In light of recent events, we are gathering information for our businesses, community leaders, job seekers, and the public about what resources are available during this historic moment.
We are aware of the need to communicate resources to those who are struggling or simply in search of answers.
We hope you will find the information provided helpful.
- Please click on the links for the Cares Resources and SBA to find out what program you are eligible for. Also be in touch with your bank on how they are handling the new programs that are coming out.
Paycheck Protection Program: Assistance for Small Businesses
- The Payroll Protection Program requires borrowers to go to an SBA lender or bank. In our area Chippewa Valley Bank, Associated Bank, Gogebic Range Bank and Incredible Bank are SBA lenders.
We know you are facing challenging times in this current health crisis. The U.S. Small Business Administration is committed to help bring relief to small businesses and nonprofit organizations suffering because of the Coronavirus (COVID-19) pandemic.
On March 27, 2020, President Trump signed into law the CARES Act, which provided additional assistance for small business owners and non-profits, including the opportunity to get up to a $10,000 Advance on an Economic Injury Disaster Loan (EIDL). This Advance may be available even if your EIDL application was declined or is still pending, and will be forgiven.
If you wish to apply for the Advance on your EIDL, please visit SBA.gov/Disaster as soon as possible to fill out a new, streamlined application. In order to qualify for the Advance, you need to submit this new application even if you previously submitted an EIDL application. Applying for the Advance will not impact the status or slow your existing application.
Also, we encourage you to subscribe to our email updates via: SBA.gov/Updates and follow us on Twitter at @SBAgov for the latest news on available SBA resources and services. If you need additional assistance, you can find your local SBA office and resource partners at: SBA.gov/LocalAssistance. If you have questions, you may also call 1-800-659-2955.
** PUBLIC AFFAIRS UPDATE
From: “Tori Emerson Barnes, U.S. Travel Association”
Date: Mon, March 30, 2020 8:28 pm
After last week’s passage of the CARES Act, we know that many of you have questions about what aid you qualify for and how you can apply for it. I wanted to share several U.S. Travel resources that may be able to help provide some answers and make sure our industry is getting the assistance it needs. It is important to know that the guidelines have not been completed yet but should be soon.
CARES ACT WEBINAR
U.S. Travel hosted a webinar earlier today to walk our members through the provisions of the CARES Act for which travel industry companies are eligible. Please see helpful resources below — all of which are also available on our CARES Act resources page: CARES Act Resource Page — to ensure as many travel companies as possible are equipped to take advantage of the assistance available and provide guidance on HOW TO NAVIGATE THE RECENTLY PASSED RELIEF PACKAGE. Our resources page also includes other official resources from the Small Business Administration, House Small Business Committee, U.S. Department of Labor and Department of Homeland Security, among other materials.
* View full slide deck outline CARES Act provisions and eligibility (PowerPoint available upon request)
* View an FAQ that answers many of your questions from today. We will continue to add to this page, which will be available with other resources.
* For the full recording with slides and audio, click below.
WEBINAR RECORDING: Webinar
In the webinar, U.S. Travel’s government relations team shared detailed information about the following CARES Act provisions, INCLUDING WHO IS ELIGIBLE, WHAT KIND OF FINANCIAL ASSISTANCE IS PROVIDED AND HOW COMPANIES CAN APPLY, as well as any outstanding questions or direction still to come from the administration:
* Emergency Stabilization Fund
* SBA Coronavirus Economic Injury Disaster Loans
* SBA Business Interruption Loans (Paycheck Protection Program)
* SBA Express Loans
* Debt Relief for Small Businesses
* Tax Relief
* Federal Grants for Airports & Community Development Block Grants
OTHER CARES ACT RESOURCES
U.S. Travel’s CARES Act resources page has a host of other resources as well, most notably a Guide to CARES Act Eligibility that can walk you through exactly what your organization is eligible for: Eligibility Guide
Please stay healthy,
Tori Emerson Barnes
Executive Vice President, Public Affairs and Policy
U.S. Travel Association
Coronavirus Small Business Guide by the U.S. Chamber of Commerce: COVID-19 Small Business Guide
The SBA loan program is the main source of assistance at this time. There are several informational pages listed here. There is also a good cheat sheet to get you started. Just remember the web site for SBA gets bogged down and can take some time. I have had some tell me to go on after 10pm and you can navigate much easier. I would also recommend registering for one of the webinars before you get started. They are daily at 10am and 2pm and the links are on this page.
