Michigan Works! West Central issued the following announcement on March 20.
Governor Whitmer announces SBA loans now available for small businesses impacted by COVID-19. Ludington & Scottville Chamber of Commerce Mecosta County Area Chamber of Commerce River Country Chamber of Commerce of Newaygo County Fremont Area Chamber of Commerce Think Dunes: Silver Lake Sand Dunes The Right Place Shelby Area Chamber Pentwater Chamber of Commerce
Governor Gretchen Whitmer announced today the U.S. Small Business Administration (SBA) has approved her request for a statewide Economic Injury Disaster Loan (EIDL) declaration, opening the opportunity to small businesses to access low-interest loans from the SBA.
“This designation unlocks critical financial resources for small businesses across the state impacted by the tough, but necessary steps we have taken to mitigate the spread of coronavirus here in Michigan,” Whitmer said. “While access to these loans is vital, we are continuing to look at every resource available to support our businesses, communities and entrepreneurs around the state impacted by coronavirus.”
Original source can be found here.
Source: Michigan Works! West Central