Funding Resources
Matt Heffner

Matt Heffner

Small Business Funding Resources During the COVID-19 Pandemic

Table of Contents

We’re living through an unprecedented time in history with the COVID-19 pandemic coursing through the world.

Over the last several weeks I’ve been doing my best to gather resources on what I call survival funding develop at the state and national level. Below are my links to various things I’ve found helpful. I’ll keep this updated as things develop and I’m able.

It goes without saying but I’m not an expert. These are just resources I’ve found useful and am using for my business and sharing with affected clients. Also, keep in mind things are getting updated and clarified very quickly so these may not be 100% perfect.

Overall Resources

A good overview of the available plans from the CARES Act for small business owners.

CARES Act Small Business Guide

Emergency Loan Details from the U.S. Chamber

Frequently Asked Questions

U.S. Chamber Save Small Business Fund

Save Small Business Fund

Paycheck Protection Program – Funding Limit Reached Currently

This is the main feature of the CARES Act bill and it will be distributed through typical lenders. So contact your local bank you already have a relationship with. It’s forgivable when meeting several qualifications.

I would anticipate the money will go fast considering the widespread impact on businesses across all industries and the ease with which you can make a case that your business was impacted.

Sample Application Form

Lenders for PPP

If you don’t have a relationship with a local lender who can/will provide this then here’s a list of some I’ve found who are allowing online applications.

EIDL + Grant – Appears to be out of money

This is the program from the SBA (Small Business Administration) with several facets to it and was expanded through the CARES Act passed by Congress. You can do both of the two programs but not for the same expenses.

More Info & Online Application >>

Michigan Programs

We’re located in Michigan and there’s a few programs for businesses in the state to take advantage of.

Programs for Small Businesses in Michigan

Northern Initiatives

More Details from SBDC

Dream Maker Fund – This is a great program but specific to our town of Jackson, Michigan.

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