There are other programs that will be coming up like the Bridge Express loan program. We will have information on this as it becomes available. The state of Wisconsin is also developing other programs.
Tips from the Wisconsin Bankers Association
On a call with the Wisconsin Manufacturers and Commerce, the Bankers Association recommended businesses should get in contact with their banks and develop a plan. They suggest you should plan for 3 to 6 months out. There could be workout strategies, deferrals, interest only and new loans that could help out during this time. You should also assemble required documentation (see the cheat sheet above). Be careful on drawing on a line of credit and have patience as banks and the SBA will be overloaded and have delays.
Kiva US Small Business Loans
In response to the COVID-19 pandemic, Kiva US is offering small business loans. To see if you qualify visit their web site: https://www.kiva.org/borrow
SBA disaster loans available
The Wisconsin Small Business Development Center Network is helping small businesses navigate the process of applying for SBA disaster loans; our state’s disaster declaration came through March 20.
If you have clients looking for help with SBA loans, send them to our web page, www.wisconsinsbdc.org/disasterloans
Gov. Evers Suspends Utility Rules and Allows for Additional Consumer Protections
read more: PSC Admin. Rules Suspension
Tax Filing Deadlines to be Pushed Back to July 15
read more: Income Tax Filing Deadline July 15, 2020
Subscribe to their newsletter for more information: IBE newsletter
Wisconsin’s SBA office is offering daily webinars to answer your questions regarding the SBA’s Economic Injury Disaster Loans, for small businesses owners impacted by COVID-19.
SBA website: SBA
Arts Wisconsin is working closely with state and national partners to share information, resources, and actions, and gather impact data, related to the creative sector and COVID-19.
For information see the following link: ARTS Wisconsin
CARES Act Resources: Arts Wisconsin CARES Act
Federal Arts Funding within the CARES Act: WI Arts Board
SBA Disaster Loans & Emergency Grants, Artist’s Edition: Disaster Loan Assistance/Artist’s
Arts Wisconsin and the Wisconsin Arts Board will continue to host listening sessions each Friday at 9 a.m. to help creative leaders share perspectives on the impact of the COVID-19 pandemic. Click here for more: Listening Sessions
How DMOs (Destination Marketing Organizations) Are Reacting to COVID-19
Many have been wondering, where do we go from here?
As active members in the community, we too have been wondering this, and how we can play our part in supporting our customers and the travel community at large. Read more: DMOs
Marketing Your Business During a Time of Crisis: Social Siren
Check out Discover Mediaworks while at home by viewing the best of Wisconsin and Outdoor learning resources. Go to: Discover Media Works
COVID-19 Business Resources
This following web page is designed to provide the latest, best information to our clients and the citizens of Wisconsin on resources aimed at maintaining the vitality of the companies upon which our economy depends.
In working with WEDC, UW-Oshkosh Center for Customized Research & Services, Visions Northwest Regional Economic Development, and our organization, we ask you to take the survey linked below by April 6th. Results will be available at the county, region, and state levels and will be used by the state to measure economic losses caused by COVID-19 and will assist in future recovery efforts.
The staff at the NWWIB are aware of the need to communicate resources to those who are struggling or simply in search of answers. On our website, we have compiled a list of resources.
Tips & Hacks for Working Remotely
see more: Working Remotely
WI Department of Revenue announces immediate help for small businesses on sales taxes and other steps to help taxpayers in response to COVID-19.
READ MORE: WI Dept. of Revenue help
WORKERS NEEDED by Employers Providing Essential Services.
Read more: Workers Needed for Essential Services
Keep up with the latest on COVID-19 on their web page: Iron County Health Dept.
WITC’s webinars are a free, no pressure option to explore different career fields or gain insight and grow in your current field. To learn more visit: WITC.EDU
Miller Officials Announce $1M donation was made to the USBG (United States Bartenders Guild) National Charity Foundation’s Bartender Emergency Assistance program.
Read more: Miller Donation
Xcel Energy action letter in response to COVID-19 concerns.
State Order Designed to Help Restaurants Deliver During COVID-19 Pandemic. Read more: Help for Restaurant Delivery
Following is a list of local businesses offering take out and/or delivery.