As of Monday, June 15, the SBA has resumed accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications. Applicants who have already submitted will be processed on a first-come, first-served basis; contact SBA disaster customer service if you have a question about your loan status. Information about the EIDL and the application form can be found HERE.
Update on the PPP
(7/08/2020) The SBA resumed accepting Paycheck Protection Program (PPP) applications from participating lenders on July 6. The new deadline to apply is August 8, 2020. Information and the application form can be found HERE.
This application is submitted via your financial institution. If you do not yet have a trusted banking contact, check with smaller, local community banks.
If you use 75% of this loan funding to retain staff (within 8 weeks of receiving the loan), it could be forgiven.
Please see the sub-sections below for resources and loan/grant programs for Dane County area businesses.
The Wisconsin Small Business Development Center is the best first stop for learning about loan assistance from the Small Business Administration for COVID-19 relief (SBA Economic Injury Disaster Loan Assistance; SBA Express Bridge Loans; and SBA Debt Relief).
Division of Extension resources: Keep your eye on this resource for information for businesses, farms, communities and families. Some resources specific to businesses include:
An EEO/AA employer, University of Wisconsin-Madison Division of Extension provides equal opportunities in employment and programming, including Title VI, Title IX, the Americans with Disabilities Act (ADA) and Section 504 of the Rehabilitation Act requirements.