COVID 19 Business Resources
Partnership You Can Rely On, Through Thick And Thin.
State Bank of Cross Plains CARES about its business customers, and we want to make sure that you’re aware of all the tools that you have at your disposal, to support your operation and your employees. Every business is unique, so please review the following information to find the program best suited to helping yours.
- Temporarily waiving fees associated with its 504 Loan Program >>
- Modifying its 7(a) Loan Program to include temporary higher guaranty %s and fee reductions on eligible loans >>
Increasing the maximum amount of SBA Express loans
To learn more please continue to reference this page or contact our Customer Support team at 608.798.2400 today.
Paycheck Protection Program (PPP) Forgiveness
We continue to accept applications for PPP loan forgiveness for all eligible PPP borrowers. Please read the following information for PPP forgiveness instructions.
2021 PPP Loan Forgiveness
- When and how do I apply for forgiveness? >>
- Application Hints >>
- PPP Loan Forgiveness FAQs (3-5-2021)>>
- Sample – Online application for 3508S form >>
- Sample – Online application for 3508EZ form >>
- Sample – Online application for 3508 (full) form >>
- How to add additional users to complete application >>
2020 PPP Loan Forgiveness
IMPORTANT – If you do not apply for and receive approval by SBA for forgiveness of your PPP loan received in 2020 within 16 months of the date you received your funds (disbursement date), your loan payments will no longer be deferred and your loan will automatically be converted to require you to make monthly payments to pay off the loan.
- How to apply for forgiveness of your PPP loan received in 2020 >>
- PPP Forgiveness Rule Changes Effective June 5, 2020 >>
- PPP Forgiveness FAQs >>
- Treasury PPP FAQs >>
- SBA PPP Forgiveness Overview >>
- Forgiveness Calculator >>
SBA Economic Injury Disaster Loans
The SBA offers disaster assistance in the form of low interest loans to businesses, nonprofit organizations, homeowners, and renters located in regions affected by declared disasters. SBA also provides eligible small businesses and nonprofit organizations with working capital to help overcome the economic injury of a declared disaster.
SBA offers several relief options to help businesses, nonprofits, and faith-based organizations recover from the impacts of COVID-19. Review all options or skip to a specific program in the information that follows.
Additional Resources
Here is a small list of additional resources that we feel might be of benefit to you.
- Shuttered Venue Operators Grant (sba.gov) - applications will open April 8th. If you have questions please contact a local resource partner - SBDC https://wisconsinsbdc.org/centers/ or SCORE https://www.score.org/find-location
- SBA 504 Borrowers information from Wisconsin Business Development Corporation (WBD)
- Free business guidance and insight from SCORE Southeast Wisconsin and SCORE Madison
- Virtual classes from the Wisconsin Women's Business Initiative Corporation (WWBIC)
- General information from the UW Institute for Business & Entrepreneurship and the Wisconsin Small Business Development Center
- The IRS has established a web page to help those impacted by the coronavirus
- The U.S. Department of Labor has resources to help workers and employers deal with the coronavirus, including use of Family Medical Leave
- The FTC created this page to help businesses safeguard protect against scams, and the Department of Homeland Security offers this one