Michigan Gov. Gretchen Whitmer announced on Thursday that the U.S. Small Business Administration (SBA) has approved her request for a statewide Economic Injury Disaster Loan declaration.
The disaster loan declaration means that small businesses, small agricultural cooperatives and nonprofits that have had substantial economic losses as a result of the coronavirus outbreak can apply for low-interest loans.
- The application is available here: disasterloan.sba.gov/ela/
- Business owners who want more information should go here: michiganbusiness.org/covid19/
- The Michigan Small Business Relief Program will provide more than $20 million in grants and loans to support businesses, click here
- The Michigan Small Business Development Center can also provide resources, click here
