Michigan Hospitality Industry | Financial Assistance
SBA DISASTER LOANS
The U.S. Small Business Administration (SBA) has approved Michigan’s request for a statewide Economic Injury Disaster Loan (EIDL) declaration, opening the opportunity to small businesses to access low-interest loans from the SBA.
The EIDL designation means that Michigan small businesses, small agricultural cooperatives, and nonprofits that have suffered substantial economic losses as a result of the COVID-19 outbreak will now have the ability to apply for low-interest loans as part of $1 billion in funding made available to the SBA by Congress earlier this month.
The EIDL designation means that Michigan small businesses, small agricultural cooperatives, and nonprofits that have suffered substantial economic losses as a result of the COVID-19 outbreak will now have the ability to apply for low-interest loans as part of $1 billion in funding made available to the SBA by Congress earlier this month.
UNEMPLOYMENT INSURANCE AGENCY EMERGENCY GUIDELINES
Currently, the State of Michigan does not have any upcoming UIA webinars, however you can view the presentation used during the webinar below.
Please join us for a webinar hosted by the state Unemployment Insurance Agency (UIA) to learn about new emergency guidelines from the governor that allow your employees to qualify for unemployment benefits while not negatively impacting your experience rating as an employer. Also learn about the “Workshare” program that allows you to retain employees in a diminished role, while the UIA picks up benefits for the lost hours.
Please join us for a webinar hosted by the state Unemployment Insurance Agency (UIA) to learn about new emergency guidelines from the governor that allow your employees to qualify for unemployment benefits while not negatively impacting your experience rating as an employer. Also learn about the “Workshare” program that allows you to retain employees in a diminished role, while the UIA picks up benefits for the lost hours.
