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.michiganbusiness.org/survival/?fbclid=IwAR0uuE02x9LqEcDv5V_vXvrRVWn9CYBVUAgr4LnkUcKr_NB0D-drEIfzy9U

  • The State of Michigan has allocated $55 million to implement the Michigan Small Business Survival Grant Program to support the needs of Michigan businesses that have been disproportionately impacted by the COVID-19 virus and the Gatherings and Mask Order. The application to apply is now open and will close at 12:00 p.m. EST on Friday, January 22, 2021.

 

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.michiganbusiness.org/relief/

  • The Pure Michigan Small Business Relief Initiative will utilize federal CARES Act funding to provide $10 million in grants to meet the urgent need of Michigan small businesses disproportionately impacted by the COVID-19 virus. Applications for businesses to apply will open on December 15, 2020.

https://www.flintandgenesee.org/new-round-of-funding-available-for-flint-small-businesses/

  • General Motors (GM) and the Flint & Genesee Chamber of Commerce announce a second round of its grant program created to help Flint small businesses grow and thrive. Thanks to $210,000 in additional funding from GM, the Moving Flint Forward Small Business Grant Program will award grants of up to $10,000 to small businesses in Flint that meet certain criteria. Learn more and apply at the link above.

 

https://www.sbam.org/weatherization-grants/

  • The Michigan Department of Labor and Economic Opportunity (LEO) is providing federal CARES Act funds to help qualifying small businesses expand their capacity by adding weatherized, temporary outdoor facilities. $3,000,000 in Grant Funds Now Available.

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.metrocommunitydevelopment.com/business-lending

  • $2 million was approved for Metro Community Development Inc. in Flint to provide micro- and small business loans to Michigan businesses that have been most impacted by the COVID-19 outbreak. These funds can be used to provide loans ranging from $5,000 to $250,000 for working capital, acquiring machinery and equipment and to support inventory needs during this public health crisis. Businesses can apply through theBizTHRIVE program link on Metro Community Development’s website, linked above.

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.

https://www.flintandgenesee.org/economic-development/entrepreneurial-services/

  • The Flint and Genesee Chamber of Commerce are offering Entrepreneurial Services, as well as a Small Business Revolving Loan Fund. The Services allow you to experience all the opportunities we have to offer in Flint & Genesee County to take your ideas and business to the next level. The funds can be used for building improvements, equipment, inventory and working capital. They are not a replacement for traditional loans, but are here when they do no work.

https://www.lisc.org/covid-19/small-business-assistance/small-business-relief-grants/

  • The LISC has created the LISC Small Business Relief Grants to help small businesses affected by COVID-19. They are working with funders like Sam's Club and Verizon to offer grants in $5000, $7500 and $10000 increments. It is grant based funding for small businesses across the entire country. They are choosing who receives the funding based on need, but especially looking to work with those in underserved communities. Eligibility and applications are available in the link above.

  • They are also offering support for Non-Profits, with funding available by state at: https://www.lisc.org/covid-19/covid-resources/opportunities/

https://www.quickbase.com/smallbizhelp

  • Quick Base is providing critical resources and support to small businesses to help manage COVID-19 response, including free access through September 30th, 2020 for new and existing organizations on the front lines of the crisis.

Location

Located in the Ferris Wheel

615 S Saginaw Street 

Flint, MI 48502

Business hours

Monday, Wednesday and Friday: 8:00am - 4:00pm

Tuesday and Thursday: 10:00am - 6:00pm

First Saturday of the month: 10:00am - 1:00pm

Email or call to set up an appointment outside our listed hours!

Contact

810-213-4720

hey@100kideas.org

  • White Facebook Icon
  • White Instagram Icon
  • White LinkedIn Icon
  • White Twitter Icon
Supported By:

Copyright

2017 100K Ideas All Rights Reserved