News: Disaster Loan Help; Contracting Webinars; Partner Loan Programs

Wisconsin District Office--March 21, 2020

u s small business administration
COVID-19: Guidance for Small Businesses

Disaster Loans: Get Help Applying

Wisconsin small businesses and private non-profits are now eligible for SBA's Economic Injury Disaster Loans

  • Loans are available for up to $2 million.
  • These loans can provide working capital to meet the needs of payroll, accounts payable, and fixed debt payments until the situation improves.
  • Interest rates are 3.75% for small businesses and 2.75% for non-profits.
  • Payments can now be deferred up to 12 months. 
  • Terms can go as long as 30 years. 

How can you apply? 

Register: SBA Disaster Loan Webinars

Have loan questions? Get answers.

Wisconsin's SBA office is offering daily webinars to walk you through the application process and answer your questions. Register now through March 28--if demand continues we'll open new sessions  

Register for 10 am webinars:

Register for 2 pm webinars: 

Help from Partners Around Wisconsin


SBA partners statewide can assist with the SBA Economic Injury Disaster Loan application process and help you address your specific situation.

Get Started: Complete These Forms

You'll need to include these forms with your application.  If you're having trouble accessing the loan application, you can do these first. 

  • Tax Information Authorization (IRS Form 4506T) for the applicant, principals and affiliates.
  • Complete copies of the most recent Federal Income Tax Return.
  • Schedule of Liabilities (SBA Form 2202).
  • Personal Financial Statement (SBA Form 413).
  • Profit and loss statements
  • Monthly sales figures (SBA Form 1368)

Once you start the loan application at, be sure to check "Economic Injury" for the type of loan you're applying for. 

New! COVID-19 Webinars for Government Contractors

The Wisconsin Procurement Institute is offering webinars with SBA staff and their small business contracting experts this week tailored for government contractors' specific concerns as they navigate the economic downturn and COVID-19 crisis.  All webinars take place 11 am-11:30 am.

Monday, March 23 Register

Wednesday, March 25 Register

Friday, March 27 Register

Other Federal and State Resources


Community Lenders Respond to COVID-19


  • For current and new small business clients, we are offering fast track loans up to $25,000! Contct Michael Hetzel, Director of Lending: for more details.
  • Don’t forget about KIVA!  Kiva is now offering $15,000 loans statewide
  1. General information can be found here: 
  2. Business owners looking to borrow, should follow this link: 
  3. For a WWBIC endorsement or for assistance with this process, please send an email to

Hmong Wisconsin Chamber of Commerce:

SBA 7(a), 504, Micro-loans Can Be Deferred

Small businesses with SBA-backed micro-loans, 7(a) loans, and 504 loans can request deferrals of three-six months. Contact your lender for details.  

Stay Informed

If someone forwarded you this newsletter, you can sign up at sure to include your zip code to get news customized for Wisconsin and your area.  We'll be posting new information on Twitter too--find us there at @SBA_Wisconsin.

For more on SBA programs for the coronavirus, please visit