Funding Opportunites

Funding Available: At a Glance

SourceName of ProgramTypeTermsEligibilityDescriptionLink
Ethnic & Diverse Business CoalitionCOVID-19 Small Business Impact GrantGrant$500Small ethnic and diverse business of any industry that is a member of any of the 14 coalition businesses.More Info
Federal GovernmentFamilies First Coronavirus Response Act (FFCRA)Reimbursement of Payroll by Not Submitting Payroll TaxesREQUIRED: Sick: 100% pay up to 80 hours
Paid Leave (optional for employers under 50): 2/3 pay for 12 weeks
If sick time or paid time off is tacken due to COVID or if an employee needs time off to care for a child who does not have care due to COVID.More Info
Federal Government CARES ActPaycheck Protection Program (PPP)LoanAverage Payroll, Up to $10 mil for 2.5 monthsAll businesses – including nonprofits, veterans organizations, Tribal business concerns, sole proprietorships, self-employed individuals, and independent contractors – with 500 or fewer employees can apply. Businesses in certain industries can have more than 500 employees if they meet applicable SBA employee-based size standards for those industriesNo collateral needed or personal guarantee. You can bring back employees and restore wages generally within 30 days and maintain them through June 30.More Info
Small Business AdministrationEconomic Injury Disaster Loan (EIDL)Loan, Foregivable If You Continue to Retain Your EmployeesUp to $2 millionAvailable to small businesses and non-profits (including faith-based) with fewer than 500 employees.For working capital for up to a 30-year term at 3.75% (2.75% for nonprofits). Given based on credit scores. No tax returns are required. You canborrow up to $200,000 without a personal guarantee.More Info >>
Small Business AdministrationEmergency GrantGrantUp to $10,000Apply for this as part of yoru SBA Economic Injury Disaster Loan.More Info
Small Business AdministrationEmployee Retention Tax CreditTax Credit50% tax credit for the first $10,000 in compensation including benefitsPrivate employers including nonprofits, carrying on a trade or business in 2020 that was partially or fully suspended due to COVID-19 OR experienced a decline in receipts >50% in a quarter compared to the same quarter in 2019.Cannot be used with a Paycheck Protection Program (PPP) LoanMore Info >>
Hmong Chamber of CommerceEmergency Loan Fund (COVID-19)LoanFrom $5,000 up to $10,000Must be an existing business in operation for a minimum of two years and be located in a low to moderate-income tract or be a minority-owned business located in Wisconsin. No non-profits or sell firearms and related products, alcohol beyond 50% of gross receipts, gambling or lottery, or passive real estateProvides needed funding for qualified businesses impacted by COVID for rent, payroll, and other fixed expenses.More Info
U.S. Bartenders Guild (USBG) National Charitable FoundationBartenders Emergency Assistance ProgramGrantBe a Bartender or the spouse or child of a Bartender going through a hardship. Yo do not have to be a member of the guild.More Info
KivaCrowd-Lending PlatformLoan0% loan matched dollar for dollar by the Wisconsin Economic Development Corporation. Up to $15,000. May receive a grace period of up to six months.Given through a platform of online lenders (local and global).More Info
Wisconsin Economic Development Corporation20/20LoanUp to $5 milOnly businesses workign with a qualified lender (CDFI) currently can apply.For rent, payroll, paid leave.More Info
City of La CrosseSmall Business Disaster ReliefGrant$5,000 per 10 employees, Up to $25,000Businesses in the Ciyt of La CrosseA supplement to state and federal programs. Up for vote April 9. Funding closes April 30.More Info
City of La CrosseExisting Loan PauseGrantPausedPayments are not due including capital, small business development and upper floor renovation loansMore Info
Tavern League of WisconsinC.H.E.E.R.S Donation ProgramDonationTavern League of Wisconsin MemberThey are replacing their community fundraiser with a fundraiser for Tavern League Members
Export-Import BankCOVID LendingLoans, Insurance Policies, Extension of PaymentsImporters or exporters to/from global markets.More Info

Funding News Stories

Economic Injury Disaster Loans (EIDL) 101

The Coronavirus Aid, Relief, and Economic Security (CARES) Act expands the Small Business Administration’s long-standing Economic Injury Disaster Loan Program (EIDL). The EIDL program was created to assist businesses, renters, and homeowners located in regions...

CARES Act FAQs

CARES Act FAQs The La Crosse Area Chamber has compiled these highlights from many sources. We see our job as your extra hands -- cutting through the many resources so you can focus on stregthening your business so it can enhance our quality of life. SOURCES:...

Families First Act (FFCRA) FAQs

Families First Coronavirus Response Act Highlights The La Crosse Area Chamber has compiled these highlights from many sources. We see our job as your extra hands -- cutting through the many resources so you can focus on stregthening your business so it can enhance our...

US Chamber Business Reaction to CARES Act

Business Impact of the CARES Act (Federal Stimulus Bill) Small Business "Paycheck Protection Program" $349 billion with eligibility to: small businesses <500 employees, up to 1500 based on industry & revenue Accommodation & Food Services 501 (c) 3...

Bartenders Emergency Assistance Program

U.S. Bartenders Guild (USBG) National Charitable Foundation’s Bartender Emergency Assistance Program provides emergency funding for bar industry staff who need financial support. USBG membership is not required. Additional donations are being accepted as well. 

SBA Economic Injury Disaster Loan Program Webinar

SBA Economic Injury Disaster Loan Program explained in WMC Webinar featuring SBA Public Affairs Specialist Kathy Cook Below are notes from a webinar hosted by WMC with guest, SBA Public Affairs Specialist Kathy Cook. Overview The SBA is now offering designated states...

Webinar: What Local Entrepreneurs Need to Know Right Now

COVID-19 Webinar Update for Entrepreneurs Below are notes from a webinar hosted by WARF (Wisconsin Alumni Research Foundation) as part of their Entrepreneurons series featuring regional experts sharing details on emerging initiatives, mechanisms for funding relief...

LOAN: Kiva Crowd-Lending Platform 

Kiva is a crowd-lending platform that provides 0% loans to small businesses through a platform of online lenders (local and global). WEDC initiated a 1:1 match for loans for downtown businesses that are women, minority or veteran-owned last year to expedite funding...

LOAN: Small Business Administration Disaster Loans

The U.S. Small Business’s Economic Injury Disaster Loans offer up to $2 million in loans to small businesses to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small...

GRANT: WEDC’s Small Business 2020

GRANT: WEDC's Small Business 2020 Small Business 2020 (SB20/20) is a $5 million grant program to assist businesses with no more than 20 employees to cover rent and to meet payroll expenses, including paid leave; providing grants of up to $20,000 to targeted...

City of La Crosse Proposes Small Business Relief

The City of La Crosse’s small business owners are facing an unprecedented challenge with store closings and declining consumer traffic due to the COVID-19 pandemic. The City's Planning & Development Department has reached out to La Crosse businesses over the last...

Export-Import Bank Offering Relief for Exporters & Banks

EXIM is offering relief measures, including waivers, deadline extensions, streamlined processing, and flexibility, to its customers for an initial period of 30 days (with the possibility of a further extension of the period, at EXIM’s discretion) for the following...

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