recovery events in Wisconsin. Please use the searchable fields to find the event that is right for your small business, in your area.
Wisconsin SBDC staff has curated and is updating a list of common questions we are fielding, with answers, to help address your most important questions.
Additional resources can be found at the Institute for Business & Entrepreneurship COVID-19 page.
Still have questions?
If you still have questions about your small business, let us know.