Two specialists from the Wisconsin office of the U.S. Small Business Administration met virtually with members of the Wisconsin Technology Council Wednesday to review the latest data and guidelines for federal programs aimed at assisting small businesses. Those include the Payroll Protection Program and Economic Injury Disaster Loans, as well as updated 504, 7a and “microloan” programs operated by the SBA. Detailed information regarding the PPP “forgiveness” process was provided. Click here to review the slides. Tech Council members can watch the recorded presentation by contacting Julie Johnson at firstname.lastname@example.org.
During the discussion, it was noted that Wisconsin small businesses have fared well in receiving PPP and EIDL loans, especially compared to the state’s share (just under 2%) of the U.S. population. For example, more than 84,000 small businesses and organizations in Wisconsin have been approved for more than $9.8 billion in PPP loans.