EIDL Funding applications are open to businesses.

 

MADISON — Gov. Tony Evers and U.S. Sen. Tammy Baldwin (D-Wisconsin) today announced that many Wisconsin businesses may be eligible for a federal disaster loan program if they have suffered losses due to this year’s unusually mild winter, which lacked Wisconsin’s typical snowfall in many areas of the state.

Gov. Evers and Sen. Baldwin have been advocating for the U.S. Small Business Administration (SBA) to confirm this disaster coverage extends to businesses impacted by Wisconsin’s extraordinary winter conditions. Following those conversations, SBA has confirmed that they will consider business loss from recent low snowfalls over the winter months to be related to the drought and eligible for assistance. The lack of snow has impacted travel and recreation businesses that depend on it for activities such as downhill and cross-country skiing, snowshoeing, and snowmobiling.

***Important information****

The deadline to apply for the EIDL funding has been extended to July 31st, 2024.

When completing the application, do NOT use “lack of snow” in your wording. That is statutorily prohibited. You must use “lack of precipitation”.

Use the link below to go to the SBA webpage.

https://lending.sba.gov/search-disaster/