Select Resources for Entrepreneurs and Small Businesses
Given the challenging and changing situation regarding COVID-19, the CDR TURBO Program is sharing information and resources relevant to food and beverage entrepreneurs and small businesses. There is a lot of information coming out and it can be hard to find the resources that are important for small business and entrepreneurs. The TURBO Program is working closely with partner organizations and will be posting resources and information on this page. Check back as this site will be updated with the latest resources.
Gov. Evers Announces $75 Million We’re All In Grant Program and Initiative to Spur Wisconsin’s Economic Recovery, Promote Safe Business Practices (POSTED 5/22/20)
From WEDC: Gov. Tony Evers today announced $75 million in assistance for small businesses as part of the Wisconsin Economic Development Corporation’s We’re All In initiative, a comprehensive effort to celebrate and help Wisconsin’s small businesses get back on their feet and support best practices to keep businesses, consumers, employees and communities safe. Read more.
Agricultural Businesses Are Eligible to Apply for Federal Economic Injury Disaster Loans (POSTED 5/5/20)
“U.S. Small Business Administration Administrator Jovita Carranza announced today that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The loan portal opened today for agricultural businesses only at www.sba.gov/disaster.
SBA continues to process loan applications already submitted for the EIDL and EIDL advance programs on a first-come, first-served basis. As of April 24, Wisconsin small businesses and non-profits had received 339 loans for $71.6 million in EIDL loans, with 14,277 organizations receiving $63,432,000 in EIDL advance funds.”
“SBA Resumes Coronavirus Lending Programs” (POSTED 4/29/20)
“With the additional funding provided by the new COVID-19 relief package, SBA resumed accepting Paycheck Protection Program applications on April 27. SBA has also resumed processing EIDL Loan and advance applications that were already in the queue on a first come, first-served basis.” For more information, visit https://www.sba.gov/funding-programs/loans/coronavirus-relief-options.
Update: Paycheck Protection Program Application Available (POSTED 5/22/20)
The U.S. Small Business Administration has released a loan forgiveness application form with instructions for participants in the Paycheck Protection Program.
SBA: Get Started with Paycheck Protection (POSTED 4/30/20)
“The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive PPP loans if 75% (or more) of the loan is used for payroll-related costs and the remaining amount is used for eligible expenses.
- FAQ’s for lenders and borrowers
- Calculate your PPP Maximum Loan Amount by Business Type
- Seasonal Businesses Guidance
- Find a lender
- What happens when the lender approves and disburses my loan?
For more information, visit www.sba.gov/paycheckprotection
Other SBA Resources Currently Available (POSTED 4/21/20)
The SBA is committed to helping small businesses recover from the economic impact of COVID-19. Currently available assistance includes:
- Funding: SBA 7(a), 504 and microloans, on which the SBA is offering Debt Relief; or, SBA Express Bridge Loans.
- Advising: The SBA Resource Partner Network for business resiliency readiness advising and training.
- Tax Relief: IRS information about tax relief for businesses.
- State Resources: Wisconsin Economic Development Corporation for employers and small businesses and Wisconsin Small Business Development Center network.
WEDC COVID-19 Resources – Small Business 20/20
This website also includes a FAQ and more information for WEDC’s Small Business 20/20 loans.
Wisconsin Economic Development Association – COVID-19 Information and Resources (POSTED 4/8/20)
The Wisconsin Economic Development Association provides a straightforward website on the existing and new COVID-19 related SBA loan/grant programs.
Wisconsin Small Business Development Center Coronavirus FAQs
The Wisconsin Small Business Development Center has created a list of FAQs on available resources and a “to do” list to properly deal with this challenge.
USDA Farmers to Families Food Box Distribution Program (POSTED 4/29/20)
The USDA is seeking request for proposals (RFP) for its new Farmers to Families Food Box Distribution program, which will supply $300 million per month worth of consumer-ready boxes of food to non-profit organizations on a recurring schedule. Dairy product purchases will encompass $100 million per month. There is no requirement that bidders be pre-approved USDA vendors to make an offer on the RFP. Applications are due Friday, May 1. Also see: FAQs.
USDA COVID-19 Federal Rural Resource Guide (POSTED 4/15/20)
“USDA and its Federal partners have programs that can be used to provide immediate and long-term assistance to rural communities affected by the COVID-19 outbreak.”
USDA Announces Coronavirus Food Assistance Program (POSTED 4/21/20)
“This new U.S. Department of Agriculture (USDA) program will take several actions to assist farmers, ranchers, and consumers in response to the COVID-19 national emergency.”
U.S. Department of Labor Press Release Regarding the Families First Coronavirus Response Act
This press release from the Department of Labor includes details and resources for “employees and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020.”
Food Finance Institute “Huddle” Meetings
Notes, advice and resources from the Food Finance Institute, including knowing when to hit “pause” on your business.
Next Huddle: The Food Finance Institute holds Huddle meetings on Mondays a 1 pm (CT). To receive registration information and updates on the Huddles, fill out the contact form here: https://edible-alpha.org/contact-us/
IRS Coronavirus Tax Relief
The IRS has established a special website focused on steps to help taxpayers, businesses and others affected by the coronavirus here.
FTC Coronavirus Scam Information
The Federal Trade Commission offers tips to avoid coronavirus scams here.
CDR COVID-19 Alert (UPDATED 4/14/20)
Although not directly related to small businesses and entrepreneurs, CDR Director John Lucey posted an update on CDR operations and events. This page also includes links to additional resources for dairy processors here.
Michael Best COVID-19 Resource Center (POSTED 4/2/20)
“Michael Best has formed a COVID-19 Task Force to advise our clients on business and legal implications related to the coronavirus.” View website.
Vic Grassman, CEcD
TURBO Commercialization Manager
Phone: 608-512-6661 | email firstname.lastname@example.org