COVID-19 Financial Assistance Guide
Below is a compilation of programs currently providing financial assistance to small businesses and non-profits.
Each business should contact their accountant, lender, or business banker to be sure to collect the correct documents in order to apply for financial assistance programming.
Economic Injury Disaster Loan (EIDL)
US Small Business Administration
Economic Injury Disaster Loans
This loan provides economic relief to small businesses, non-profits, and agricultural businesses with working capital funds.
This week, SBA announced that the deadline to apply for a COVID-19 pandemic Economic Injury Disaster Loan has been extended to December 31, 2021.
To date, SBA has approved $197 billion in low-interest loans, which provide U.S. small businesses, non-profits, and agricultural businesses working capital funds. Economic Injury Disaster Loan applications will continue to be accepted through December 2021, pending the availability of funds.
Loans are offered at affordable terms, including a 3.75% interest rate for small businesses and 2.75% for non-profit organizations, a 30-year maturity, and an automatic deferment of one year before monthly payments begin. All eligible small businesses and nonprofits are encouraged to apply
PPP Re-Opened Friday, January 15, 2021 at 9 a.m. ET
US Small Business Administration
UPDATED WITH EXTENSION 4/5/21 – Payroll Protection Plan (PPP) Re-Opened Friday, January 15, 2021 at 9 a.m. ET
The Paycheck Protection Program has been extended through May 31, 2021
President Joe Biden signed the PPP Extension Act of 2021 into law today, extending the Paycheck Protection Program an additional two months to May 31, 2021, and then providing an additional 30-day period for the SBA to process applications that are still pending. Read more here.
About the Paycheck Protection Program
The Paycheck Protection Program (PPP) is a loan designed to provide direct incentive for small businesses to keep their workers on payroll. Additionally, borrowers may be eligible for PPP loan forgiveness.
Find a PPP lender
First Draw and Second Draw PPP loans
If you have not received a PPP loan before, you can apply for a First Draw PPP loan through a participating PPP lender. If you have received a PPP loan and meet further eligibility requirements, you can apply for a Second Draw PPP loan.
We’re All In For Restaurants
SBA Administrator Guzman Announces Application Opening for $28.6 Billion Restaurant Revitalization Fund
Fund prioritizes direct relief to women, veterans, and socially and economically disadvantaged individuals, and includes $9.5 billion in set-asides for smaller businesses
WASHINGTON – SBA Administrator Isabella Casillas Guzman today announced the U.S. Small Business Administration will begin registrations on Friday, April 30, 2021, at 9 a.m. EDT and open applications on Monday, May 3, 2021, at noon EDT for the Restaurant Revitalization Fund. The online application will remain open to any eligible establishment until all funds are exhausted.
“Restaurants are the core of our neighborhoods and propel economic activity on main streets across the nation. They are among the businesses that have been hardest hit and need support to survive this pandemic. We want restaurants to know that help is here,” said Administrator Guzman. “The SBA has focused on the marketplace realities of our food and beverage businesses in designing the Restaurant Revitalization Fund to meet businesses where they are. And we are committed to equity to ensure our smaller and underserved businesses, which have suffered the most, can access this critical relief, recover, and grow more resilient.”
Established under the American Rescue Plan, and signed into law by President Joe Biden on March 11, 2021, the Restaurant Revitalization Fund provides a total of $28.6 billion in direct relief funds to restaurants and other hard-hit food establishments that have experienced economic distress and significant operational losses due to the COVID-19 pandemic. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Funds must be used for allowable expenses by March 11, 2023.
Wisconsin Rental Assistance Program (WRAP)
On May 20, 2020 Gov. Tony Evers announced the launch of a $25 million Wisconsin Rental Assistance Program for Wisconsinites who have experienced income loss as a result of the COVID-19 pandemic. Administered by the Department of Administration (DOA), the Wisconsin Rental Assistance Program will provide direct financial assistance for owed rent, security deposits, and wrap around services for program eligible individuals.
The effort is funded by $25 million in federal Coronavirus Aid, Relief, and Economic Security (CARES) Act dollars.
Residents of Waupaca, Outagamie, Portage, Waushara, and Marquette counties may find more find more information and apply here.
Unemployment Benefits Related to COVID-19
Changes to regular unemployment benefits may occur under the Relief for Workers Affected by Coronavirus Act. Check the Department of Workforce Development (DWD) website often for the most up-to-date information.
The Pandemic Unemployment Assistance is a new temporary federal program that provides unemployment benefits to individuals who are not typically eligible, such as self employed individuals, consultants, and certain independent contractors. These individuals will be able to start filing applications on April 21, according to Secretary Caleb Frostman of the Wisconsin Department of Workforce Development (DWD).
The Work-Share Program avoids layoffs, allowing workers to remain employed & employers to retain trained staff during times of reduced business activity. Under the CARES Act, once your plan is approved, the federal government will pay for 100% of the unemployment benefits paid through the Work-Share plan.
Click here for frequently asked questions about COVID-19 and Wisconsin unemployment benefits for employees and employers.
Finding Help with Programming Assistance
Our local Small Business Development Center at UWSP is here to help, and offers free & confidential business services, access to free webinars, help with questions about assistance programs, and many additional services. Contact: email@example.com and Follow on Facebook.
The Waupaca County Economic Development Corporation provides assistance to both private businesses and public sector organizations, in an effort to strengthen the local economy and enhance the quality of life for all the citizens of Waupaca County. WCEDC is more than willing to discuss which assistance options may be the best for your business. Please send a request to firstname.lastname@example.org, or call (920) 982-1582.
ThedaCare COVID-19 Hotline
Community members can call (920) 830-6877 or (800) 236-2236 to speak with resource representatives and nurses who will answer medically-related COVID-19 questions or direct patients to the appropriate locations for care.
At this time, the federal COVID-19 surge testing site at ThedaCare Physicians-Neenah continues to operate. Testing is free. Individuals can make an appointment on doineedacovid19test.com or register onsite.
COVID-19 Vaccine Questions
COVID-19 Vaccine Scams
Waupaca County Public Health Advises Continued Mask Use – 4/2/21
In light of the recent Wisconsin Supreme Court ruling which ultimately nullified the statewide mask mandate, Waupaca County Public Health advises to continue utilizing masks and to follow CDC guidelines to help prevent COVID-19 spread. Masks are a proven and important prevention strategy to combat COVID-19. While vaccinations are underway, it’s important to continue to follow masking, social distancing, and hand washing recommendations as we continue to experience COVID-19 cases and see variants in our region.
Beginning April 5, vaccinations will be available to everyone 16 years of age and older. Visit our vaccination website to find local vaccine providers and to schedule a vaccination appointment with Waupaca County Public Health.
CDC Prevention Guidance: https://www.cdc.gov/coronavirus/2019-ncov/prevent-getting-sick/prevention.html
Evidence Review of Masks: https://www.pnas.org/content/118/4/e2014564118?_sm_au_=iHVH2vFJ0FW1fW1NBLQtvK7BJGKjp
Vaccination Information and Appointments: https://www.waupacacounty-wi.gov/departments/health_and_human_services/vaccine_information.php
At the New London Area Chamber of Commerce, our goal is to remain united through the hardship and uncertainty caused by the COVID-19 outbreak, and continue to support member businesses and organizations. We have been changing our approach daily as the situation rapidly evolves, in order to offer the most effective forms of support. The Chamber office is currently open to the public, and our operations will remain the same. We greatly appreciate your patience and consideration as we navigate through this process. Please keep in touch and let us know how we can help you.
Call our office at (920) 982-5822 with any inquires.