The City of Oshkosh Micro Enterprise Program (Forgivable Loan)

The City of Oshkosh Micro Enterprise Program (Forgivable Loan)

The City of Oshkosh Micro Enterprise Program (Forgivable Loan)

The Oshkosh Micro Enterprise Program is focused on existing micro enterprises located in the corporate limits of the City of Oshkosh that have been impacted by the COVID-19 pandemic.

This is a forgivable loan program and qualified micro enterprises are eligible for a forgivable loan of up to $7,500. Funding can be used for assistance with, basic working capital for leasing space, insurance and/or utilities, and staff salaries.

Please download the appropriate fact sheet for your location to view income requirements for this opportunity. To view a detailed map of eligible locations, please click here.


How will this program work and who is eligible?

WWBIC will be handling the application and distribution of the loans, as well as follow up business coaching and mentorship opportunities. Funds will be targeted to for-profit, existing micro-enterprises located in the City of Oshkosh, where the business has five or fewer full-time equivalent employees, including the owner.


Eligibility:

  • Businesses must be in the City of Oshkosh.
  • Businesses must be a Micro Enterprise.
  • Business needs to be in good standing with State of WI and City of Oshkosh.
  • Business must have a DUNS Number
  • Business owner’s household income is under 80% of the County of Winnebago Median
  • EXCLUDES home based businesses and residentially zoned property
  • EXCLUDES new businesses started after February 1st, 2020
  • Households Members 80% of County Median Income

 


What type of documentation is required?

Businesses must provide all documents to be considered for the forgivable loan below:

  • Executive Summary for the forgivable loan and detailed use of funds for your business
  • Client Information Form
  • Business Information Form
  • Duplication of Benefits Form
  • EIN
  • Business Debt Schedule
  • Interim Income Statement (2021)
  • Business Tax Returns for 2019 and 2020 – two separate PDFs
  • SBA Form 413 – Personal Financial Statement for all owners of the business, including spouses and guarantors
  • Personal Tax Forms for 2019 and 2020
  • W-2 or 1099 for 2020
  • A copy of your driver’s license/photo id

Ineligible Use of Funds

You may not use your loan for the following below items below:

  • Reimburse expenses incurred prior to Feb 1, 2021
  • Pay off non-business debt
  • Purchase personal expenses
  • Direct financing to political activities or paying off taxes and fines
  • Purchase personal items, or support other businesses in which the borrower may have an interest
  • No new business start up costs

When will the application be available?  

The application will be available on Wednesday September 29th, 2021 at 8:00 AM. Application pag will remain open until all Forgivable Loan funds have been exhausted. Applications will be reviewed in the order they are received (time stamped) and will be equitably considered. 

For additional information or questions about applying for The Oshkosh Micro Enterprise Program, please contact Kristen Jacobs, at kjacobs@wwbic.com.

The application will be available on Wednesday September 29th, 2021 at 8:00 AM. Application page will remain open until all Forgivable Loan funds have been exhausted. Applications will be reviewed in the order they are received (time stamped) and will be equitably considered.

Apply now for the BMO Celebrating Women Grant Program

Apply now for the BMO Celebrating Women Grant Program

Apply now for the BMO Celebrating Women Grant Program

Apply now for the BMO Celebrating Women Grant Program.

Take advantage of this opportunity! Apply for BMO’s Celebrating Women Grant Program. Eight women-owned businesses will each receive a $10,000 grant to help grow their businesses while focusing on sustainability. BMO is committed to investing in sustainable programs and practices within communities. The BMO Celebrating Women Grant Program will assess applicants based on their contributions to social, environmental, or economic sustainability. Application close Friday, August 13th, 2021 at 10:59 PM CT.


