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.

​Provided below is a list of COVID-19 relief options offered by the U.S. Small Business Administration (SBA).

MI Occupational Safety & Health Administration

Michigan small businesses with 250 employees or less can now apply for a Michigan Occupational Safety and Health Administration (MIOSHA) matching grant up to $5,000 to make improvements to their workplace safety and health.

COVID-19 EIDL

This loan provides economic relief to small businesses and non-profit organizations currently experiencing a temporary loss of revenue. 
Notice: COVID EIDL is no longer accepting new applications but will continue to accept requests for increases, reconsideration, and appeals.

Restaurant Revitalization Fund

This program provides assistance for eligible restaurants, bars, and other food service businesses impacted by COVID-19.

SBA debt relief

SBA provides a financial reprieve to existing borrowers during the pandemic.

Cross-program eligibility

A summary of the criteria to meet when considering different funding options.

​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 loans to diverse entrepreneurs and small businesses from underrepresented groups in Michigan. This fund is intended to assist geographically and demographically disadvantaged individuals.

• Microloans: $5,000 – $10,000 loans with a 1-3 year repayment period. Loans are fixed rate (8%), fully amortizing, term loans.
• Loan Forgiveness: Microloans that meet SBA eligibility requirements will receive loan payment forgiveness for the first six months of the loan’s term.