Business Resources to use During COVID-19 outbreak
Resources for Michigan Businesses During COVID-19
Provided below is a list of resources and information for Michigan businesses during the COVID-19 (Coronavirus) outbreak.
6/23/2020 DEADLINE 6/24/2020 at 11:59PM
The Macomb County Small Business Sustainability program will make up to $20 million available to help local small businesses impacted by COVID-19. The funds will be distributed as $5,000 grants that businesses can use to offset losses created by the coronavirus pandemic.
Macomb County Small Business Sustainability Program eligibility information is available here
Application is available here.
SBA has released new rules for PPP Forgiveness.
Information to help restaurant/business owners here
Getting Back to Business
This week saw certain industries opening. Even if yours wasn’t one of them, you should plan now on how it will work for your business.
Thinking outside the box
Getting back to business likely will look different than it did at the beginning of the year. Are there ways for your company can pivot: serve customers virtually, curbside or just outside? Below are some articles to start your brainstorm process.
Click link here for full document
Applications for Federal Paycheck Protection Program Resume April 27
An additional $310 billion was approved to extend the Paycheck Protection Program (PPP) to provide forgivable federal loans through the U.S. Small Business Administration (SBA)...click here to see more
SBDC Macomb County What’s Next Addition
Focus on Marketing
Now is the time to plan your marketing strategy for when your industry is released from stay-at-home orders. Here are some efforts to help you.
See full newsletter here
Additional Financing Resources through the State of Michigan
SBDC-Macomb County - US Chamber Edition
The US Chamber of Commerce Foundation announced a grant of $5,000 to companies who:
Bar and Restaurant Financial Relief
Northern Initiatives Program-New Financial Support Available for Small Businesses Impacted by COVID-19
PPP Loans for 1099 Independent Contractors
This information is about PPP loans for 1099-MISC Independent Contractors.
Click here for document
Southeast Michigan SBDC News for:
Self-employed workers, gig workers and 1099-independent contractors Edition
Here is the Latest News from the Southeast Michigan SBDC on the Paycheck Protection Program
MACOMB COUNTY SMALL BUSINESS COVID-19
Paycheck Protection Program Edition (click on link to open newsletter) -It now appears that the Paycheck Protection Program (PPP) is the small business equivalent to toilet paper. Between media reports and few lenders accepting applications, this has turned into a frenzy. I had been advising that companies may want to wait a few days as the bugs in the application process were worked out, but now I am advising that you apply as soon as possible.
The Small Business Owner’s Guide to the CARES Act
Michigan’s small businesses impacted by the COVID-19 virus can now apply for grants and loans through the Michigan Small Business Relief Program.
MACOMB COUNTY SMALL BUSINESS - COVID-19
Here is a pdf document with a ton of info and links to help you and your business through this difficult time:
Click here: pdf document
Michigan Small Business Relief Program: Grants
Michigan Small Business Relief Program Q & A - March 22, 2020
Governor Whitmer announces SBA loans now available for small businesses impacted by COVID-19
Read more here:
Economic assistance for small businesses around Michigan that have been negatively impacted by the COVID-19 virus gained approval from the Michigan Strategic Fund, the Michigan Economic Development Corporation announced...
Read more here: