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.
Wisconsin Launches COVID-19 Response and Recovery Investment Dashboard (POSTED 8/18/20)
Wisconsin Governor Tony Evers launched the COVID-19 Response and Recovery Investment Dashboard, a site designed to provide transparent, updated information on how and where the state is directing federal funding, including monies from the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
USDA Pushes CFAP Deadline to September 11 (POSTED 8/18/20)
The U.S. Department of Agriculture (USDA) is pushing the deadline to apply for aid via its Coronavirus Food Assistance Program (CFAP) to September 11. USDA officials reported the agency has processed more than $7 billion in payments to 521,000 farmers.
Debt Relief for New SBA-backed Loans (POSTED 7/27/20)
From SBA: As part of our coronavirus debt relief efforts, the SBA is paying six months of principal, interest, and any associated fees for current and new SBA-backed loans disbursed before September 27 in the agency’s most popular loan programs (7(a), 504, and Microloan).
Note: If you’re seeking a loan to cover fixed assets such as furniture, real estate, machinery, equipment, construction, and/or remodeling, you may need to have information to your lender by August 7 for the loan to be processed in time.
Learn more about starting or growing your small business with an SBA-guaranteed loan and start the process now to take advantage of six months of debt relief.
UPDATE from SBA on the EIDL Advance (POSTED 7/15/20)
“After providing 6 million small businesses and nonprofits with grants of up to $10,000, the EIDL Advance’s $20 billion has been fully allocated. More than 60,000 Wisconsin organizations received $215.9 million since March 27.”
Economic Injury Disaster Loan (POSTED 7/15/20)
This working capital loan can help small businesses and non-profits pay expenses they are not able to due to income loss caused by the COVID19 pandemic. Apply
“SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP” (POSTED 6/26/20)
THE SBA launched a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the Paycheck Protection Program (PPP). Learn More.
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.
USDA Launches Third Round of Farmers to Families Food Box Program (POSTED 7/27/20)
The U.S. Department of Agriculture (USDA) announced it will launch a third round of its Farmers to Families Food Box program, spending the balance of the $3 billion authorized by Congress, an amount expected to total $600 million.
In the third round of the program, USDA will purchase only combination boxes of food, containing fresh produce, dairy products, fluid milk, and meat products. Eligibility will not be limited to previous vendors. USDA officials are saying vendors will be expected to illustrate how coverage will be provided to areas identified as opportunity zones, detail subcontracting agreements, and address the “last mile” delivery of product into the hands of the food insecure population. Distribution of food boxes is to occur between September 1 and October 31, 2020.
Wisconsin Economic Development Association – COVID-19 Information and Resources
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 COVID-19 Response Guide (POSTED 8/21/20)
This free workbook provides you with the opportunity to reflect on the actions you have already taken in response to COVID-19 and walks you through best practices and a process to move forward.
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 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 COVID-19 Federal Rural Resource Guide
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
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
“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 email@example.com