Recovery Financing Tools
We're All In Small Business Grant - Phase 2
Building on the success of the Phase 1 grants, the State of Wisconsin is making a second round of We’re All In Grants available for up to $5,000 per eligible business. The We're All In Small Business Grant Phase 2 program is designed to help small businesses re-emerge from the COVID-19 pandemic, while also encouraging adoption of best practices to keep employees, customers, and communities safe. The new grants are being administered by the Wisconsin Department of Revenue in partnership with Wisconsin Economic Development Corporation. Applications will be accepted between 8:00 a.m. on Monday, October 19 and ending at 11:59 p.m. on Monday, November 2. Learn more about the program eligibility requirements, and apply online here.
Main Street Lending Program
The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. The Program will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). Term sheets for each facility and information regarding eligibility and conditions can be found by clicking 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.
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. Business for All Grant applications are due November 10, 2020 at 12:00 a.m. PT.
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.
For those that are temporarily unemployed because of the coronavirus, consider applying to the following positions: