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Micro Loan Program Available for Small Businesses in Janesville

Post Date:06/08/2020 1:13 pm

The City of Janesville has created a small business Micro Loan Program to help small businesses recover from the COVID-19 pandemic.  The Micro Loan Program will offer loans to cover eligible expenses for businesses affected by COVID-19 including rent or mortgage payments, payment of utilities or supplies, acquisition of materials or supplies, purchase order fulfillment, equipment, and marketing.  The City has designated $100,000 for this program.

Eligibility for the program includes:

  • For profit businesses with 20 or fewer employees with revenues less than $500,000 annually and physically located within the City of Janesville.
  • Businesses must be considered in good standing and be independently owned.
  • Businesses must not have qualified for and received the Small Business Administration Paycheck Protection Program (PPP) or Economic Injury Disaster Assistance Loan (EIDL) or the Rock County Emergency Small Business Loan Fund (SBLF)

Additional details can be found on the City of Janesville Economic Development website including the loan application and policies and procedures.  Applications will be reviewed as they are received.

For any additional questions, please contact Economic Development Director Gale Price at priceg@ci.janesville.wi.us or (608) 755-3059.

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