The Michigan Small Business Relief Program will provide up to $20 million in support for small businesses negatively impacted by COVID-19. The funding is divided between $10 million in small business grants and $10 million in small business loans to support businesses facing drastic reductions in cash flow and the continued support of their workforce. Funds for the program are expected to be available no later than April 1, 2020

Michigan Small Business Relief Programs: Grants

This grant will provide up to $10 million in grant funding to one or more local economic development organizations or nonprofit economic development organizations to provide grants up to $10,000 to support certain small businesses statewide that have realized a significant financial hardship as a result of the COVID-19 outbreak. Amount per lead local economic development partner will be determined based on potential impact per region.

Eligibility requirements:

The company is in an industry outlined in Executive Order 2020-9, or any subsequent Executive Order of similar intent (“EO”), or demonstrates it is otherwise affected by the COVID-19 outbreak, that meets one or more of the following:

  • Industries outlined in EO
    • Restaurants, food courts, cafes, coffeehouses, and other places of public accommodation offering food or beverage for on-premises consumption;
    • Bars, taverns, brew pubs, breweries, microbreweries, distilleries, wineries, tasting rooms, special licensees, clubs, and other places of public accommodation offering alcoholic beverages for on-premises consumption;
    • Hookah bars, cigar bars, and vaping lounges offering their products for on-premises consumption;
    • Theaters, cinemas, and indoor and outdoor performance venues;
    • Libraries and museums;
    • Gymnasiums, fitness centers, recreation centers, indoor sports facilities, indoor exercise facilities, exercise studios, and spas;
    • Casinos licensed by the Michigan Gaming Control Board, racetracks licensed by the Michigan Gaming Control Board, and Millionaire Parties licensed by the Michigan Gaming Control Board; and
    • Places of public amusement not otherwise listed above
  • provides support to impacted employees
  • Is located in a downtown district or high impact corridor
  • or has 50 employees or less
  • or is a company that provides services to companies outlined in the EO and requires additional employees to support to companies or employees impacted by EO
  • The company has 50 employees or less
  • The company needs working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business
  • The company is able to demonstrate an income loss as a result of the EO, or the COVID-19 outbreak

Eligible Uses:

Working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business

Funding available starting on or about April 1, 2020

Applications are not available at this time. For more information please call 888.522.0103

Michigan Small Business Relief Programs: Loans

Loans that provide up to $10 million for small business loans to one or more Community Development Financial Institution (“CDFI”) or a licensed SBA not-for-profit institutions (“Eligible SBA Non-Profit”), or directly from the MSF to eligible borrowers to be used to provide low-interest loans with flexible repayment terms to support certain small businesses statewide that have realized a significant financial hardship as a result of the COVID-19 outbreak. Loans to eligible borrowers must be $50,000 or more and are capped at $200,000

Eligible Businesses:

The company is in an industry outlined in Executive Order 2020-9 (“EO”), or demonstrates it is otherwise affected by the COVID-19 outbreak, or is a company that provides goods and services to companies to the aforementioned

  • Industries outlined in EO
    • Restaurants, food courts, cafes, coffeehouses, and other places of public accommodation offering food or beverage for on-premises consumption;
    • Bars, taverns, brew pubs, breweries, microbreweries, distilleries, wineries, tasting rooms, special licensees, clubs, and other places of public accommodation offering alcoholic beverages for on-premises consumption;
    • Hookah bars, cigar bars, and vaping lounges offering their products for on-premises consumption;
    • Theaters, cinemas, and indoor and outdoor performance venues;
    • Libraries and museums;
    • Gymnasiums, fitness centers, recreation centers, indoor sports facilities, indoor exercise facilities, exercise studios, and spas;
    • Casinos licensed by the Michigan Gaming Control Board, racetracks licensed by the Michigan Gaming Control Board, and Millionaire Parties licensed by the Michigan Gaming Control Board; and
    • Places of public amusement not otherwise listed above
  • The company has fewer than 100 employees
  • The company needs working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business
  • The company can demonstrate that it is unable to access credit through alternative sources
  • The company can demonstrate an income loss of as a result of Executive Order 2020-9.

Eligible Uses:

Loans may be used for working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business

Loan Information:

  • Interest Rate: .25% per annum
  • Term: Interest only for 60 months following loan closing followed by a fully amortizing 60 month term

Funding available starting on or about April 1, 2020

There does not seem to be an application at this time. For more information please call 888.522.0103

SBA Economic Injury Disaster Loan (EIDL) and Physical Disaster Loan

Only federal loan available to Michigan residents. More details on the loan provided at the top of the page. For more info please visit

MI 16356 – SBA Offers Disaster Assistance to Michigan Small Businesses Economically Impacted by the Coronavirus (COVID-19)