hwcc Emergency loan FUND (COVID-19)

for businesses affected by Coronavirus (COVID-19)


HWCC ELF Overview

The Hmong Wisconsin Chamber of Commerce (HWCC) has announced a new Emergency Loan Fund (COVID-19) in response to the negative impact that Coronavirus (COVID-19) has had on the Wisconsin business community.

What is the purpose of this Emergency Loan Fund (COVID-19)?

The purpose of the HWCC Emergency Loan Fund is to provide much-needed capital for qualified small businesses that have been affected by Coronavirus (COVID-19).


What are the Emergency Loan Funds used for?


These funds are primarily used for working capital to cover rent, payroll, and other fixed expenses. This loan fund is similar to HWCC’s existing Revolving Loan Fund (RLF) Small Loan programs but with a slightly lower rate and an interest-only option for the first 3 months. 


Emergency Loan fund Information:

​Loans from $5,000 and up to $10,000 at 0% Interest rate. For more information about terms, please contact HWCC Business Development Coordinator, Yuli Her: Yuli@hmongchamber.org.




The applicant must:

  • Be an existing business in operations for a minimum of two (2) years.

  • Be located in a low to moderate-income tract or be a minority-owned business located in Wisconsin.

  • The applicant does not have to be of Asian Descent to be eligible. 

Ineligibility Businesses:

  • Non-profit entity

  • Sale of firearms and related products

  • Sale of alcohol representing more than fifty percent (50%) of Borrower’s gross receipts

  • Gambling, lottery, or related sales

  • Passive real estate

Application Process

Applications for this Emergency Loan Fund (COVID-19) will be reviewed by HWCC’s Loan Review Committee. The turnover over time from receipt of the application to review and approval is expected to be within five (5) business days.


To Apply

Please Read Carefully.

The documents that HWCC requests below for the Emergency Loan Fund (ELF) are similar to other lending organizations including the Small Business Administration (SBA).


Submitting an incomplete application/or with missing documents being requested, will result in your application being delayed or possibly terminated. 


Photo pictures of the application and required documents are not acceptable. If a document scanner is unavailable, there are apps on your smartphone such as PDFelement for IOS and Scanbot for Android that can be used to scan your documents.

ELF Application and Documents To Submit to HWCC:

  1. Must complete HWCC’s application

  2. Provide two years most recent tax return, personal and business (2019 and 2018 – If 2019 has not been filed yet then please provide 2018 and 2017)

  3. Provide Year-End 2019 financials* if 2019 tax return was not file yet

  4. Total Monthly Sales Year to Date for 2020

  5. Use of Funds Breakdown

  6. Provide description on how COVID-19 has impacted your business (Reduced hours, Store shutdown, Non-Essential business…etc.)

  7. This is a Business Loan only.  This is not a personal loan.  Articles of Incorporation/Organization will be required.

Download this checklist before you submit. 

Applicant must send completed forms above to HWCC's Business Development Coordinator, Yuli Her: Yuli@hmongchamber.org via PDF or mailed. 

Milwaukee Office

5421 N 118th Ct, Milwaukee, WI 53225 | 414.645.8828

Wausau Satellite Office

1109 N. 6th Street, Wausau, WI 54403 | 715.298.6071

Office Hours: Monday-Friday 9:00 AM-5:00 PM