To our local small businesses,
Do you need assistance through the COVID-19 crisis?
What is the Small Business Payment Protection Program?
The Michigan Paycheck Protection Program (MiPPP) provides small businesses in Michigan COVID-19 relief, giving funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities. Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll).
How Do I Apply?
Paycheck Protection Program loans are only available through your local SBA certified bank or credit union. Start by calling your existing bank or credit union!
Who are the lenders participating in the program?