COVID-19: Resources for Michigan Small Business Owners

If you or your business is struggling during the COVID-19 virus outbreak, let us help! We have compiled below a list of resources for you to receive the help that you may need at this time.

The Michigan Economic Development Corporation has announced that Michigan’s small businesses negatively impacted by COVID-19 can now apply for the Michigan Small Business Relief Program, which will provide up to $20 million in grants and loans to bring economic assistance to Michigan’s small businesses. The MEDC website states that grants will be administered by 15 local and nonprofit economic development organizations around Michigan. 

The U.S. Chamber of Commerce has information on their Coronavirus Emergency Loans Small Businesses Guide, and a checklist to follow for those who are interested in understanding their eligibility.

For additional guidance and information on Paycheck Protection Programs, Economic Injury Disaster Loans, Advances, Debt Relief, and more, The U.S. Small Business Administration has many resources. 

Michigan.gov has the Executive Order 2020-21 Guidance for Business for anyone who is unsure or has questions regarding how the Stay at Home Order will work for your employees or your business.

OUR Credit Union is doing all that we can to help our members and our community during this time. For information regarding our Emergency Relief Loan, visit https://www.ourcuonline.org/personal-loans

To find out what other options are available to you, you can find all of our most recent updates at https://www.ourcuonline.org/precautions

If you have questions regarding these offers, or your own personal or business account, please do not hesitate to give us a call: (248) 549-3838