St. Croix County Announces COVID-19 Small Business Loan Program

Hudson WI

14 July, 2020

3:51 PM

Description

Press release from the St. Croix Economic Development Corporation: July 14, 2020 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, 220. Learn more and obtain a link to the application at https://www.sccwi.gov/958/Small-Business-Loan. This press release was produced by the St. Croix Economic Development Corporation. The views expressed here are the author's own.