In response to the ongoing and ever-changing coronavirus pandemic, the Senate passed legislation that would keep the government’s small business rescue program alive due to $130 billion left unspent. The bill approved by unanimous consent would give the Small Business Administration (SBA) authority to continue approving Paycheck Protection Program (PPP) loans, which can be turned into grants, until August 8, 2020. Learn more.
If you are looking to apply for this program, we can help. As your local economic development organization, we are equipped with both internal and external resources to assist you through this application and others alike. Call us today at 517-265-5141 to get started.
Visit our COVID-19 resource page for more information about the programs that are designed to help your business evolve quickly with these changing circumstances.