The City of Janesville recognizes the burden that COVID-19 is placing on area business. Below, are a few of the resources identified by the Economic Development Office. We will update this page as new resources are identified.
We are in this together and we are here to help. The City of Janesville has established a Community Assistance Hotline for questions regarding the COVID-19 pandemic. Please call 608-373-6027, if you have questions or concerns.
FINANCIAL ASSISTANCE FOR BUSINESSES AFFECTED BY COVID-19
Please be advised that these are external links and the resources are not provided directly from the City of Janesville.
Small Business 20/20
Wisconsin Economic Development Corporation
Eligible Applicants are Wisconsin Based Community Development Financial Institutions (CDFI’s)
CDFI will provide grants for for-profit businesses meeting the following criteria
Current loan recipient in good standing as of 3/1/20
20 or fewer employees
Revenue greater than $0 and less than $2million
Preference for service/retail businesses
Federal Disaster Loan Assistance
Small Business Administration
Eligible Applicants can receive up to $2 Million for working capital loans to allow businesses to maintain operations. Unsecured loans of up to $25,000. Over that will take collateral.
Additional details through website above.
The State of Wisconsin has officially been declared a disaster area.
The SBA will offer webinars at 10am and 2pm daily from March 21st to March 28th. Click on the links below to register.
Register for 10 am webinars: http://ow.ly/eKOR50yRB1q
Register for 2 pm webinars: http://ow.ly/gQLU50yRAVH
Facebook Small Business Grants Program
Eligible companies can use the grants to pay employees, rent, social media/marketing and to cover other operational costs.
Details forthcoming. Follow up with the web site above.
Inc. Financial Assistance Tracker for Businesses Impacted by Coronavirus
Inc.com has established a financial assistance tracker listing various organizations and agencies that are offering financial assistance to small businesses that have been affected by Coronavirus. This is being updated on an ongoing basis