The Calumet County Small Business Disaster Loan Fund was launched in May. Thus far, three business loans have been approved. Loan recipients have each received a $5,000, 1% interest loan to support the challenges their businesses have faced and help them adapt operations. The program was started with $50,000, so funding is still available to support other business applicants.
New Holstein has established a City of New Holstein COVID-19 Rapid Recovery Loan Program to assist City of New Holstein businesses that have been impacted by the COVID-19 virus pandemic. Any business located in the City of New Holstein is eligible for up to $5,000 in a zero interest loan for business purposes. All loans will be awarded to eligible applicants while funds are available. The City is making $100,000 available for this program from the existing Revolving Business Loan Program.