COVID-19 Business Assistance Resources
Business Re-Opening Toolkit
Public Health Madison and Dane County has created a Business Re-Opening Toolkit to assist businesses that may be re-opening to curbside pickup starting on April 24, 2020. Follow the link to view this document. To review the Emergency Orders that have been issued to date in Wisconsin, please click here.
WI Economic Development Commission - COVID Response Report
WEDC’s Errin Welty and the WEDC Downtown Development Team have compiled a document for consideration for small businesses to pivot and thrive during these times. Please Click Here to view this document.
Business Re-Opening Guidelines and Resources (updated 11/19/20)
With input from national and state health and industry experts and in partnership with the Wisconsin Department of Health Services, the Wisconsin Department of Agriculture, Trade and Consumer Protection, the Wisconsin Department of Tourism and our regional economic development partners, WEDC has compiled a series of industry-specific documents to help you get back to business while taking the necessary precautions to maximize safety. Following these guidelines will help us all get Wisconsin’s economy back on track. You can view these documents via the link below:
Restaurant Re-Opening Resources
WRA has developed information and resources to help restaurants think through some important issues and have useful tools on-hand to be prepared when it is possible to reopen. In partnership with the Wisconsin Restaurant Association and health officials across the State, restaurant owners and operators can make commitments to earn the Wisconsin Restaurant Promise endorsement during the COVID-19 recovery period. When customers see this endorsement, they can be certain that the restaurant is taking all necessary steps to protect their employees & customers and is committed to playing a leadership role in protecting their communities.
Learn more about the WI Restaurant Promise here: http://wirestaurant.org/resources/covid-19/resources-for-restaurants
WEDC - We’re All In Grants
Small Business Grant - Phase 2
The We’re All In small business grant - Phase 2 application period has closed. If a Phase 3 application period is opened, we will update the details below. Click here for more information on this grant: https://wedc.org/programs-and-resources/wai-small-business-grant/
Wisconsin Rental Assistance Program
Gov. Tony Evers today announced the launch of a $25 million Wisconsin Rental Assistance Program for Wisconsinites who have experienced income loss as a result of the COVID-19 pandemic. Administered by the Department of Administration (DOA), the Wisconsin Rental Assistance Program will provide direct financial assistance for owed rent, security deposits and wrap-around services for program-eligible individuals.
Eligible applicants must be an adult Wisconsin resident with a household income at or below 80% of the county median income in the month of or prior to the application date. Once approved, eligible individuals may receive assistance of up to $3,000 in a combination of rental payments and/or security deposits. These payments will be paid directly to the landlord on behalf of the tenant. More details about the Wisconsin Rental Assistance Program, including complete eligibility criteria, application documentation requirements and the distribution process for the rental assistance, will be shared in the upcoming days. Initial details regarding the program are available here.
Debt Relief Video Series: Preparing Your Business for Recovery
With initial rounds of federal stimulus programs in high demand and oversubscribed, WEDA is working to ensure businesses have the most recent information on existing financial tools – many of which have also been enhanced to meet the long-term cash flow needs of businesses during the COVID-19 economic recovery.
WEDA held a COVID-19 webinar (Preparing Your Business for Recovery) to help our members and the business community gain a better understanding on how to prepare in these uncertain times and how existing financial programs may help fill long-term cash flow needs of businesses across the state. The webinar was recorded and divided into the following five 10-minute on-demand videos:
- Technical Assistance
- SBA Micro-Loan Program
- SBA 7 (a) and Express Loans
- SBA 504 and 504 Refi Loans
- Existing WEDC Financial Programs
The videos can also be found on WEDA’s Road to Recovery web page .
Start In Wisconsin - Madison Region
Start In Madison Region is the premier network for local businesses. For owners and startups, Start In Madison will power connections to start, scale and accelerate area entrepreneurs. For the established resource network, Start In Madison Region will be a platform to provide best fit referrals, build your network, and to showcase the story of entrepreneurship in our region. For more information, or to get connected with resources and assistance you can follow this link: https://www.startinwi.com/madison-region
USDA Federal Rural Communities Resource Guide
U.S. Secretary of Agriculture Sonny Perdue unveiled a one-stop-shop of federal programs that can be used by rural communities, organizations and individuals impacted by the COVID-19 pandemic. This resource guide is a first-of-its-kind resource for rural leaders looking for federal funding and partnership opportunities to help address this pandemic.
