Michigan

Michigan Small Business Relief Program

Amount — Grants will be up to $10,000 to cover working capital; Loans will be $50,000 - $200,000

Interest Rate — 0.25% interest

Eligibility —

Grants available to companies with <50 employees
Loans available to businesses with <100 employees that are unable to source alternative credit
Companies applying for both grants and loans must prove income loss

How to Apply — Applications not currently available; check the Michigan Economic Development Corporation website for updates

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Last Updated — March 31, 2019