St. Croix County COVID-19 Small Business Loan Program

St. Croix County's COVID-19 Small Business Loan Program was established as a resource for St. Croix County businesses experiencing unanticipated financial pressures due to the COVID-19 pandemic. This fund is designed to work with other federal, state, and regional financial assistance programs when possible. The fund is intended to sustain what otherwise were healthy businesses through this period of economic disruption. For more information, visit

EDA CARES Act Recovery Assistance Revolving Loan Fund  (RLF)

The Economic Development Administration (EDA) has awarded $500,000 to the West Central Wisconsin Regional Planning Commission (WCWRPC) to establish the EDA CARES Act Recovery Assistance Revolving Loan Fund (RLF) program. For more information, visit


Federal Reserve’s Main Street Lending Program

This program is established to support lending to small and medium-sized businesses (as defined under the program) that were in sound financial condition before the onset of the COVID-19 pandemic.  See the program webpage for specific details.  This program is anticipated to start at the end of May.

U.S. Chamber of Commerce Guide to the Main Street Lending Program

SBA Economic Injury Disaster Loan Assistance (EIDL)
The U.S. Small Business Administration (SBA) has approved Wisconsin for an initial grant of up to $10,000 and low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of COVID-19. Additional Funding Notice from SBA: With the additional funding provided by the Phase 3.5 Stimulus Bill, SBA will resume processing EIDL Loan and Advance applications that are already in the queue on a first come, first-served basis. SBA will begin accepting new EIDL and EIDL Advance applications on a limited basis to provide relief to U.S. agricultural businesses.  


SBA Paycheck Protection Program
The Paycheck Protection Plan (PPP) authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis.  Businesses apply through a participating lending institution. Additional Funding Notice from SBA: SBA will resume accepting Paycheck Protection Program applications from participation lenders on Monday, April 27, 2020 at  9:30 a.m. CT.

SBA Debt Relief Program
Under this program the SBA will assist with principal and interest payments for SBA 7(a) loans issued prior to September 27, 2020.


SBA Express Bridge Loan Program
This program allows small businesses who currently have a business relationship with an SBA Express Lender to access financing quickly.  These loans can provide economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loan or used to bring the gap while applying for an SBA EIDL loan.




U.S. Department of Agriculture Business & Industry (B&I) CARES Act Program

USDA is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. This program is available to rural businesses and agricultural producers that are not eligible for USDA Farm Service Agency loans. See program webpage for additional details.


(Note: this list is not exhaustive of all potential non-governmental assistance programs.)


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