In response to the spread of Coronavirus (COVID-19) We’ve gathered some helpful resources to ensure you can connect with aid that will help you navigate COVID-19. View the areas below to connect with relevant resources.
COVID-19 Business Grants & Loans
We’re All In Small Business Grant
Small businesses in Wisconsin often operate on razor-thin profit margins and hold very little cash in reserve, which makes weathering the effects of a global pandemic particularly challenging. Complicating matters for these small businesses seeking federal or other financial assistance is that they often lack the financial relationships required, or are otherwise ineligible, to qualify for these programs. WEDC’s We’re All In Small Business Grant is designed to help these small businesses get back on their feet while also encouraging adoption of best practices to keep employees, customers and communities safe.
The Wisconsin Economic Development Corporation (WEDC) will begin accepting applications online for the $75 million We’re All In Small Business Grant (WSBG) program beginning at 8 a.m. on June 15.
The program, which will provide $2,500 grants to 30,000 small businesses, is designed to help small businesses get back on their feet amid the COVID-19 pandemic while also encouraging them to adopt best practices to keep employees, customers and communities safe.
Funded primarily by the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, the grants will help small businesses with the costs of business interruption or health and safety improvements, wages and salaries, rent, mortgages and inventory.
We're All In Small Business Grant
Ethnic & Diverse Business Coalition: COVID-19 Small Business Impact Grant
The Ethnic & Diverse Business Coalition (EDBC) is a coalition of 14 ethnic and diverse chambers of commerce and partner organizations that serve the State of Wisconsin.
This grant application is to assist small ethnic and diverse businesses of any industry that are a business member in of one of our coalition members during the COVID-19 pandemic. Before filling out this application, please note that you MUST be a member in good standing with one of our member Chambers of Commerce. If you are NOT a member of a chamber, please reach out to a chamber (you can view a list at www.edbcwisconsin.org to view chamber memberships and to inquire about your eligibility. Grants will be available up to $500.
KIVA Small Business Loans
In response to the COVID-19 pandemic, Kiva US is offering small business applicants expanded loan sizes, now up to $15,000 and grace periods from 1-6 months.
AACCWI is a recognized trustee for Kiva, please contact Brent Adams at firstname.lastname@example.org for additional information.
Pandemic Unemployment Assistance (PUA): Expanded Unemployment Assistance for Non-traditional Workers
PUA is a new federal program under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The program provides payment to workers not traditionally eligible for unemployment benefits (self-employed, independent contractors, workers with limited work history, and others) who are unable to work as a direct result of the COVID-19 Coronavirus public health emergency.
Now accepting online applications.
SBA Economic Injury Disaster Loan Assistance
The U.S. Small Business Administration (SBA)’s Economic Injury Disaster Loans (or working capital loans) are available to small businesses, small agricultural cooperatives, small aquaculture businesses and most private nonprofit organizations. We set up a page to help you navigate the process.
These working capital loans may be used to pay fixed debts, payroll, accounts payable and other bills that could have been paid had the disaster not occurred.
WEDC Small Business 20/20 Grant Program
The Wisconsin Economic Development Corporation (WEDC) created a program to provide grants to targeted businesses throughout the state.
On March 17, $5 million in funding was approved for the effort to help “the smallest of the small,” known as Small Business 20/20 (SB20/20).
SB20/20 will provide grants of up to $20,000 to businesses with no more than 20 employees to cover rent and to meet payroll expenses, including paid leave (including sick, family and other leave related to COVID-19).
City of Milwaukee’s Business Restart Grants
Small businesses can begin applying for City of Milwaukee’s Business Restart Grants TODAY, Thursday, May 28th, through the online portal at Milwaukee.gov/restart.
The Milwaukee Business Restart Program is designed to get City small businesses up and running following setbacks associated with the current COVID-19 pandemic. Grants will be available to businesses established before the end of 2019 with annualized revenue of less than $2-million and 20 or fewer full-time-equivalent employees.
The Milwaukee Business Restart Program will be funded with a total of $20 million in federal CARES Act money allocated to the City of Milwaukee. Individual Milwaukee small businesses will be eligible for a grant of up to $15,000. Recipients can spend grant money for expenses in three categories:
- The purchase of personal protective equipment for employees
- Investments in modifications to business spaces and operations that reduce the spread of disease
- Restocking perishable inventory
There will be additional limitations of what business costs will be eligible for grant allocations.
Qualifying businesses can submit grant requests through Friday, June 12th. All applications will be reviewed following that date, rather than on a first-come-first-served basis. The amount of money available for each grant may be affected by the total number of qualified applicants.
The Department of City Development, with the cooperation of MEDC, plans to start distributing grants as soon as possible after the close of the application window.
All businesses in Milwaukee, including grant recipients, will be expected to follow directives from the Milwaukee Health Department to reduce exposure and transmission of COVID-19.
A city website, milwaukee.gov/businessresourcesforCOVID19 , lists other resources available to local businesses.
LISC Small Business Relief Grants
Thanks to support from funders like Verizon and Sam’s Club, we are providing grants to small businesses, to help them keep functioning and remain vital facets of their local economies through this challenging period. The Small Business Relief Grants are part of LISC’s Rapid Relief & Recovery Fund programs to help business with immediate financial impact due to the pandemic.
Save Small Business Fund
Small businesses are the foundation of our communities and our economy. Employing nearly half the American workforce, companies like yours keep our neighborhoods running and make them feel like home.
We know you’re facing multiple challenges right now, and every dollar counts.
Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide $5,000 grants to as many small employers as we can. We hope these supplemental funds will help you get through the next days and weeks.
COVID-19 Small Business Resource List
Support and resources for Micro-Businesses during COVID-19.
Milwaukee County COVID-19 Resources
Due to the evolving nature of COVID-19 (Coronavirus), some of this information may have changed by the time you read this. Please call resources ahead of time to verify if they are open. All nonessential travel should be limited as much as possible during this time.