Updated: March 25, 2020

LADCO is available to assist directing its members to resources to help address business concerns about the COVID-19 situation.

We are working with local, county and state agencies and groups to coordinate possible emergency economic relief for businesses in the region.

For general concerns or status updates on the COVID-19 situation, LADCO recommends our members to visit www.coronavirus.gov.

Click to View Governor Evers’ Emergency Order #12 – Safer at Home Order

Actively Available Programs

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 for these projects.

Effective Immediately, U.S. applicants for a Kiva loan will have access to the following:

  • Expanded eligibility: Eligibility has been expanded to include start-ups and small businesses (under 50 employees)
  • Larger loans: The maximum loan on the Kiva platform has increased to $15,000
  • Grace period: applicants may receive a grace period of up to 6 months for greater financial flexibility

Directions/assistance in applying for the loans will be coming shortly. Please stay tuned to the kiva.org website for the most up-to-date information. We will continue to keep our information updated as timely as possible.

The US Small Business Administration (SBA) will be providing disaster assistance loans to businesses who suffer substantial economic injury due to the COVID-19 pandemic in the United States.

Wisconsin was added to the list of states to be funded Friday, March 20, 2020.

Eligible entities may qualify for loans up to $2 million. Maximum unsecured loan is $25,000. The interest rates for this disaster relief program are 3.75% for small businesses and 2.75% for nonprofit organizations with terms up to 30 years. 

These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred.  The loans are not intended to replace lost sales or profits or for expansion. Criteria such as acceptable credit history and collateral requirements will be looked at in the application process. 

Businesses Eligible to Apply:

SBA’s Economic Injury Disaster Loans (or working capital loans) are available to small businesses, small agricultural cooperatives, small aquaculture businesses and most private non-profit organizations

This includes:

  • Businesses directly affected by the disaster
  • Businesses that offer services directly related to the businesses in the declaration
  • Other businesses indirectly related the industry that are likely to be harmed by losses in their community

(Example: Manufacturer of widgets may be eligible as well as the wholesaler and retailer of the product.

For a complete guide to fund information, eligibility requirements, and a step-by-step walk-through of the application process, please download the following presentation supplied by the SBA by clicking HERE.

For more information, please visit the Disaster Loan Page of the SBA.

Assistance Contacts

Phone: 800-659-2955
7am to 9pm ET seven days a week

Individuals who are deaf or hard-of-hearing can call 800-877-8339

The SBA is hosting two daily webinars for training purposes.

CLICK HERE to register for the 10:00 AM webinars
CLICK HERE to register for the 2:00 PM webinars

WEDC’s Small Business 20/20 program works with community development financial institutions (CDFI’s) to distribute grant funds to their qualifying clients. The CDFI, not WEDC, will provide the grants to businesses directly. Funds from the SB20/20 program will be distributed by participating CDFI’s to their current clients. Businesses who are not currently CDFI clients are not eligible to access these funds, but work to expand access to funding through other programs is currently being done. For more information on the WEDC’s SB20/20 program, please follow this link, SB20/20.

City of La Crosse

The city of La Crosse proposes a relief grant to assist businesses to supplement State and Federal programs. Grants would be based on payroll, providing up to $5,000 per 10 employees for a maximum of $25,000 per business. Details of the grant are in the works, with planned program to be review and acted on by the La Crosse Common Council at their April 9th meeting.

An immediate pause for all business currently participating in any of the City-loan payments, including capital, small business development and upper floor renovation loans for the next three (3) months.

For more information on City programs, please download this Press Announcement, or contact Andrea Schnick, Economic Development Planner at (608) 789-8321 or schnicka@cityoflacrosse.org.

For La Crosse Small Businesses

Programs Coming Soon

The WEDC is working with the CDFI’s to offer tailored resources and innovative programs to LADCO members that invest federal dollars alongside private sector capital. LADCO is working with the WEDC to help make capital available to its small business members to assist them in getting through the crisis they will be facing in the coming weeks.

Grants up to $20,000 will be available. Please visit the WEDC’s page to learn more about the coming opportunity.

For general concerns or status updates on the COVID-19 situation, LADCO recommends our members to visit www.coronavirus.gov. For other locally sourced information, including closures, business strategies, and other updates, please visit the La Crosse Area Chamber of Commerce website.

The WEDC is actively updating its programs and information for business relief initiatives. For the most recent information, please click HERE.

We will continue to address these and other critical business related pandemic issues impacting our members. LADCO stands ready to serve our member businesses and community partners.

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