WIDC•Frontier CDC is an authorized provider of the CARES Act Paycheck Protection Loans

Our nation's small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses.

There are 2 main programs we want Wyoming small businesses to be aware of: The Paycheck Protection Program & the EIDL (Economic Injury Disaster Loan) with Emergency Advance


Here's What Wyoming Small Businesses Need to Know To Apply for these Coronavirus Relief Options

Paycheck Protection Program

WIDC•Frontier CDC is an authorized provider of the CARES Act Paycheck Protection Loans. This means that you may submit your loan application directly with WIDC•Frontier CDC.

Start Your Loan Application Online Now

You are eligible for a PPP loan if: 
  • You have 500 or fewer employees whose principal place of residence is in the United States, or are a business that operates in a certain industry and meet the applicable SBA employee-based size standards for that industry, and:
    • A small business concern as defined in section 3 of the Small Business Act (15 USC 632), and subject to SBA’s affiliation rules under 13 CFR 121.301(f) unless specifically waived in the Act;
    • A tax-exempt nonprofit organization described in section 501(c)(3) of the Internal Revenue Code (IRC), a tax-exempt veterans organization described in section 501(c)(19) of the IRC, Tribal business concern described in section 31(b)(2)(C) of the Small Business Act, or any other business
  • You were in operation on February 15, 2020 and either had employees for whom you paid salaries and payroll taxes or paid independent contractors, as reported on a Form 1099-MISC.
  • You are also eligible for a PPP loan if you are an individual who operates under a sole proprietorship or as an independent contractor or eligible self-employed individual, you were in operation on February 15, 2020.
Loan Details and Forgiveness

The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.

Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels.  Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.

This loan has a maturity of 2 years and an interest rate of 1%.


EIDL (Economic Injury Disaster Loan) with Emergency Advance

Apply for this loan through the Small Business Association (SBA)

Apply Online for EIDL

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid.

Who Can Apply

The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. 

This program is for any small business with less than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.

Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.

The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid. 

The Small Business Owners Guide to the CARES Act

CARES Act: Small Business Owner Resources

CARES Act: Small Business Owner Resources

The coronavirus relief/economic stimulus bill (the CARES Act) has been signed into law. Detailed information to help small business owners and lenders better understand the new programs will be available soon.

For now, the U.S. Senate Committee on Small Business & Entrepreneurship has created a comprehensive guide available on their website. The guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration. Links to this information are provided below.

The Small Business Owner's Guide to the CARES Act

Small Business Provisions in Coronavirus Aid, Relief and Economic Security (CARES) Act Explained

We will continue to provide information on the CARES Act as it becomes available. In the meantime, if we can be of assistance, provide support, or address specific concerns please contact our office.

Mary Doherty, President
WIDC Frontier CDC


WIDC•Frontier CDC
725 E 2nd Street, Suite 100
Casper, WY 82601



Automatically receive monthly updates about interest rates and other available programs.