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June 12, 2020
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Southwest Wisconsin
Serving: Crawford, Grant, Green, Iowa, Lafayette, and Richland Counties
We're All in Small Business Grant - Apply Next Week
Please visit the Wisconsin SBDC's dedicated Covid 19 site for all of the latest updates:
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Funded by the federal Coronavirus Aid, Relief and Economic Security (CARES) Act, theWe’re All InSmall Business Grant Program will provide $2,500 to 30,000 Wisconsin small businesses to assist with the costs of business interruption or for health and safety improvements, wages and salaries, rent, mortgages and inventory.
A business may apply if it fits the following criteria:
  • The business is Wisconsin-based and for profit;
  • The business employs 20 or fewer full-time equivalent (FTE) employees, including the owner;
  • The business has greater than $0 but less than $1 million in annual revenues; and
  • The business was still in business in February 2020 and filed 2019 or 2018 taxes.
  • The business must not be part of a national chain, unless the business is a third-party franchise;
  • Industries covered by other Wisconsin CARES Act Coronavirus Relief Fund programs are ineligible for this program. These are:
    • Crop Production
    • Animal Production or Aquaculture
    • Lessors of Residential Buildings and Dwellings
The online grant application will be accessible for one week from 8 a.m. Monday, June 15, through 11:59 p.m. Tuesday, June 23.
The applications are considered based on industry, geography and other factors, and are not first-come-first-served. To learn more about the program and the documents that are required, please visit:

Each application requires a letter of support - from a local chamber of commerce, main street program, bank, economic development office, or from the SBDC. If you would like us to send a letter to you, please complete this form:
Paycheck Protection Loan Forgiveness Changes
As a result of the legislative changes to the Paycheck Protection program that were signed last week, the SBA, in consultation with Treasury, will issue rules and guidance, a modified borrower application form,and a modified loan forgiveness application.These modifications will implement the following important changes:
  • Extend the covered period for loan forgiveness from eight weeks after the date of loan disbursement to 24 weeks after the date of loan disbursement.
  • Lowertherequired percentage of loan proceeds that must be used for payroll costs or spent on payroll costs during the forgiveness period.
  • Provide two safe harbors from reductions in loan forgiveness based on reductions in full-time equivalent employees and for borrowers that are unable to return to the same level of business activity the business was operating at before February 15, 2020.
  • Increase to five years the maturity of PPP loans that are approved by SBA (based on the date SBA assigns a loan number) on or after June 5, 2020.
  • Extend the deferral period for borrower payments of principal, interest, and fees on PPP loans.
  • In addition, the new rules will confirm that June 30, 2020, remains the last date on which a PPP loan application can be approved.
For more detail, read the full statement here.
Are you planning to start or expand your business?
$500,000 in New Revolving Loan Funds Coming to the Region:
The Southwestern Wisconsin Business Development Fund (SWWBDF) has been around for decades and has provided nearly $900,000 in low interest loans to businesses across Grant, Green, Iowa, Lafayette and Richland counties. This has helped more than a dozen businesses with the gap funding that is needed to get started or to take that next step in business expansion.

The current fund of $230,000 is about to get a cash influx of another $500,000 which will help new and existing businesses and non-profits open up or expand. The existing fund has $50,000 that are available immediately and the additional funds will be available as early as August 2020. The interest rates will be 2% on average.

Visit to see if you qualify. The pre-application is a single page of information making it very easy to get started.
Green County Development Corporation is continually compiling links to
websites with information specifically aimed at helping businesses
navigate COVID-19's impact.

Click here for those resources

Green County Development is a 501c3 non-profit organization building the economic future of Green County Wisconsin's communities and businesses through public-private partnerships.
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