You’ll also need to meet specific eligibility criteria as an applicant and as a business.
Criteria for applicants:

• You have authority to participate in the Grant Program on behalf of the business
• You’re a resident of the U.S.
• You’ve reached the legal age in the state where your business resides

Criteria for businesses:
• Must be at least 51% owned or controlled by women or by individuals who self-identify as women
• Currently active and operating in the U.S.
• Has a physical location (or a mailing address for their headquarters) in Arizona, Florida, Illinois, Indiana, Kansas, Minnesota, Missouri or Wisconsin
• Must be a for-profit business with annual revenues of $5 million USD or less
• In good standing with the Secretary of State in which the business is registered
• Has been in operation selling a product or service for at least 2 years as of January 1, 2021

For full eligibility details for the 2021 Grant Program, see the Official Terms and Conditions.

Milwaukee County Restart Grants Program

Milwaukee County Restart Grants Program

Milwaukee County Restart Grants Program

Located in Milwaukee County? WWBIC is here for you! The Milwaukee County Restart Grants Program is focused on existing businesses located in Milwaukee County looking for business financing during COVID-19.


Additional Details:
• Maximum of $10,000
• Grants can be used for assistance with but not limited to; payroll; rent; utilities; inventory for reopen-ing; PPE for employees, clients or customers to safely reopen; or physical modifications of the space to align with COVID Guidance
• Business must be located in Milwaukee County. Businesses located in the City of Milwaukee, River Hills, West Allis or Wauwatosa are NOT ELIGIBLE

Eligibility: 
• Businesses cannot be a START-UP (less than 12 months) – must have been operating in 2020
• Businesses cannot be a non-profit business structure
• Business needs to be in good standing with State of WI
• Current on all local, state and federal taxes
• Business has not applied or received assistance through the Small Business Administration, Federal Emergency Management Program, or other federal government program.
• The business owner must meet the following criteria:
1. The business is a small business, with 20 full time equivalent or fewer jobs
2. The business owner’s or employees single household income is under 80% of the Milwaukee County Area Median; less than $47,250

Required Documents: 
• Tax returns no older than 2019
• DUNS Number
• Payroll expenses
• Application of benefits (listing all federal funds received)
• WWBIC Client Information Form and Employee Form

Please apply at bit.ly/mkecountyrestart. The application will be available on Friday, July 30th at noon. All applications will be reviewed in the order they are received (time stamped) and will be equitably considered. The application will remain open until 11:59 PM on Friday, August 6th.

Businesses in Bloom

Businesses in Bloom

Businesses in Bloom

Yelp Milwaukee and Wisconsin Women’s Business Initiative Corporation (WWBIC) are teaming up this spring to celebrate 2021 Small Business Month, May 1 – 31. Throughout the month, we will be highlighting some of the amazing local businesses around the Greater Milwaukee area.

Make sure to follow Yelp Wisconsin and WWBIC on social media to learn more about featured businesses and information about supporting small businesses in your area.

FOOD & BEVERAGE

SERVICES:

RETAIL & BOUTIQUE

ARTS & ENTERTAINMENT

SPORTS & RECREATION

_______________________________________

YELP CHECK-IN OFFERS:

______________________________________

Follow along each day on @YelpWisconsin to learn more about each featured businesses and how you can support small.

WWBIC Launches a Fox Valley Region COVID-19 Rural Business Revival Grants Program

WWBIC Launches a Fox Valley Region COVID-19 Rural Business Revival Grants Program

WWBIC Launches a Fox Valley Region COVID-19 Rural Business Revival Grants Program

The Wisconsin Women’s Business Initiative Corporation (WWBIC) is launching a COVID-19 Rural Business Revival Grants Program in the Fox Valley region of Wisconsin to assist single mothers who are racial and ethnic minorities who own micro and small businesses that have been disproportionately impacted by the COVID-19 economic crisis.

Micro and small business assistance grants up to $5,000 will be made available to help a minimum of five eligible business owners in rural areas of Outagamie, Calumet, Shawano and Waupaca counties.

Funding for the program comes from the COVID-19 Community Response Fund established by the Community Foundation for the Fox Valley Region and United Way Fox Cities, with additional generous donations from the community.

