Lack of Winter Weather EIDL Program

Many Door County businesses may be eligible for a federal disaster loan program through the Small Business Administration (SBA) 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. The loans are designed to help businesses get through emergency situations that have impacted their economic well-being. Under the Economic Injury Disaster Loan (EIDL) program, businesses can borrow up to $2 million to cover their actual losses. Businesses pay no interest on the loan for the first year and a maximum rate of four percent for the rest of the loan period.

Deadline for Applications is September 26, 2024.

Businesses may submit applications and find additional disaster assistance information at https://lending.sba.gov. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email [email protected] for more information on SBA disaster assistance.

If you are deaf, hard of hearing, or have a speech-related disability, please dial 7-1-1 to access telecommunications relay services. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX, 76155. Applicants may also contact the Wisconsin Economic Development Corporation with their EIDL-related questions at [email protected].

Contact DCEDC for assistance at [email protected].