Grants and Loans

Dashboard: COVID-19 Stabilization Fund for Small Businesses — Grants

​Resources and support for businesses during the COVID-19 crisis.

 Oakland County Stabilization Fund

On Wednesday, April 29 Executive David Coulter and the Oakland County Board of Commissioners quadrupled help for small businesses impacted by the COVID-19 crisis. The Oakland County Small Business Stabilization Grant program awarded an additional $11.7 million to Small Businesses in Oakland County.  

Award announcements were sent out on Tuesday May 19. This was a highly competitive process. We received over 7,000 grant applications and were able to fund 49 percent of the applicants based on the requirements outlined in the application.  This funding along with the initial $2.3 million brings the total to $14 million in small business relief.

Oakland County Stabilization Fund

 Saving Businesses, Saving Lives Grant

Oakland County Executive David Coulter and the Oakland County Board of Commissioners are committed to helping our small businesses and helping our health care systems above water, supporting their many employees and keeping our residents safe.
 
The Oakland County Small Business Stabilization Fund set aside a total of $700,000 with the goal of increasing the availability of desperately needed personal protection equipment (face masks, face shields, gowns, and other needed items)
 
The fund will help small businesses already producing personal protection equipment increase their volume or help small businesses that can rapidly shift their manufacturing capabilities to manufacture personal protective equipment.

The deadline to apply for these funds has passed.

Saving Businesses, Saving Lives Grant

 Paycheck Protection Program (PPP) & Economic Injury Disaster Loan (EIDL)

Learn more about these federal Small Business Administration loan programs from the Michigan Small Business Development Corporation (SBDC). The SBDC’s easy to use tutorial can help businesses learn which of these loan programs may work for their business.

PPP

A loan that helps businesses keep their workforce employed during the Covid-19 crisis.

  • May 5th Update –Significant funding remains for the Paycheck Protection Program. Businesses are encouraged to contact your lender to apply for the PPP.

EIDL

A loan advance to provide up to $10,000 of economic relief to business that are currently experiencing temporary difficulties.

Paycheck Protection Program (PPP) & Economic Injury Disaster Loan (EIDL)

 Pontiac Funders Collaborative Small Business Relief Fund

The Pontiac Funders Collaborative has formed a $200,000 grant relief fund to help for-profit small businesses in Pontiac that have been affected by the COVID-19 crisis with their operating expenses. Grants will range from up to $2,500 for home-based businesses and up to $5,000 for brick and mortar businesses.

We are also providing technical assistance to business owners who want to apply to help you complete the application process, refer you to business support organizations and assess your family’s basic needs. Grantees will receive additional one on one technical assistance to further identify and support their needs in response to this crisis.

  • Applications will go live:  May 18 at 9 a.m.
  • Round One applications are due:  May 26 by 5 p.m.
  • Decisions on Round One applications will be made: June 4
  • Round Two applications will go live:  June 8 at 9 a.m.
  • Round Two applications are due: June 16 by 5 p.m.
  • Decisions on Round Two applications will be made and applicants informed:  June 23

If awarded, funds will be issued within a few days of decision dates.
Pontiac Funders Collaborative Small Business Relief Fund

 MIOSHA Workplace Improvement to Safety and Health (MIWISH) Grant Program

Please note the following grant opportunity to help create a safer and healthier work environment at Michigan small businesses.

MIWISH Grants Available for Small Employers

The MIOSHA Workplace Improvement to Safety and Health (MIWISH) Grant Program awards qualifying employers a dollar-for-dollar match – up to $5,000 – to purchase safety and health-related equipment and equipment-related training. The goal of the program is to create a safer and healthier work environment and reduce the risk of injury and illness to workers in Michigan.

Questions?

If you have any questions regarding the MIWISH grant or application, please contact:
Telephone: (517) 284-7811
Email: BirsenS@michigan.gov

MIOSHA Workplace Improvement to Safety and Health (MIWISH) Grant Program

 Michigan Economic Development Corporation Grants and Loans

​Provided below is a link to The Michigan Economic Development Corporation's (MEDC) collection of grants, loans and other resources for Michigan businesses. If you have any questions or wish to speak to MEDC directly, please call 888-522-0103.

Michigan Economic Development Corporation Grants and Loans

 Michigan Entrepreneur Resilience Microloan and Grant Fund

​With the generous support of MEDC, NEI, Michigan-based foundations, corporate partners, individual donors, and in collaboration with the SBA, the Michigan Entrepreneur Resilience Fund has secured funds to provide recovery grants and loans to diverse entrepreneurs and small businesses from underrepresented groups in Michigan. This fund is intended to assist geographically and demographically disadvantaged individuals. 

The Michigan Entrepreneur Resilience Fund will provide two primary avenues of funding:
Grants: $1,000 – $5,000 grants to assist with reopening or pivoting your business.
Microloans: $5,000 – $10,000 loans with a 1-3 year repayment period. Loans are fixed rate (8%), fully amortizing, term loans.

Michigan Entrepreneur Resilience Fund