Recovery Financing Tools
Main Street Bounceback Grants
The Main Street Bounceback Grants program provides $10,000 to new or existing businesses and non-profit organizations moving into vacant properties in Wisconsin’s downtowns and commercial corridors. Funds can be used to pay leases or mortgages, operational expenses and other business costs related to the newly opened location. The program is open to new or existing businesses opening a new location or expanding operations in a vacant commercial space as of January 1, 2021.
For more information on the Bounceback Grant eligibility and an application inquiry, please click here.
Shuttered Venue Operators Grant (SVOG) Program
The SVOG program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance. The SVOG targets assistance to Live venue operators or promoters, theatrical producers, live performing arts organization operators, relevant museum operators, zoos and aquariums who meet specific criteria, motion picture theater operators, talent representatives and more.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees. The application portal opens on April 8, 2021. The application and more program information 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.
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.
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.