Assistance for Small Businesses - PPP Loan Forgiveness Application
The application period for the SBA PPP Loans has closed. If your business received a PPP Loan during the pandemic, you can apply for forgiveness of this loan through the application below:
For a FAQ regarding Facts and Myths about the PPP, click here: https://www.sba.gov/document/support-ppp-myth-vs-fact
Waunakee Area Chamber of Commerce
During COVID Outbreak, Keep our Local Restaurants Busy! This list includes Village of Waunakee establishments, plus those who are outside the Village but members of the Waunakee Area Chamber of Commerce. If we are missing anyone or updates are needed, please contact Diane Anderson at the Waunakee Chamber office - (608) 849-5977 or email@example.com
Below is a link to COVID-19 Resources posted by the Waunakee Area Chamber of Commerce:
Public Health Madison and Dane County Information (PHMDC)
Below are links to documents from Public Health Madison and Dane County with information and guidelines for how to handle various business aspects during the COVID-19 pandemic.
U.S. Chamber of Commerce - Save Small Business Fund
To extend a helping hand to small businesses suffering from the impacts of the coronavirus pandemic, the U.S. Chamber of Commerce Foundation – in partnership with Vistaprint and a coalition of supporting companies, foundations, and philanthropic donors – is working to provide financial relief through the Save Small Business Fund. The Save Small Business Fund is a grant making initiative to offer $5,000 grants that provide short-term relief for employers across the United States and its territories. • A recent poll conducted by the Chamber and MetLife found that more than half of small businesses (54%) have closed at least temporarily or will close in the next two weeks. One in four (24%) are two months or less away from permanently closing. They need resources and relief — and they need it now. That’s why the Save Small Business Fund is providing $5,000 grants to help as many businesses as possible meet their most pressing needs -- from rent, making payroll, or for overall business operations.
Eligibility and Timeline:
- The application will go live on 4/20/20 at 12:00 PM PT/3:00 PM ET.
- Visit www.savesmallbusiness.com for more details and to get an email reminder when the application launches.
- To qualify, a business must:
- Employ between 3 and 20 people
- Be in an economically vulnerable community
- Have been harmed financially by the COVID-19 pandemic
- Grants will be distributed on a weekly, rolling basis until all funds have been allocated.
Small Business Administration Low-Interest Federal Disaster Loans
The U.S. Small Business Administration (SBA) has approved Wisconsin’s request for small businesses affected by the COVID-19 pandemic to access low-interest federal disaster loans. Under the Economic Injury Disaster Loan (EIDL) program, businesses may qualify for up to $2 million in loans to cover losses resulting from the pandemic. The interest rate on the loans is 3.75% for for-profit businesses and 2.75% for nonprofits. Participants may be able to extend payments for up to 30 years.
For more details please read the following forms:
The disaster loan application portal (www.sba.gov/disaster) is open to all Wisconsin businesses. A recent press release from Governor Evers provides a great deal of information on the process and the assistance available: https://content.govdelivery.com/accounts/WIGOV/bulletins/28264fd.
Kiva is an international nonprofit with a mission to expand financial access to help under served communities thrive. Kiva lenders have shown their commitment to providing financial assistance to all by making 0% interest loans to entrepreneurs in the U.S. on Kiva.org for the last 10 years. In today’s difficult circumstances, we’d like to make it as easy and impactful as possible for small businesses in the U.S. to have access to affordable capital on the Kiva platform—capital that may be the difference between shutting down and keeping their doors open. Follow the link for more information https://www.kiva.org/blog/support-local-businesses-during-the-coronavirus-pandemic
WI COVID-19 Startup Talent
COVID-19 has affected much of the startup community, so this group is quickly gathering resources to help alleviate some of the stress and hardships you may be facing. If you are seeking employment or looking to hire, please add your information via the links below:
Hmong Wisconsin Chamber of Commerce (HWCC), Emergency Loan Fund (COVID-19)
This program makes loans between $5,000 and $10,000 for working capital to cover rent, payroll and other fixed expenses for businesses adversely affected by the COVID-19 emergency. Loan application materials can be found on the Chamber’s website.
- A for-profit business located in a low to moderate-income census tract or a minority owned business located in Wisconsin.
