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small business administration

steve carmody / Michigan Radio

Officials in Michigan are encouraging entertainment venues to take advantage of a special federal relief program to help them through the pandemic.

The U.S. Small Business Administration has distributed nearly 10,000 grants, worth more than $7.6 billion, through the Shuttered Venues Operators Grant program.    

A sign of a car wash that says "Closed for Corona"
Tyler Scott / Michigan Radio

The Small Business Administration (SBA) is targeting businesses owned by women, veterans, people of color and businesses in some rural communities with the re-launch of a massive loan program intended to essentially provide businesses a lifeline of free money to survive the pandemic.

Monday and Tuesday, first-time Paycheck Protection Program borrowers working with specialized community financial institutions can begin processing the forgivable small business loans. More lenders will be able to join in the program in the coming days.

A sign of a car wash that says "Closed for Corona"
Tyler Scott / Michigan Radio

Congress is working on another coronavirus aid package that’s already passed the Senate and reportedly includes more than $350 billion dollars for emergency small business loan programs that were depleted of funding after more than a million businesses nationwide applied for forgivable loans through the Paycheck Protection Program.

But to get some of the money, entrepreneurs have to navigate a cumbersome application process. And there's no guarantee of success.

KAYE LAFOND / Michigan Radio

The federal government has again rejected Michigan’s request for federal assistance to Upper Peninsula residents hit hard by flooding in June.

Bryce Huffman / Michigan Radio

Michiganders hard hit by heavy flooding in February are getting some help.

Gov. Snyder declared a state of disaster for 17 counties and two cities after heavy rainfall and snowmelt resulted in widespread flooding damage.

The U.S. Small Business Administration has approved the state’s request for a physical and economic disaster declaration for four Michigan counties.

sign that says flint
Steve Carmody / Michigan Radio

The federal Small Business Administration is expanding its effort to help Flint recover from its drinking water crisis.

Maria Contreras-Sweet is the SBA administrator. She met with business leaders in Flint on Friday.  She told them the SBA plans to expand operations in Flint. 

“$100,000 is going to help them staff up and then the other funds will help them expand their revolving fund,” says Contreras-Sweet.

Earlier this month, the agency approved Gov. Rick Snyder's request for low-interest disaster loans for businesses in the area.