SBA Economic Injury Disaster Loan Forms, Process and Upcoming Webinars

Small Business Administration (SBA) sent this bulletin at 03/26/2020 08:30 AM EDT

Michigan District Office 
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Michigan Small Businesses: SBA EIDL Forms, Processes and Upcoming Webinars
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Needed Economic Injury Disaster Loan Forms

Thanks to a concerted effort by the state of Michigan and the U.S. Small Business Administration Michigan small businesses are now eligible for SBA's Economic Injury Disaster Loans. Here's a list of documents that you will need to complete the application:

Click HERE to apply now. (We recommend that you complete your application online, however preparing these documents before entering the system will help streamline the process.) 

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Upcoming Economic Injury Disaster Loan Application Trainings: An Overview of Applying


March 26, 12:00 p.m. to 1:00 p.m. - An Overview of Applying for EIDL

Join Skype Meeting      

Trouble Joining? Try Skype Web App

Join by phone
Toll number:  +1 (202) 765-1264 Conference ID 73097173# (Dial-in Number) English (United States)  

Find a local number  Conference ID: 73097173

March 26, 2:00 p.m. to 3:00 p.m. - An Overview of Applying for EIDL

Join Skype Meeting      

Trouble Joining? Try Skype Web App

Join by phone
Toll number:  +1 (202) 765-1264 Conference ID 789054999# (Dial-in Number)  English (United States)  

Find a local number  Conference ID: 789054999

New training opportunities and information will be added, please continue to follow for the latest list.

 

Additional Economic Injury Disaster Loan Information

  • Low-interest loans of up to $2 million are available for small businesses and private non-profits.
  • Loans may be used to pay fixed debts, payroll, accounts payable and other bills and have repayment options of up to 30 years. 
  • Interest rates are 3.75% for small businesses and 2.75% for private non-profits.
  • Need help filling out the application? Access these step-by-step instructions

 

Federal and State Small Business Resources

Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)

SBA Resource Partners are ready to help with no-cost, one-on-one business counseling regarding COVID-19.

Visit Coronavirus.gov for the latest official health information and for a full list of the nation’s whole-of-government response, including safety, business and tax tips, worker assistance and more

The Michigan Department of Labor and Economic Opportunity has extended unemployment benefits for those impacted by Coronavirus - Here's how to apply

The Michigan Economic Development Corporation’s (MEDC) call center stands ready to support businesses looking for assistance through other available state programs. For more information, visit www.michiganbusiness.org

Other Michigan government efforts pertaining to Coronavirus response can be found here.

 

All SBA programs and services are extended to the public on a nondiscriminatory basis. This article does not constitute or imply an endorsement by SBA of any opinions, products, or services of any private individual or entity.

 

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 SBA now offers customized local emails for small business owners like you!  To receive info about SBA-related training and events exclusively in your area, take a moment to input your zip code at www.sba.gov/updates .