Paycheck Protection Program - APPLY NOW

The Paycheck Protection Program is now LIVE! The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Find a Lender.

We have partnered with a diverse coalition of associations across Michigan to make sure every small business understands how to apply for this critical federal loan. Find out more here. 

 

Economic Injury Disaster Loan (EIDL) Program Guide

As you may know, the CARES Act expanded the Small Business Administration’s long-standing Economic Injury Disaster Loan (EIDL) program. The EIDL program was created to assist businesses, renters, and homeowners located in regions affected by declared disasters. The program is applicable to small businesses and most small nonprofits (less than 500 employees), sole proprietors and independent contractors. Click here to view our new guide that helps you and your members to check eligibility, understand loan parameters, and find out how to access $10,000 emergency grants.

SBA Disaster Loan Assistance

Find more information here on Federal Disaster Loans for Businesses, Private Nonprofits, Homeowners, and Renters.

NEW UPDATE: Lender Match is a free online referral tool that connects small businesses with participating SBA-approved lenders. Click here.

 

Employee Retention Tax Credit Guide

The CARES Act also created a new employee retention tax credit—that does not have size restrictions—for employers who are closed, partially closed, or experiencing significant revenue losses as a result of the coronavirus pandemic. Click here to view our new guide to help businesses check eligibility, calculate their credit, and understand which employees count toward eligibility, among other information. 

 

Family First Coronavirus Response Act

The U.S. Department of Labor’s Wage and Hour Division (WHD) announced guidance to provide information to workers and employers about how each will be able to take advantage of the protections and relief offered by the Families First Coronavirus Response Act (FFCRA) when it takes effect on April 1, 2020.

Read the Employer Expanded Family and Medical Leave Requirements

Read the Employee Paid Leave Rights

View and Download the Required Posters for the FFCRA

Frequently Asked Questions

 

CARES Act Small Businesses Guide and Checklist from US Chamber

The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. 
The U.S. Chamber's Coronavirus Emergency Loans Small Business Guide and Checklist serves as a comprehensive step-by-step tool to help small businesses, independent contractors, gig economy workers and other qualifying individuals prepare to file for a coronavirus relief loan under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The guide has been updated to include new information from the U.S. Department of Treasury. Click here.

 

 

SBDC of Michigan

Discover the best steps here for your small business can take now that COVID-19 (Coronavirus) in Michigan. This resource guide will help you plan to keep your team and your business safe. Click here for resources for your Small business. 

 

Michigan Economic Development Corporation

Follow this link for a list of resources and information for Michigan businesses during the COVID-19 (Coronavirus) outbreak. We will continue to update this page as more resources become available. If you have any questions or wish to speak to MEDC directly, please call 888.522.0103.

 

 

U.S. Chamber of Commerce

Find the latest here of resources and guidelines to help protect American workers from the United States Chamber of Commerce.

Look for more information as we update our page.