small business administration | Michigan Radio

small business administration

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.