Grants and Loans

For information on other available grants visit our COVID Grants Page

 The Michigan Hospitality Industry Employee Relief Fund

The Michigan Hospitality Industry Employee Relief Fund, supported by the Michigan Restaurant & Lodging Association Educational Foundation, is designed to assist employees of Michigan's restaurant and lodging industry who are in need of support after the COVID-19 pandemic. 

Funds will be granted to individuals that can demonstrate need and proof of hospitality industry employment as of March 10, 2020. Payments up to the amount of $500 will be granted to all approved applicants until resources are fully depleted.

Applications will open at 8:00 a.m. on Tuesday, September 22 and will close at 5:00 p.m. on Thursday, October 1.

 Michigan Agricultural Safety Grants

The MEDC Small Farm Safety Grant Program will award $1.25 million in grants to Michigan farms with less than 10 employees. This accompanies the Agriculture Safety Grant, which uses federal CARES Act funding to award grants to farms and agricultural processors with 10 or more employees. Both grants fund COVID-19 mitigation costs for Michigan's agriculture industry.

Starting  July 21, applications are available through the Michigan Economic Development Corporation.

 Michigan Entrepreneur Resilience Fund Loans

​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.

The Michigan Entrepreneur Resilience Fund is currently providing:
  • 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. 

 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

 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 -  Currently Closed

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.
  • August 8, 2020 – PPP Loan Applications in Michigan have closed. Date may be extended.

EIDL

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

  • SBA resumed accepting new EIDL applications on June 15 to all qualified small businesses, including U.S. agricultural businesses.

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

 Closed - Oakland Together Small Business Recovery Grant

The funds will help retail stores, restaurants and personal service businesses such as salons and fitness centers that were impacted by the coronavirus pandemic. Eligible businesses have suffered actual or anticipated losses from March 2020 through July 2020 including loss of revenue, operating at a reduced level of production, sales, employment or service, or were fully closed all operations and are now in the process of reopening. The application deadline has been extended to Monday September 14, 2020, 5 PM.  Funding is limited.

 Closed - Michigan Small Business Restart Program Grant

In response to the economic impact of COVID-19, the State of Michigan has allocated $100 million of CARES Act funding to implement the Michigan Small Business Restart Program to support the needs of Michigan Businesses directly impacted by COVID-19. Businesses can apply for grants of up to $20,000 and will share in the more than $11 million allocated for Oakland County businesses. 

Starting  July 15, applications are available through the Michigan Economic Development Corporation and are due by August 5.  Awardees will be announced no later than September 30.

 Closed - Non-Profit Community Response & Recovery Fund

In response to COVID-19, the Oakland County Executive and Board of Commissioners have established the Oakland Together Community Response and Recovery Fund (CRRF) to provide support to individuals and families negatively impacted by the pandemic.  The fund will also provide support for community nonprofit organizations that need assistance to safely re-open their organizations under new protocols established by the Centers for Disease Control, the State of Michigan and the Oakland County Health Division. 

Through this fund, the Oakland County Executive and Board of Commissioners have made $10 million available to nonprofits in the health and social services sectors, serving residents of Oakland County through a competitive grant award process administered by United Way for Southeastern Michigan.

Oakland Together Community Response and Recovery Fund

 Closed - 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

 Closed - 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 $1 million with the goal of increasing the availability of desperately needed items to help produce personal protective equipment (PPE) and in this new round of funding help companies that can play a role in helping Oakland County businesses re-open safely. 
 
The deadline to apply is June 26, 2020.

Saving Businesses, Saving Lives Grant