Small businesses are facing a range of issues related to Covid-19. Here are some helpful links that may be relevant to your business. MOGA will continue to update you as more information and clarification is released.
The Small Business Administration (SBA) is making available Economic Injury Disaster Loans for affected small businesses.This Fact Sheet walks small business owners through the program and process of applying for these Small Business Loans.
Additionally, the Small Business Association of Michigan has a full webpage dedicated to helpful resources and communications to guide the state's small businesses through this hard time. Visit the webpage here, Small Business Association of Michigan Covid-19 Resources
The U.S. Senate has passed bipartisan legislation to provide emergency relief to workers, families, small businesses and distressed industries. The Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) now moves to the US House where it is expected to see swift action. The bill features relief for small businesses.
CLICK HERE to learn about the Senate CARES bill small business provisions.
MOGA will continue to update you as more information and clarification is released.