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The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

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SMALL BUSINESS
FINANCIAL RESOURCES
FOR YOUR RECOVERY

Coronavirus Aid, Relief, and Economic Securities (CARES) Act

On Monday, December 21, 2020, the House and Senate passed an additional COVID-19 relief package to bring much needed aid to struggling Americans during the Pandemic. The $900 billion package includes a new round of stimulus funding with $325 billion for small businesses.

Small Business Disaster Relief Resources

ZERO LOAN PROGRAM

RCEDC was awarded $3.3 million to establish the ZERO Loan Program.

 

With ZERO interest for 2 years, ZERO closing fees and ZERO payments for up to 18 months, this program was designed to support Racine County businesses affected by COVID-19.

IRS OPPORTUNITY ZONE NOTICE

Great news for City of Racine Opportunity Zone investors, the Internal Revenue Service has released Notice 2021-10 Extension of Relief for Qualified Opportunity Funds and Investors Affected by Ongoing Coronavirus Disease 2019 Pandemic.

 

 

This notice addresses investment timelines, extension of 30-month substantial improvement requirement, extension of the 31-month working capital safe harbor, among others.

 

 

We encourage all opportunity zone investors to speak with their accountant regarding this extension of relief and contact Will Martin, City of Racine’s opportunity zone specialist at William.Martin@WIDiversified.com or 414-350-4207.

Stay Up To Date

SBA Wisconsin will continue to share emerging details about economic aid being administered by the SBA for small businesses and other eligible organizations.

Questions? Sign Up for a Webinar

SBA Wisconsin is providing coronavirus relief information webinars to assist small businesses, nonprofits, and eligible recipients in recovering from the pandemic.

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