Small Business Administration Approves Governor Whitmer’s Request

Governor Whitmer’s request for a statewide Economic Injury Disaster Loan has been approved by the Small Business Administration.

This will allow Michigan’s small businesses, nonprofits and small agricultural cooperatives which have suffered substantial economic losses due to the COVID-19 outbreak, access to low interest loans from the SBA.

One Billion in emergency funding was passed by Congress, earlier this month.

Governor Whitmer said “This designation unlocks critical financial resources for small businesses across the state impacted by the tough, but necessary steps we have taken to mitigate the spread of the Coronavirus here in Michigan. While access to these loans is vital, we are continuing to look at every resource available to support our businesses, communities and entrepreneurs around the state impacted by the Coronavirus.”