Banking & Finance
Financial institutions await guidance for federal relief programs
Financial institutions are awaiting additional guidance from federal officials before making available an array of financial relief programs for businesses impacted by the COVID-19 coronavirus pandemic.
Brew City Match to offer $1,200 grants, 0% interest loans to small businesses in certain parts of Milwaukee
Brew City Match will offer $150,000 in loans and grants to help small businesses in certain parts of Milwaukee overcome closures and temporary revenue loss caused by the COVID-19 pandemic.
Power Test acquires New Hampshire-based competitor
Sussex-based Power Test Inc., a dynamometer and test system manufacturer, announced Tuesday that it has acquired Manchester, New Hampshire-based DynoMite Dynamometer.
$10,000 cash advance grant to become available to business owners
Business owners can now apply for an up to $10,000 grant cash advance through the Small Business Administration’s Economic Injury Disaster Loan program.
Associated Bank to donate $300,000 to support COVID-19 relief efforts in Wisconsin, Minnesota and Illinois
Associated Bank has committed $300,000 to support COVID-19 recovery efforts in its three-state footprint including Wisconsin, Minnesota and Illinois.
Guy & O’Neil acquires Minnesota-based manufacturer
Fredonia-based Guy & O’Neill Inc. has acquired Minnesota-based Boomerang Laboratories Inc. to expand its product breadth and capabilities.
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SBA rolls out disaster loan program
The Small Business Administration Economic Injury Disaster Loan program is now available to small businesses that have been affected by the coronavirus COVID-19, Gov. Tony Evers announced Friday.
Associated Bank offers ‘COVID-19 relief program’ for customers
Green Bay-based Associated Bank on Saturday announced steps it says it is taking to help its consumer and business customers impacted by the COVID-19 coronavirus.
Kohl’s fully draws $1 billion credit line for financial flexibility during coronavirus outbreak
Menomonee Falls-based Kohl’s Corp. has fully drawn its $1 billion unsecured credit facility to increase its cash position and preserve financial flexibility during the coronavirus outbreak, according to the company’s annual securities filing.
WBA creates interactive map for available bank lobby, drive-through access
The Wisconsin Bankers Association has created two interactive maps showing bank lobbies and drive-throughs around the state that are currently open and available to customers.
