Wisconsin's SBA office is offering daily webinars to answer your questions regarding the SBA's Economic Injury Disaster Loans, for small businesses owners impacted by COVID-19. 

 

This webinar will provide an overview of the Economic Injury Disaster Loans that are available to Wisconsin small businesses and private, non-profits.  Information included will be:

 

• Program eligibility

• Use of proceeds

• Terms

• Filing requirements

• Additional small business resources

 

The Coronavirus Preparedness and Response Supplemental Appropriations Act 2020 (H.R. 6074) expanded the Small Business Act’s definition of a disaster to include Coronavirus (COVID-19). As a result, the Small Business Administration (SBA) will be able to provide Economic Injury Disaster Loans (EIDLs) under a Governor’s Certification Disaster Declaration. In order for SBA to issue an EIDL declaration, the Governor must submit a written request to SBA with supporting economic injury loss information that certifies at least five (5) small businesses in a disaster area have suffered substantial economic injury as a result of the disaster.