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News That Affects You

Small business loans available to affected business of COVID-19

The Whitmer Administration and Small Business Association of Michigan are encouraging small business owners affected by the coronavirus to apply for loans.

 

349- billion dollars is available through the Paycheck Protection Program run by the U.S. Small Business Administration. Michigan small businesses – including hospitality and food industry businesses -- along with independent contractors and self-employed persons are eligible to apply for loans to help ensure employees continue receiving paychecks.

 

While the application process is open for small business owners, independent contractors and sole proprietors can apply starting this Friday, April 10th.

 

There is more information online by searching Michigan Paycheck Protection Program.

 

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