“WWBIC understands that entrepreneurs who are also single mothers and racial and ethnic minorities in rural communities have suffered disproportionately from the COVID-19 crisis. These individuals face barriers in accessing traditional financing and resources. While relief efforts have helped, small business revenues remain low. We feel that this upheaval will lead to potentially devastating impact on small businesses in underserved communities as they reach out to us for support amid business closures and economic downturns. This grant identifies that segment of our small business community is in great jeopardy of experiencing catastrophic outcomes that could spill over into our neighborhoods.” – Julie Stoffel

How will this program work and who is eligible?

WWBIC will be handling the application and distribution of the grants, as well as follow up business coaching and mentorship opportunities. All information about the program will be this grant is available on WWBIC’s website, wwbic.com/foxvalleyrevivalgrants, on Wednesday, September 9th at 10am. At the moment, there is no deadline and applications will be open until further notice.

Funds will be targeted to for-profit, existing micro and small businesses (not a start-up) where the applicant is a racial or ethnic minority who is a single mother and owns at least 50% of the business. Businesses must operate in rural areas of Outagamie, Calumet, Shawano and Waupaca counties.

For additional information or questions about the program, please contact Julie Stoffel at Julie.stoffel@wwbic.com or 920.944.2710

About WWBIC Wisconsin Women’s Business Initiative Corp. (WWBIC) is a leading, innovative economic development corporation “Putting Dreams to Work.” WWBIC’s primary focus is on women, people of color, veterans and low income individuals, providing direct lending and access to fair and responsible capital, quality business education, one-on-one technical business assistance and education to increase financial capability. Since 1987, WWBIC has lent over $77 million in micro and small business loans with a current loan portfolio of $24 million and over 570 active borrowers. To learn more about WWBIC visit: www.wwbic.com

Micro and small business assistance grants up to $5,000 will be made available to help a minimum of five eligible business owners in rural areas of Outagamie, Calumet, Shawano and Waupaca counties.

Funding for the program comes from the COVID-19 Community Response Fund established by the Community Foundation for the Fox Valley Region and United Way Fox Cities, with additional generous donations from the community.

“WWBIC understands that entrepreneurs who are also single mothers and racial and ethnic minorities in rural communities have suffered disproportionately from the COVID-19 crisis. These individuals face barriers in accessing traditional financing and resources. While relief efforts have helped, small business revenues remain low. We feel that this upheaval will lead to potentially devastating impact on small businesses in underserved communities as they reach out to us for support amid business closures and economic downturns. This grant identifies that segment of our small business community is in great jeopardy of experiencing catastrophic outcomes that could spill over into our neighborhoods.” – Julie Stoffel

How will this program work and who is eligible?

WWBIC will be handling the application and distribution of the grants, as well as follow up business coaching and mentorship opportunities. All information about the program will be this grant is available on WWBIC’s website, wwbic.com/foxvalleyrevivalgrants, on Wednesday, September 9th at 10am. The application will remain open until 11:59 pm on Wednesday September 30th.

Funds will be targeted to for-profit, existing micro and small businesses (not a start-up) where the applicant is a racial or ethnic minority who is a single mother and owns at least 50% of the business. Businesses must operate in rural areas of Outagamie, Calumet, Shawano and Waupaca counties.

For additional information or questions about the program, please contact Julie Stoffel at Julie.stoffel@wwbic.com or 920.944.2710

About United Way Fox Cities

United Way Fox Cities improves lives by bringing diverse people together to build a stronger, more caring community for everyone. To fulfill our mission, we work with partner agencies and programs that help us address critical issues in the Fox Cities.

About Community Foundation for the Fox Valley Region

The Community Foundation for the Fox Valley Region brings people together to think about the community’s vision for well-being and ways to help solve problems that lead to greater flourishing for all.

About WWBIC

Wisconsin Women’s Business Initiative Corp. (WWBIC) is a leading, innovative economic development corporation “Putting Dreams to Work.” WWBIC’s primary focus is on women, people of color, veterans and low income individuals, providing direct lending and access to fair and responsible capital, quality business education, one-on-one technical business assistance and education to increase financial capability. Since 1987, WWBIC has lent over $77 million in micro and small business loans with a current loan portfolio of $24 million and over 570 active borrowers. To learn more about WWBIC visit: www.wwbic.com