- An existing business in operation for a minimum of two years
- A business with less than 500 employees
- Interest: Prime (5.50%) plus 1.5% to 5.5% depending upon underwriting
- Terms: Interest only payment for the first three months; maximum amortization period subject to negotiation
- Loan application
- Two years of Tax Returns (personal and business)
- Year-end financials for 2019 requested, but not required
Essential Business Designations
Here is more guidance from the Wisconsin Economic Development Corporation (WEDC) regarding “essential businesses” who have some exception under the order. https://wedc.org/essentialbusiness/ . There is a form on the WEDC site for businesses to receive designation if they do not fall within the identified categories on the WEDC website.
COVID-19: International Downtown Association (IDA) Community Discussion - Communications
Every Friday, IDA will be holding a web-based open discussion with leading IDA member subject matter experts about how their city and their organization is responding to the outbreak. The quickly evolving impacts of the novel coronavirus on downtowns, center cities and neighborhood districts have all IDA members reacting in real-time.
Every Monday, IDA will also hold virtual community discussions aimed at supporting CEOs during the COVID-19 crisis.
Visit the IDA resources page that has been developed to summarize and equip members with current information and best practices in preparing for and responding to the COVID-19 in urban place management districts. Click Here to learn more.
Capitol Bank Coronavirus Relief Program
Capitol Bank has enacted a Coronavirus Relief Program, effective immediately. Their goal is to alleviate some of the financial stress and uncertainty you may be facing at this time, whether a result of illness or employment status changes. To address these hardships, thier program includes the following for eligible customers:
- The suspension of late fees on past due loans for the next 60 days.
- Upon request, deferred loan payments for up to 90 days on consumer, home and
- Lines of credit for businesses that have been negatively impacted.
- SBA Loans for businesses that have been negatively impacted.
- Debt restructuring options for businesses that have been negatively impacted.
- The suspension of any foreclosure activity on homes for the next 90 days.
- Actively working with borrowers to determine eligibility for loan modification.
For more information and helpful links to additional resources, please visit Capitol Banks Coronavirus Resource Center.
COVID-19 (CORONAVIRUS) – Resources for Manufacturers
Wisconsin Manufacturing Extension Partnership (WMEP) Manufacturing Solutions has compiled this partial list of resources and information to help keep yourself, employees and communities safer. There are also links for information designed support economic retention and recovery related to COVID-19 Coronavirus.
Below is a link to their page with resources that may help you as you make decisions regarding your employees, business management, supply chain and customers.
Additional Resources & Information
- Madison Regional Economic Partnership Webpage (MadREP) - : http://madisonregion.org/.
- WEDA’s COVID-19 Online Resource Center - for updated information as guidelines for financial programs are frequently updated.
- Destination Madison (Visit Madison) COVID-19 Resource Page: https://www.visitmadison.com/coronavirus/?utm_source=COVID-19+Updates&utm_campaign=a285b7eb9c-EMAIL_CAMPAIGN_032020_COVID&utm_medium=email&utm_term=0_c7ae12d094-a285b7eb9c-101750856
- Madison Area Chamber of Commerce COVID-19 Resource Page: https://madisonbiz.com/covid19/
- Safer at Home FAQ: https://evers.wi.gov/Documents/COVID19/Safer%20at%20Home%20FAQ%203.24.20.pdf
- Public Health Madison and Dane County Coronavirus website: https://www.publichealthmdc.com/health-services/partners-providers/resources-by-disease/coronavirus
- Governor Evers Executive Orders: https://evers.wi.gov/Pages/Newsroom/Executive-Orders.aspx
- Governor Evers Press Releases: https://evers.wi.gov/Pages/Newsroom/Press-Releases.aspx
- Wisconsin Department of Health Services (Includes a wide range of guidance documents and statistics): https://www.dhs.wisconsin.gov/covid-19/index.htm
- FEMA Rumor Control: https://www.fema.gov/coronavirus-rumor-control
- “Safer at Home” media brief: DHS Youtube page: https://www.youtube.com/user/dhswi/videos
- Small Business Administration Disaster Loan Information: https://content.govdelivery.com/accounts/WIGOV/bulletins/28264fd
- FEMA Grants Portal: https://grantee.fema.gov/
- FEMA Public Assistance Program: https://www.fema.gov/media-library/assets/documents/111781
- CDC: Resources for Businesses & Employers - Coronavirus disease 2019 (COVID-19) - Resources for Businesses and Employers.