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The Tosa Restarts Loan Program provides:
 
  • Working capital loans up to $10,000 to businesses located in the City with an active storefront or office
  • A five to seven loan year term at an interest rate of 2% per year; payments (principal and interest) deferred for the first six months.
  • Applicants must complete this loan application form and supporting documentation including:
    • An executed affirmation verifying eligibility and commitment to use loan funds for employee retention and sustaining business operations
    • A detailed budget for three months starting from date of business reopening, documentation for loan expenses, and other typical loan documents such as a personal guaranty

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* 1. Please provide the full legal name of your business:

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* 2. Business Owner Information

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* 3. Business Owner's Mailing Address

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* 4. Business Address

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* 5. Do you own or rent your business property?

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* 6. What type is your business? (e.g. restaurant, retail, salon, fitness, etc.)

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* 7. What is your business structure?

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* 8. Is there more than one business owner?

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* 9. If you answered yes to Question 8, please provide the name of each business owner and their percent ownership.  If no, skip to Question 10.

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* 10. Does your business employ 50 or less employees, including yourself?

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* 11. Has your business been affected by COVID-19?

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* 12. What are the challenges your business is facing because of the COVID-19? (Check all that apply)

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* 13. Please provide a brief explanation of the adverse economic impacts COVID-19 has had on your business (submission of financial documentation may be required, as determined to be appropriate by staff):

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* 14. How many people did you employ PRIOR to COVID-19?

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* 15. How many people do you employ AFTER COVID-19?

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* 16. What is the loan amount you are applying for? (amount not to exceed $10,000):

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* 17. How will you use these funds to help your business?  Please include all business expenses, by type and amount, that you will pay with these funds.

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* 18. Do you have currently have insurance that covers your business and does it include business interruption insurance?

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* 19. What was your business profitable in 2019?

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* 20. What was your average monthly revenue prior to impacts of COVID-19?

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* 21. What is your projected monthly revenue for the first three months of reopening?

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* 22. What was your average monthly payroll expense prior to impacts of COVID-19?

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* 23. What is your projected monthly payroll for the first three months of reopening?

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* 24. What is your monthly rent or mortgage payment?

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* 25. What is your average monthly utility expense?

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* 26. What are your average monthly business debt payments?

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* 27. How much existing debt does your business have?

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* 28. Do you owe any back taxes to the IRS, State of Wisconsin, or City of Wauwatosa?

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* 29. Do you owe any special assessments, fines, fees, etc. to the City of Wauwatosa?

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* 30. Do you have any outstanding City of Wauwatosa code compliance or other violations?

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* 31. Have you or your business ever filed for bankruptcy?

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* 32. Are you or your business currently involved in any lawsuits or criminal cases?

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* 33. What other financial programs have you applied for to assist with impacts related to the COVID-19 pandemic?  Did you receive assistance from any of these programs?

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* 34. I attest, as the business owner completing this application, that all given application answers are accurate and truthful.  (Type Name to Sign)

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