Coronavirus (COVID-19)

Coronavirus (COVID-19) Information for Businesses and Non-Profits

PHASE TWO

As a result of meeting criteria outlined in Forward Dane, Public Health Madison & Dane County is issuing an order to move Dane County to Phase 2. Order #5 is effective as of 8:00am on June 15, 2020.

Madison Streatery Program: An Outdoor Eating Recovery Program

Example of Streatery

The City of Madison has created the following Streatery program under an Emergency Order to temporarily allow restaurants to expand their business footprint onto the public rights-of-way or in privately owned parking facilities if administratively approved by staff. For eligible restaurants, this may also include expanded alcohol license premise.

 

Guidelines Streatery Oudoor Eating Recovery Program - Spanish

Guidelines Streatery Outdoor Eating Recovery Program - Chinese

State Street Streatery Details

Safer at Home Order

Public Health Madison & Dane County has issued a local Safer at Home order that incorporates the elements of the statewide Safer at Home order.

Mayor Rhodes-Conway

Public Health Madison & Dane County

Public Health provides updates and guidance and frequently asked questions about advisories and countywide orders.

Information for Businesses
Signs for Essential Businesses

Restaurants

Childcare

Business Resources

Grants & Loans

Before applying for loans, ask yourself:

  • What will I need financially to get through the COVID-19 pandemic?
  • What will I need to get up and running?
  • Could I afford a loan payment prior to COVID-19? Can I afford one during or after?

Check with your financial institutions to see what they offer. New programs are being developed for COVID-19, so keep up to date on recent additions with the Greater Madison Chamber of Commerce.

Dane County and Dane Buy Local have teamed up to provide a total of $10.8 million to support locally owned small businesses. Grant awards will range from $1,000 to $50,000.

KIVA offers 0% interest and no fee loans of up to $15,000. They offer a grace period for the first payment of up to 6 months.

WWBIC loans offer two options: a line of credit or a term loan.

  • Line of credit: Loan of $5,000 – $10,000 with a term of 12 months and an interest rate of 9.25%.
  • Term loan: Loan of $5,000 – $15,000 with a term of 60 months. The client makes interest-only payments for the first 12 months. For the remaining 48 months, the loan is fully amortized.

The Doyenne Evergreen Fund supports businesses led by women and people of color. The fund focuses on Wisconsin-based businesses that are doing something innovate in their industry and are able to scale to a national level.

Payroll Protection Program, Small Business Administration

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Loans will be forgiven if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.

This program is available for non-profits and businesses, including self?employed and independent contractors with less than 500 employees.

The maximum loan amount is up to $10 million but not more than 2.5 times average monthly payroll, generally measured over the 12 months prior.

Economic Injury Disaster Loans, Small Business Administration

Economic Injury Disaster Loans offer up to $2 million in assistance. The interest rate is 3.75% for small businesses.

This loan offers long-term repayments of up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

Note: The fund is not currently accepting applications.

The Restaurant Employee Relief Fund provides $500 grants to help restaurant industry employees who have been financially impacted by COVID-19. Funds will be disbursed on a first-come-first-served basis, subject to availability of funds.

Last Updated: 06/30/2020

Questions?

Please call our Economic Development Staff at 608-267-4933 or e-mail us at obr@cityofmadison.com.