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November 5, 2020
Mark Rohloff
City of Oshkosh
215 Church Avenue
P.O. Box 1130
Oshkosh, WI 54903-1130
RE: Greater Oshkosh COVID-19 Emergency Response Loan – Monthly Summary – October 2020
Dear Mr. Rohloff:
The Greater Oshkosh Economic Development Corporation appreciates the opportunity to administer the Greater
Oshkosh COVID-19 Emergency Response Loan Fund (ERL). The Greater Oshkosh EDC Board of Directors and
Revolving Loan Fund Committee believe that this program provides, and will continue to provide, necessary cashflow
for businesses affected by COVID-19 pandemic.
Greater Oshkosh EDC continues to offer monthly updates to the council on ERL activity and this letter serves as that
update. A total of eighteen loans have been approved by the Greater Oshkosh ERL program and disbursed. To date,
the Greater Oshkosh ERL has committed $175,000, with $875,000 remaining in the fund.
While we did not have any applications in the past month, we did speak with the first round of recipients. The
program has helped support their business in this difficult time tremendously and the continued flexibility is very
appreciated. Please let us know if you know of any businesses in our area that could use assistance from this fund.
Please find attached a report we have provided with further detailed information on this fund.
Please contact us anytime at (920) 230-3322 if you have questions or to provide more information.
Sincerely,
Jason E. White, CEO
Greater Oshkosh Economic Development Corporation
cc: Lori Palmeri, Mayor
Jake Krause, Deputy Mayor
Debra Allison-Aasby, Council Member
Bob Poeschl, Council Member
Matt Mugerauer, Council Member
Michael Ford, Council Member
Lynnsey Erickson, Council Member
Allen Davis, Community Development Director
AWARENESS
While the Greater Oshkosh COVID-19 Emergency Response Loan Fund has been promoted to
businesses and other entities, there is caution not to put debt on a business unnecessarily. The
committee is preparing for the impact that the ongoing rise in cases will do in our region along
with the effects of colder winter months.
Current recipients continue to share their positive experience with Greater Oshkosh EDC. As
businesses are navigating and adjusting to altered operations and safety precautions, we will
continue to offer the loan program as a solution for financial concerns.
Thank you to the Oshkosh Common Council members, City of Oshkosh staff, and the Greater
Oshkosh EDC board of directors for supporting Greater Oshkosh EDC efforts in the
administration of these funds and for providing resources. Please encourage potential borrowers
with whom you interact to contact us for assistance.
REPORT:
Greater Oshkosh COVID-19 Emergency
Response Loan Fund
September 2020
FUNDS DISTRIBUTED:
Company Amount
Loaned
Amount
Outstanding Location First
Payment
Forward Equine Veterinary Services $10,000 $10,000 Town of Oshkosh 11/1/20
Star Protection & Patrol $10,000 $10,000 City of Oshkosh 11/1/20
MToxins Venom Lab $10,000 $10,000 City of Oshkosh 5/1/21
Trio Academy $10,000 $0.00 City of Oshkosh Paid in Full
Habitat for Humanity Restore $10,000 $10,000 City of Oshkosh 11/1/20
Cornerstone Processing $10,000 $10,000 City of Oshkosh 11/1/20
LeRoys Bar $10,000 $10,000 City of Oshkosh 11/1/20
Hot Dog Charlies $10,000 $10,000 TID-16 12/1/20
Hendrickson Chiropractic $10,000 $10,000 City of Oshkosh 12/1/20
Park Ave Bar $ 5,000 $ 5,000 City of Oshkosh 12/1/20
On the Loos Cruises $10,000 $10,000 TID-16 12/1/20
Friday’s Auto Deals $10,000 $10,000 City of Oshkosh 12/1/20
Krueger Family Chiropractic $10,000 $10,000 Town of Algoma 12/1/20
Cutting Edge Services $10,000 $10,000 City of Oshkosh 12/1/20
Quality Services – Joe Lentz $10,000 $10,000 City of Oshkosh 12/1/20
Party Supply and Rental $10,000 $10,000 City of Oshkosh 1/1/21
First Care Chiropractic $10,000 $10,000 City of Oshkosh 2/1/21
JJ’s Drinks & Dining (Jansen’s) $10,000 $10,000 TID-16 3/1/21
TOTAL $175,000 $165,000
FUND OVERVIEW:
No additional applications were received, nor awards made for the COVID-19 Emergency
Response Loan in October.
Greater Oshkosh EDC staff worked with the seven businesses that received funding in the first
month of the program. One company was able to pay their loan in full while still in the
deferment period. One business accepted an additional six-month deferment while the
remaining five will be entering the regular payment plan on their loan.