Financial Support Resources for Businesses

The CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act, was passed by Congress on Friday, March 20. The CARES Act provides a variety of opportunities for small to mid-size businesses that may be in need of financial assistance as a result of the COVID-19, coronavirus pandemic and its subsequent mitigation efforts. 

Please see the resources below for a variety of tools to help your business maximize the available resources: 

The Small Business Owner's Guide to the CARES Act, by the U.S. Senate Committee on Small Business & Entrepreneurship

Coronavirus Emergency Loans: Small Business Guide and Checklist, by the U.S. Chamber of Commerce

 

Michigan Hospitality Industry Employee Relief Fund
Due Date: Thursday, October 1
Program Type: Loans
Service Area: Michigan
Presenting Organization(s): Michigan Restaurant and Lodging Association Educational Foundation

The Michigan Hospitality Industry Employee Relief Fund, supported by the Michigan Restaurant & Lodging Association Educational Foundation, is designed to assist employees of Michigan's restaurant and lodging industry who are in need of support after the COVID-19 pandemic. Funds will be granted to individuals that can demonstrate need and proof of hospitality industry employment as of March 10, 2020. Payments up to the amount of $500 will be granted to all approved applicants until resources are fully depleted.

For more information, please click here

 

Paycheck Protection Program (PPP)
Due Date: n/a
Program Type: Loans
Service Area: United States
Presenting Organization(s): U.S. Small Business Administration

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.

You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program.

For more information, please click here

 

Economic Injury Disaster Loan Emergency Advance (EIDL)
Due Date: n/a
Program Type: Loans, Potentially Forgivable Loans
Service Area: United States
Presenting Organization(s): U.S. Small Business Administration

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories were able to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue. This loan advance will not have to be repaid. SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses.

For more information, please click here

 

SBA Express Bridge Loans
Due Date: n/a
Program Type: Loans
Service Area: United States
Presenting Organization(s): U.S. Small Business Administration

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.

For more information, please click here

 

SBA Debt Relief
Due Date: n/a
Program Type: Microloans
Service Area: United States
Presenting Organization(s): U.S. Small Business Administration 

As part of our coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Microloans in regular servicing status as well as new 7(a), 504, and Microloans disbursed prior to September 27, 2020. This relief is not available for Paycheck Protection Program loans or Economic Injury Disaster loans. Borrowers do not need to apply for this assistance. 

For more information, please click here

 

MIOSHA COVID-19 Safety Grants 
Due Date: August 7, 2020
Program Type: Grants
Service Area: Michigan


Presenting Organization(s): Michigan Department of Labor and Economic Opportunity, Michigan Occupational Safety and Health Administration

The Michigan COVID-19 Safety Grant Program awards qualifying employers in the state of Michigan a matching grant up to $10,000 for projects designed to reduce the risk of illness to their workers due to the COVID-19 pandemic, based on safety and health site-specific hazard surveys.

For more information, please click here

 

MEDC Small Farm Safety Grant Program
Due Date: September 15, 2020
Program Type: Grants
Service Area: Michigan
Presenting Organization(s): MEDC

The MEDC Small Farm Safety Grant Program is open to Michigan farms with less than 10 employees to fund COVID-19 mitigation costs. This includes but is not limited to COVID-19 testing costs, personal protection equipment, facility needs, increased sanitation costs, employee training, and upgraded safety procedures for farm-provided housing. A total of $1.25 million in grants will be awarded to eligible applicants on a first-come, first served basis. 

For more information, please click here

 

MEDC Agriculture Safety Grant
Due Date: September 15, 2020
Program Type: Grants
Service Area: Michigan
Presenting Organization(s): MEDC

The Agriculture Safety Grant Program is available to farms and food processors in Michigan with more than 10 employees and supports the implementation of COVID-19 monitoring and mitigation strategies to protect agricultural employees and the state’s overall food production industry. Governor Whitmer allocated $10 million in grant funding for eligible agricultural processors and $5 million in grant funding for eligible farms from federal CARES act funding.

For more information, please click here

 

LISC Small Business Relief Grants
Due Date: August 3, 2020
Program Type: Grants
Service Area: United States
Presenting Organization(s): LISC

Applicants may apply once for this round and for one business only. For business owners with multiple businesses, please complete this application based on your largest business owned. Each grant is limited to one grant per individual and business tax ID. Awards will be made to qualified businesses, and eligibility is based on accurate and complete submission.
 
Priority will be given to minority-, women-, and veteran-owned businesses. All awardees will have to certify that they are promoting the best interests of the community and are negatively impacted by the COVID-19 crisis. Nonprofit organizations are ineligible for this application.
 
For more information, please click here

 

 

 
 
 
 

 

 

Greater Niles Chamber Emergency Relief Program [Closed]

The Greater Niles Chamber of Commerce (Chamber) introduces the Greater Niles Chamber Emergency Relief Program (ERP) in light of recent developments concerning the COVID-19, coronavirus public health crisisThe ERP is designed to support the greater Niles businesses that are affected by COVID-19 and the subsequent mitigation efforts within the region.  

For more information on the Greater Niles Chamber Emergency Relief Program, please click here

 

Michigan Small Business Restart Program [CLOSED]
Due Date: Wednesday, August 5
Program Type: Grants
Service Area: Michigan
Presenting Organization(s): Michigan Economic Development Corporation (MEDC) & Partner EDOs 

The Michigan Strategic Fund (MSF) approved a $100 million program that will provide grants to Michigan small businesses working to recover from the ongoing impacts of the COVID-19 virus, the Michigan Economic Development Corporation announced. Called the Michigan Small Business Restart Program, it will support Michigan’s small businesses that are reopening and have experienced a loss of income as a result of the COVID-19 crisis. Governor Gretchen Whitmer said, “We can further our economic recovery in Michigan by putting federal dollars through the CARES Act to work for the people and businesses across our state through efforts like these grants.”

The MSF authorized distribution of the funding across 15 local or nonprofit economic development organizations (EDOs) covering all 83 counties in the state; locally, Southwest Michigan First was allocated $7,545,455 to distribute to qualifying small businesses in the seven-county region it serves. At least 30 percent of the funds awarded under the program must be provided to women-owned, minority-owned, or veteran-owned eligible businesses.

For more information, please click here

 

Verizon Small Business Recovery Fund [Closed]
Due Date: May 20, 2020 (May open for additional rounds)
Program Type: Grants
Service Area: United States
Presenting Organization(s): Verizon, LISC

LISC will use the Verizon funding to provide grants of up to $10,000 to businesses facing immediate financial pressure because of Covid-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities who don’t have access to flexible, affordable capital. 

For more information, please click here

 

Sam's Club Small Business Grants [Closed]
Due Date: May 20, 2020 (May open for additional rounds)
Program Type: Grants
Service Area: United States
Presenting Organization(s): Sam's Club, LISC

Thanks to a $1 million grant from Sam’s Club, LISC will provide the emergency assistance that small businesses desperately need to stay afloat. We will deploy grants to help them bridge the financial gap, and deliver technical assistance to help them navigate the intricate web of public and private resources now available. LISC will focus these efforts on historically underserved communities—especially those enterprises owned or led by women, minorities and veterans, which often lack access to affordable capital.

For more information, please click here

 

Salesforce Care Small Business Grants [Closed]
Due Date: n/a
Program Type: Grants
Service Area: International
Presenting Organization(s): Ureeka Inc. 

Salesforce is distributing up to $300 million in small business grants, with applicants able to receive up to $10,000 in support as a result of the COVID-19, coronavirus public health crisis. This is an international grant program aimed to support established (2 years in business), small businesses with 2-50 employees.

For more information on the Salesforce Care Small Business Grants, please click here

 

FedEx #SupportSmall Grants [Closed]
Due Date:  June 12, 2020
Program Type: Grants
Service Area: United States
Presenting Organization(s): FedEx

FedEx is giving $1 million to small businesses, with each grant recipient receiving $5,000, plus a $500 credit from FedEx Office. These grants will be distributed to U.S.-based for-profit small businesses in operation and selling for more than 1 year, with less than 50 employees; have less than $5 million in annual sales revenue in 2019; and have shipped in the last 12 months and/or plan to ship in the coming 12 months as part of your business. Non-profits, franchised businesses, direct-seller/reseller businesses, independent consultants and previous winners in the FedEx Small Business Grant Contest are not eligible to apply for this grant.

For more information, please click here

 

Nav's Small Business Grants Contest [Closed]
Due Date: May 30, 2020
Program Type: Grants
Service Area: United States
Presenting Organization(s): Nav

Nav users may have the chance to win up to a $10,000 grant to be used for your business's development. Entries are being accepted through May 30, 2020. 1st runner ups will be awarded a $2,000 grant, and 2nd runner ups will be awarded a $1,000 grant. Click here for more information.

