Banking & Finance
Startup Wisconsin survey: Startups struggle to obtain federal COVID-19 relief funds
A Startup Wisconsin survey of 70 high-growth startups in the state found that many companies who applied for federal relief programs did not receive funding.
BizTimes to host webinar on PPP loan forgiveness
BizTimes Media will host a webinar Tuesday on the SBA’s Paycheck Protection Program, focusing on best practices that businesses that have received the loans should take to ensure they are forgiven by the federal government.
Former WEDC leader Mark Hogan named to Ixonia Bank boards
Mark Hogan, who served as the secretary and chief executive officer of the Wisconsin Economic Development Corp. under former Gov. Scott Walker, has been elected to boards of Ixonia Bancshares Inc. and Ixonia Bank.
U.S. SBA reopens Economic Injury Disaster Loan portal
The U.S. Small Business Administration is now offering Economic Injury Disaster Loans after temporarily closing its application portal due to a lack of funds.
Wisconsin business owners to receive $1.68 billion in PPP loans in second round
Wisconsin business owners have been approved for about $1.68 billion in forgivable loans through the second round of the...
Businesses scramble for financial assistance in attempt to stay afloat during pandemic
It
took just two weeks for the federal government’s $349 billion Paycheck Protection Program funds (part of the CARES Act)...
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Educators Credit Union acquires land in Oconomowoc for eventual new branch location
Educators Credit Union has acquired 3.3 acres of commercial land on Prairie Creek Boulevard in Oconomowoc.
$230 billion remains in second PPP fund
Business owners across the country have soaked up approximately $90 billion from the federal Paycheck Protection Program since the second wave of funding became available Monday morning.
Bold Coast Capital shuts down
Milwaukee-based early-stage venture capital fund Bold Coast Capital is no longer raising funds due to the economic impact of COVID-19, according to a Bold Coast Capital newsletter.
Telkonet receives $913,000 through PPP
Telkonet received $913,063 through the Paycheck Protection Program, a loan program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, according to a Securities and Exchange Commission filing.
