The Village of Cottage Grove is striving to stay abreast of the everchanging programs available at the federal and state level to assist businesses and individuals with the economic impacts of the COVID-19 virus. We will update this page with programming information that may benefit those in the Village.

Last updated: April 1, 2020




U.S. Small Business Administration (SBA) – Paycheck Protection Loan

This is a new program funded under the CARES stimulus plan. It provides 100% federally backed loans to help businesses and non-profits pay for payroll, rent, etc. Businesses (including eligible non-profits, sole proprietorships, self-employed individuals, and independent contractors) with up to 500 employees are eligible and they are eligible for loans up to $10 million for payroll and certain other expenses.

If all employees are kept on payroll for eight weeks, SBA will forgive the portions of the loan used for payroll, rent, mortgage interest, or utilities up to 100% of the loan.

Visit the SBA website for more information:

U.S. Small Business Administration (SBA) – Economic Injury Disaster Loan Assistance

The State of Wisconsin is an eligible area for disaster loan assistance. Assistance takes the form of a long-term, low interest loan to be used for capital needs and normal business operating expenses through the recovery period, up to $2 million. Loans in excess of $25,000 require collateral. Interest rates are 3.75% for small businesses and 2.75% for private non-profits. Repayments are deferred for 12 months. There is no cost to apply and there is no obligation to take the loan if offered. Applicants must demonstrate a credit history and ability to repay that is acceptable to the SBA.

NOTE: due to the nation-wide scale of the disaster area, the website is frequently overwhelmed. Try applying during off-peak (evening or overnight) hours and save your application frequently while it’s in progress. Keep your documentation readily available if there is a follow up phone call. Missing or inaccurate information is the biggest reason for delays.

Visit the SBA website for more information:

Or visit the SBA’s link submitting applications here:

The Wisconsin Small Business Development Network is available to assist with applications. Visit their website here:

United States Small Business Administration (SBA) – Express Bridge Loans

This program allows approved SBA lenders to provide expedited financing up to $25,000 to small businesses awaiting SBA disaster loans. The bridge loan is repaid when the disaster loan funds are received. Contact your lender to verify whether they are approved to fund this type of loan.

Internal Revenue Service (IRS) – Tax Deadline Moved to July 15, 2020

The IRS has moved the federal tax deadline from April 15, 2020 to July 15, 2020. If you expect a refund you are encouraged to file sooner to receive the refund more quickly.

Visit the IRS website for more information:

State of Wisconsin

Wisconsin Economic Development Corporation (WEDC) – Small Business 20/20 

The WEDC has launched an initial program for assisting eligible small businesses. WEDC is making $5 million available to Community Development Financial Institutions (CDFI) to distribute grants to existing clients. CDFI’s are lenders who work with underserved communities. Local examples include Forward Commercial Investments, Habitat for Humanity of Dane County, and the Wisconsin Women’s Business Initiative Corporation. If you are already a client of these or other CDFI’s you should contact the CDFI directly to determine eligibility. Not all CDFI’s may participate and the final list of those that are has not been released. Assistance via this program comes in a grant of up to $20,000 targeted to businesses with less than 20 employees and less than $2 million in annual revenue to cover rent and payroll expenses.

We will update this page as additional resources are released to the WEDC or other State agencies for additional assistance programs.

Visit the WEDC website for more information:

Wisconsin Department of Workforce Development (DWD) – Work Share Program

Instead of laying off workers a qualified employer may implement a plan to reduce hours across a work unit. Workers whose hours are uniformly reduced under an approved work share program receive unemployment benefits that are pro-rated for the partial work reduction. Plan must include the greater of 20 positions or 10% of the employees in a work unit. Reduction may be at least 10% but not more than 50% of normal hours. Full-time and part-time employees are eligible.

Visit the DWD website for more information:


Dane Buy Local – Dane County Small Business Pandemic Support Grant Program

Grants ranging from $1,000 to $50,000 available for Dane County small businesses experiencing financial difficulties as a result of the COVID-19 outbreak, administered by Dane Buy Local. Businesses can apply for funding to help stay afloat and retain employees. Small businesses throughout the community are encouraged to apply.

Visit the Dane Buy Local website for more information and to apply:

Cottage Grove Chamber of Commerce

As always, the Cottage Grove Chamber of Commerce is your source for local business information. Follow them on Facebook for the latest news and information.

Visit the Cottage Grove Chamber of Commerce website for more information:



Direct payments 

The recently approved CARES Act includes funding for direct payments to taxpayers. Payments are $1,200 for each individual with an income up to $75,000 or $2,400 for a married couple with a joint income up to $150,000, plus $500 for each child. Payment amounts are reduced for taxpayers with incomes above the aforementioned thresholds.

Fannie Mae and Freddie Mac Mortgage Assistance

If your mortgage is owned by Fannie Mae or Freddie Mac, resources are available including delayed payments, waiving of late fees, or other assistance.

Visit the Fannie Mae website for more information:

Visit the Freddie Mac website for more information:

Internal Revenue Service (IRS) – Tax Deadline Moved to July 15, 2020

The IRS has moved the federal tax deadline from April 15, 2020 to July 15, 2020. If you expect a refund you are encouraged to file sooner to receive the refund more quickly.

Visit the IRS website for more information:

State of Wisconsin

Dept. of Workforce Development – Unemployment Benefits

Visit the Dept. of Workforce Development website for additional information or to apply for benefits:


United Way of Dane County – COVID 19 Emergency Recovery Fund

United Way of Dane County is coordinating the local COVID 19 Emergency Recovery Fund to assist those disproportionately affected by the virus. They are also seeking donations and volunteers.

Visit the United Way of Dane County website for additional information: