St. Croix County Creates COVID-19 Small Business Loan Program
On July 14th, St. Croix County, Wisconsin announced the launch of its COVID-19 Small Business Loan Program. It was created to help businesses in the county currently experiencing unanticipated financial pressures due to the COVID-19 pandemic.
$500,000 was allocated to the loan relief fund by unanimous action at the July 7th county board of supervisors meeting.
Eligible businesses can request $5,000 to $10,000.
Loan proceeds can use be used to help with rent/mortgage payments, commercial utilities, preexisting purchase orders (placed prior to June 15, 2020), payroll expenses, and modifications and/or upgrades related to adjusting business practices due to COVID-19.
Loan applications are accepted from July 14 through September 10, 2020.
Learn more and obtain a link to the application at https://www.sccwi.gov/958/Small-Business-Loan.