COVId-19

Small Business Resources

Here at 100K Ideas, we pride ourselves in our role to assist small businesses in our community. Due to the spread of COVID-19, we have seen many local businesses affected. As a resource connector, we have compiled a list of supports for small businesses to help them get through this time. We will continue to keep this list updated as more information becomes available.

https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program

  • ​The Paycheck Protection Program has been reopened as of the week of January 11th, 2021 for new borrowers and certain existing PPP borrowers.​

https://www.michigan.gov/coronavirus

  • The State of Michigan's Page on the latest news, updates, and press releases in regards to COVID-19

http://miwf.org/mwf-entrepreneur-resilience-fund/

  • The Michigan Economic Development Corporation (MEDC) partnered with Michigan Women Forward today in announcing the creation of the $1.5 million Michigan Entrepreneur Resilience Fund to help entrepreneurs and small businesses negatively impacted by COVID-19 recover from the outbreak, as well as assist them in meeting increased demands in support of COVID-19 response efforts.

https://www.forbes.com/sites/briannegarrett/2020/03/20/small-business-relief-tracker-funding-grants-and-resources-for-business-owners-grappling-with-coronavirus/#1f5c8468dd4c

  • The Michigan Economic Development Corp. (MEDC) has created a small business relief program. This program will allocate $20 million in small business grants, as well as loans to local owners.

  • Major companies are also willing to do their part, as they will not be affected like smaller businesses. Amazon, Facebook, JPMorgan, and more, are pledging several millions of dollars in aid to nonprofits and small businesses. .

https://www.rd.usda.gov/sites/default/files/USDA_RD_SA_COVID19_ProgramImmediateActions.pdf

  • Single-family housing that have documented hardship can have payments reduced or suspended for up to 12 months. As things return to normal throughout the economy and the hardship is resolved, payments that were missed must be paid back based on circumstances. There are more opportunities for immediate relief in the above link.

 

https://mailchi.mp/5819d8715c13/michigan-women-were-here-to-help-489998?e=a3dee233e6

  • “Michigan’s women-owned businesses and women entrepreneurs need you now more than ever”.  Michigan Women Forward is taking donations to provide micro-loans to the women who are experiencing suffering due to COVID-19. Click the link about to donate or speak to a loan officer.

https://www.michigan.gov/documents/uia/160_-_Claiming_UI_Benefit_In_Michigan_-_Jan2014_444213_7.pdf

  • A fact sheet about unemployment provided by the State of Michigan.

https://www.michigan.gov/leo/0,5863,7-336-78421_97241---,00.html

  • Application for unemployment insurance benefits through the State of Michigan.