Economic Development

 

COVID-19 Small Business Resources

WISCONSIN ECONOMIC DEVELOPMENT CORPORATION

Navigating Through COVID-19 Guidebook for Small Businesses and Organizations (PDF). 

WEDC General Guidance for All Businesses – Best Practices to Reopen 

WEDC Programs and Resources – COVID-19

KIVA

Kiva lenders have shown their commitment to providing financial assistance to all by making 0% interest loans to entrepreneurs in the U.S. on Kiva.org for the last 10 years. In today’s difficult circumstances, Kiva would like to make it as easy and impactful as possible for small businesses in the U.S. to have access to affordable capital on the Kiva platform — capital that may be the difference between shutting down and keeping their doors open.

Effective immediately, U.S. applicants for a Kiva loan will have access to the following:

  1. Expanded eligibility: More businesses in the US will be eligible for a Kiva loan than ever.
  2. Larger loans: The maximum loan on the Kiva platform will increase from $10,000 to $15,000.
  3. Grace period: New borrowers may access a grace period of up to 6 months for greater financial flexibility. 

Contact Errin Welty of WEDC for more information at errin.welty@wedc.org or 608.210.6832.

WISCONSIN SMALL BUSINESS DEVELOPMENT NETWORK

The Wisconsin Small Business Development Center Network has created this page to anchor important resources and information amid quickly changing conditions and unprecedented measures during the COVID-19 pandemic. Staff across all Wisconsin SBDC centers are available to connect via phone or virtual means.

UNITED STATES SMALL BUSINESS ADMINISTRATION

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. They have set up a page to help you navigate the process.

Metropolitan Milwaukee Association of Commerce (MMAC) 

MMAC is currently hosting a series of Webinars for Business Strategies During the Pandemic. Additionally, MMAC has a list of resources on their Coronavirus Guidance for Milwaukee Businesses.

Gener8tor 

Gener8tor is hosting emergency one-week virtual programs for small businesses affected by the COVID-19 outbreak. These programs will feature daily webinars designed to identify, understand and help small businesses secure resources to withstand the current crisis. One-on-one office hours will also be available.  Business owners, nonprofit leaders, startup operators, freelancers, and artists wishing to enroll can sign up on the gener8tor Emergency Response Program website.

Wisconsin Women’s Business Initiative Corporation (WWBIC)

WWBIC has moved all business and financial educational programming on-line and on-demand. WWBIC is also working with federal, state and local elected officials to support the many WWBIC borrowers, entrepreneurs and businesses in need of loan capital now. WWBIC is offering loan modifications options to current loan clients affected by COVID-19. In some cases, these small business owners may have options for deferments, covered interest payments, and direct grant support for payroll and rent. For more information contact Jaimie Charon at jcharon@wwbic.com or WWBIC Servicing at wwbicservicing@wwbic.com. For current and new small business clients, WWBIC is offering fast track loans up to $25,000.  Contact Michael Hetzel at mhetzel@wwbic.com for more details.

Hmong Chamber of Commerce

The Hmong Chamber of Commerce is offering an emergency loan fund in response to COVID-19. Small businesses can apply for a loan starting at $5,000 and up to $10,000. The business is required to have existed for a minimum of two years and be located in a low to moderate income tract or be a minority-owned business in Wisconsin. Once the application is complete, the business owner can send it and the other requirements to Yuli Her, Business Development Coordinator, at yuli@hmongchamber.org.

State of Wisconsin Resources

Federal Resources

Toolkits

Freelance/Artist Resources

Other Resources

 

Stephanie Hacker, AICP, LEED AP
Economic Development Director
DIRECT: 414.266.9226
MAIN: 414.762.2222
E-MAIL: hacker@smwi.or