During these uncertain times, please know that I have been in constant communication with the public and private sector on all levels to communicate the best practices to slow the spread of COVID-19 and assess the relief our communities need.
Earlier this month, I led a bipartisan letter to Small Business Administration (SBA) Administrator Jovita Carranza with several of my colleagues in the Wisconsin delegation expressing support for Governor Evers’ request for SBA Economic Injury Disaster Loans in the wake of the COVID-19 pandemic. With businesses in Wisconsin temporarily closing their doors and individuals self-quarantining, it is important that we provide the necessary assistance to the backbone of Wisconsin’s economy, our small businesses.
Click here to view the full letter.
Last Saturday, I received email confirmation with a press release and fact sheet announcing that SBA will be offering these loans to small businesses, as I requested in my letter.
During this period where we must be especially mindful of the strain on local businesses and the need to support them, this is a big win for small businesses in Wisconsin.
Please feel free to forward this message to any small business owner in your area that is in need of relief.
Ways for businesses to apply:
https://disasterloan.sba.gov/ela
(800) 659-2955
[email protected]
SBA’s Tips for businesses seeking to apply:
- Due to high demand, consider applying between 7 a.m. and 7 p.m. for best results.
- Print and fill out the application by hand prior to submitting it online. Since the system is overloaded with applicants, it will be helpful to have the information available to reduce the likelihood of the system timing out while you are applying.
- Save your work continuously as you apply.
- Write down your login and password, as you will need to use this information throughout the application and approval process.
- The sooner you apply, the sooner you will be approved because the SBA is operating on a first in, first out system. Some loans have already been approved, and the longer you wait to apply, the less likely it is that you will receive a loan.
Additionally, the department of Health and Human Services (HHS) and the Federal Emergency Management Agency (FEMA) have put this website together to provide information ranging from:
- Vetted non-profits who are fighting COVID-19.
- How individuals can volunteer.
- How businesses can re-tool to produce items facing shortages.
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