COVID-19
SCEDC Letter to all Sheboygan County firms (4/1/2020) on best available resources
Financing & Technical Assistance
$2 Trillion Federal CARES Act - Summary of Business Provisions
For: knowledge on what is coming to the aid of business
Main Small Business Programs:
- Paycheck Protection Program (PPP) Forgivable Loans | Interim final rule
Guide to help calculate payroll | Program detail memo | Video instructions - SBA Loan Debt Relief Program (consult your lender)
- Economic Injury Disaster Loans and up to $10,000 Emergency Economic Injury Grants
- Counseling & Training
- Employee Retention Federal Tax Credit (consult your CPA)
More Info: Guide to the CARES Act (including non-business stimulus)
11 Practical considerations and action items during COVID-19 (WMEP special newsletter)
For: management advice
Financial Advice for Small Businesses During the Coronavirus Outbreak
For: general ideas
SBA Disaster Loan Assistance
For: fixed rate, working capital loans for firms with under 500 employees (summary page)
More Info: presentation with program details & application instructions
WEDC Small Business 20/20 Grant program
For: current loan clients of state Community Development Financial Institutions (CDFIs)
The WWBIC COVID-19 Fast Track Loan Program
For: small business loans under $15,000
Hmong Wisconsin Chamber of Commerce (HWCC) Emergency Loan Fund (COVID-19)
For: business two years old and is a minority-owned business or in a low to moderate-income tract
Kiva COVID-19 Crowdfunded Loans
For: small business loans under $15,000
Workforce (Avoid Layoffs & Rapid Hiring)
For: understanding changes to unemployment benefits
For: firms needing to rapidly hire.
View: SomeplaceBetter.org COVID-19 page
Local Resources
Other Great Resources
More Info: WEDC COVID-19 small business strategy guide (En espanol)
Wisconsin Procurement Institute
Topics: contracting to produce/supply supplies in need related to COVID-19
