Useful Information to Know During the COVID-19 Outbreak

FOR ANTIGO TIMES

As we navigate through the ever-changing COVID environment, we will provide information on developments, regulations, and programs surrounding the outbreak.

Protection from eviction/foreclosure 

In order to help ensure people are able to stay home and slow the spread of COVID-19, Governor Evers announced a temporary ban on evictions and foreclosures for 60 days. This includes both residential properties, as well as businesses.

Insurance for restaurant delivery drivers

As many restaurants are adjusting to carry-out and delivery only, the Office of the Insurance Commissioner directed the insurance industry to cover delivery services on personal auto insurance policies. They must also offer coverage, if requested, for hired drivers and non-owned vehicles on a restaurant’s general liability service – both at no extra cost to policyholders.

Prevention of utility shut-offs

The Public Service Commission of Wisconsin has directed regulated utilities to stop disconnection for nonpayment for all customers, including commercial, industrial, and farm accounts. They have also halted late fees and eased a number of administrative rules to keep homes and businesses supplied with light, heat, and water. For help with utility disconnections, visit https://psc.wi.gov.

Help for local businesses

Sales and use tax extensions - The Wisconsin Department of Revenue (DOR) announced that small businesses can immediately request an extension to file sales and use tax returns. This comes along with extending the income tax payment and return due date to July 15.  DOR has announced a series of steps to ease payment guidelines and postpone audit actions.

SBA express bridge loans - This program allows small businesses who have a current relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can help small businesses access capital quickly and can be used to bridge the gap while applying for an SBA Economic Injury Disaster Loan.

Paycheck protection program - This program was rolled out under the Coronavirus Aid, Relief, and Economic Security (CARES) Act and authorizes $349 billion toward job retention loans. They are specifically designed to help small business keep their workforce employed. If you maintain your workforce, the SBA may forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll and certain other expenses following loan origination.