Other Finance Tools
Milwaukee Restart Grant Program
The City of Milwaukee has launched the Milwaukee Restart Grant Program to assist established Milwaukee businesses as they recover from COVID-19-related setbacks. Grants can be used to restock perishable inventory, purchase personal protective equipment, and accommodate social distancing guidance. The program is targeted at small businesses (under $2 million in revenue and less than 20 full time employees) significantly impacted by the COVID-19 crisis. Online applications will be accepted through June 12, 2020. Applications and eligibility requirements can be found here.
Ethnic Minority Emergency Grant
To help ethnic minority-owned small businesses cope with the economic impact of COVID-19, the Ethnic Minority Emergency Grant Initiative has been created to provide grants of $2,000 to 1,000 Wisconsin micro-businesses. The initiative aims to support ethnically diverse micro-businesses that have not received SBA Paycheck Protection Program or other relief programs. Applications are being accepted from May 18 - 24, 2020 through Wisconsin’s Collective Ethnic and Diverse Organizations. For more information on the eligibility requirements, click here.
We're All In Grants
The We’re All In initiative will provide direct assistance to small businesses most impacted by the duration and restrictions of the COVID-19 pandemic. These $2,500 cash grants will assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages, and inventory. Businesses will be able to apply for grant assistance in early June. More information on the program can be found here.
WWBIC COVID-19 Fast Track Loan Program
This new WWBIC program is focused on existing businesses looking for business financing during COVID-19. Business owners have two options to pick from depending on their needs: a line of credit up to $10,000 or a term loan up to $15,000. Click here for more information, eligibility requirements, and the application.
Wisconsin Economic Development Corp (WEDC) Small Business 20/20
The Small Business 20/20 program provides funds to Wisconsin-based Community Development Financial Institutions (CDFIs) to make grants to existing loan clients to mitigate short-term cash flow issues and protect jobs and public health in response to the COVID-19 outbreak. Click here for more info.
Business For All Grants
Led by Hello Alice, with the support of Verizon, Silicon Valley Bank, Ebay, and small business owners and advocates across America, Business for All is providing $10,000 to $50,000 grants, expert mentorship, a strong community, and a comprehensive suite of small business resources. Click here for qualifications and the application.
LISC Small Business Relief Grants
LISC, with support from funders like Verizon and Sam's Club, is providing grants to small businesses to help with immediate financial impact due to the COVID-19 pandemic. The next application period begins on May 14th. Click here to apply when the application period opens. Before completing the application, review the Grant Information Overview and FAQ, which can be found here.
Kiva has expanded lending terms and eligibility to help small businesses impacted by the pandemic. Downtown businesses in our communities that are women-, minority- and/or veteran-owned are also eligible for a 50% match from WEDC to expedite their loan. Encourage your businesses to apply, and/or sign up to be a lender yourself here.
The Ethnic & Diverse Business Coalition (EDBC)
The Ethnic & Diverse Business Coalition (EDBC) created a grant program to assist small ethnic and diverse businesses of any industry that are a business member in one of their coalition members during the COVID-19 pandemic. Eligibility criteria and grant applications can be found here.
Wisconsin Department of Workforce Development
Unemployment COVID-19 Public Information for the Wisconsin Department of Workforce Development. Click here for more info or apply for benefits online here.
For those that are temporarily unemployed because of the coronavirus, consider applying to the following positions: