The U.S. Small Business Administration (SBA) is offering designated states and territories low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the coronavirus (COVID-19).
If you are a client of Wisconsin’s other SBA resource partners — including WWBIC, Western Wisconsin Women’s Business Center, Veterans Business Outreach Center or SCORE — they also can assist you.
How To Apply
- ONLINE (RECOMMENDED): Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website (download instructions). Note: The SBA Disaster Loan application website is experiencing high volumes of traffic and the site may be slow and at times unavailable. Non-peak hours are 6:00PM-6:00AM CDT. SBA is working to resolve this issue as soon as possible.
- BY MAIL: Completed paper applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
- Daily interactive option: Register for daily 2 p.m. informational SBA webinars through April 10. Hundreds of business owners like you have gotten real-time answers to their questions during these helpful sessions.
- On your own time: View recording from March 26 (transcript)
- Related walkthrough: Check out tips to applying for SBA’s Economic Injury Disaster Loans from Mississippi SBDC
About the SBA Loans
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Learn more in this extensive frequently asked questions list.
Still Need Help?
Our staff is available to help you navigate the process of qualifying and applying for SBA disaster loans. You can ask loan-related and disaster-related questions. Or learn more on the SBDC COVID-19 page.