 

Rent and Mortgage Payment Program (RAMPP) [Closed]
Due Date: May 31, 2020
Program Type: Zero-Interest Loans
Service Area: Berrien County
Presenting Organization(s): Berrien Community Foundation, Southwest Michigan Tourist Council, Cornerstone Alliance

RAMPP is available to businesses and nonprofits with a physical presence in Berrien County.  RAMPP, along with other local funds, State of Michigan and Small Business Administration programs, is designed to provide specific, short-term relief for local businesses.

Please click here for more information. 

 

"For Ever" Sustainability Grant [Closed]
Due Date:  May 29, 2020
Program Type: Grants
Service Area: Berrien County
Presenting Organization(s): Berrien Community Foundation

As a result of the shutdown caused by COVID-19, the Berrien Community Foundation recognizes that our nonprofit organizations are struggling to keep the lights on. Fundraisers have been cancelled. The arts organizations do not know when they will perform in front of crowds again. Unemployment has many families struggling to make ends meet and unable to make charitable contributions. We felt that it was important to adjust our grantmaking focus to help nonprofits bridge this gap. This grant is open to 501c3 nonprofits in Berrien County.  

For more information, please click here

 

Hello Alice Business for All and COVID-19 Emergency Grant Contest [Closed]
Due Date: July 16, 2020
Program Type: Grants
Service Area: United States
Presenting Organization(s): Verizon, Hello Alice

Apply for grants up to $50,000 to support business growth, including $10,000 emergency COVID-19 Business for All Grants to help small businesses in crisis. Join leaders such as Gwyneth Paltrow, Kristen Bell, Lisa Price, Armando Christian "Pitbull" Perez, and Jeff Hoffman to empower every American with an entrepreneurial spirit.

For more information, please click here

 

Match on Main COVID-19 Response Program [Closed]
Due Date:  May 29, 2020
Program Type: Grants
Service Area: Michigan Main Streets
Presenting Organization(s): Michigan Economic Development Corporation

The Match on Main – COVID-19 Response Program temporarily expands the MEDC’s Match on Main Program and will provide up to $50,000 to local downtown management organizations to administer to eligible small businesses located in traditional commercial districts, including downtowns, neighborhood and commercial districts, or areas planned and zoned for concentrated commercial development.

This program serves as a tool for local units of government, Downtown Development Authorities, or other downtown management organizations that desire to support place-based businesses located in their traditional commercial districts by providing grant funding to eligible businesses in response to the COVID-19 crisis.

For more information, please click here

 

MI Local Biz | COVID-19 Small Business Support Program [Closed]
Due Date:  May 22, 2020
Program Type: Matching Grants
Service Area: Michigan
Presenting Organization(s): Michigan Economic Development Corporation, Patronicity

The MI Local Biz program is a matching grant program that utilizes donation-based crowdfunding to generate public interest, to raise funds to assist small businesses negatively affected by the COVID-19 crisis, and help position that business for re-opening as the crisis eases. By utilizing web-based donations, businesses are accessible to anyone willing to make a donation in real time. This crowdgranting model engages the public as each person contributes in the effort to assist their local businesses. In addition, this model instills community pride as residents become a conduit of support for their local economy.

For more information, please click here

 

Facebook Small Business Grants Program [Closed]

Facebook is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where we operate. We’ll share more details as they become available. These funds are designated to assist small businesses in rent and mortgage costs, marketing, workforce support, and additional operational needs. 

Please click here for more information. 

 

Save Small Business Fund [Closed]

The U.S. Chamber of Commerce presents the Save Small Business Fund, a grant-making initiative offering short-term relief for small businesses across the nation. Funded by corporate and philanthropic partners, the Save Small Business Fund is a collective effort to provide grants, of up to $5,000, to as many small businesses as possible. To qualify, businesses must have between 3 and 20 employees, be located in an economically vulnerable community, and must have been impacted by the COVID-19 public health crisis. 

For more information on the Save Small Business Fund, please click here

 

MEDC Small Business Relief Program Update [Closed]

The Michigan Economic Development Corporation (MEDC) has authorized the use of the Michigan Strategic Fund to help fund the Michigan Small Business Relief Program, providing up to $10 million in grants and $10 million in loans to support businesses affected by the COVID-19, coronavirus outbreak.
 
These funds will go to support an estimated 1,100 businesses across Michigan through working capital to be used for payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary costs of business.
 
At this time, our good friends at Cornerstone Alliance have created a task force to connect local businesses with resources that will be made available by the state and federal government. Cornerstone Alliance is working diligently with the MEDC, the Small Business Administration, and elected officials to understand tools available to help small businesses navigate the economic impact of the COVID-19 pandemic. For more information on relief opportunities for your business, please click here to visit the Cornerstone Alliance COVID-19 Relief resource page.