COVID-19 Business Loan, Grant & Funding Opportunities

The Chamber is committed to helping our business owners navigate the very complex issues regarding the COVID-19 crisis and provide information about funding relief opportunities. As resources become available, we will be adding to this page.

 Page Updated Friday, April 3, 2020 

Payroll Protection Program

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $349 billion toward job retention and certain other expenses. On Tuesday, the U.S. Department of Treasury shared new information regarding the Paycheck Protection Program. The Paycheck Protection Loans, which provide small businesses forgivable loans to cover payroll and other fixed costs, will be available through private lenders.  These loans will be issued on a first-come, first-serve basis.

If you are interested in applying for a PPP loan, please review the resources provided by the U.S. Department of Treasury below.  The US Chamber has created a checklist here that is a great resource.

The Better Business Bureau is hosting a webinar about this program on Friday, April 3 at 2pm. You can register here.

When can I apply? Starting April 3, 2020, small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders.

Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders. Other regulated lenders will be available to make these loans as soon as they are approved and enrolled in the program.

Where can I apply?

You can apply through any existing SBA lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. Visit for a list of SBA lenders.

Helpful Links:

  • The application for borrowers can be found here(Please note that this is processed through your local SBA lender. We recommend checking with your current financial institution first)
  • An overview of the program and FAQ Document provided by the Small Business Association of Michigan can be found here.
  • If you’re a lender, more information can be found here.
  • If you’re a borrower, more information can be found here.
SBA Economic Injury Disaster Assistance Loans in Response to the Coronavirus


  • The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). These SBA makes loans are available to small businesses and private, non-profit organizations territory to help alleviate economic injury caused by the Coronavirus (COVID-19).

  • SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance and can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

  • These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 1% for small businesses. 

  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

  • For additional information, please contact the SBA disaster assistance customer service center. Call 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail​

SBA Debt Relief Program

The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.

Under this program:

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.

SBA Express Bridge Loans

Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 with less paperwork. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.


  • Up to $25,000
  • Fast turnaround
  • Will be repaid in full or in part by proceeds from the EIDL loan
United Way/Community Foundation COVID-19 Relief Fund

United Way of Mason County, Community Foundation for Mason County and Pennies from Heaven Foundation are working collaboratively to mitigate the impact of the coronavirus on local families and members of the community. A COVID-19 Relief Fund has been created at the United Way of Mason County with seed moneys from the Community Foundation, United Way, Pennies from Heaven Foundation and corporate partners Meijer and Consumers Energy Foundation.

The funds will be used to support organizations on the front line serving the Mason County community. “In our county, over 45% of households struggle to meet their basic needs. That’s more than 5,400 households in Mason County. For many, one small setback can lead to a major financial hardship, especially a prolonged crisis like we are faced with right now. We’re committed to doing all we can to help those who need it most,” stated Lynne Russell, United Way of Mason County Executive Director.

Loan Advance - Economic Injury Disaster Loan Advance

The CARES Act allows for a $10,000 EIDL Loan Advance.  The option is at the end of your on-line EIDL Application.  Click the box at the end of your EIDL application if you wish to receive the $10,000 advance.  If you have applied for an EIDL loan prior to Noon on Monday, March 30 you will need to re-apply for your EIDL.

In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.  Additional information in the EIDL Advance/Grant can be found in the CARES Act information below.

Economic Injury Disaster Loans are available to residents in declared disaster areas, Michigan is a declared disaster area.

Pure MI Business Connect COVID-19 Emergency Access & Retooling Grants

Do you have the capability to produce critical health & human service supplies, but need assistance in scaling or purchasing equipment? Pure Michigan Business Connect is providing grant assistance to help companies or non-profits begin or ramp up production of critical supplies across a broad range of product categories.

Products may include, but aren’t limited to:

  • Eyewear
  • Face Shield
  • Gloves
  • Gowns
  • Hand Sanitizer
  • Hospital beds
  • N95 Masks
  • No-touch thermometers
  • Surgical Masks
  • Testing Supplies
  • Ventilators
  • Wipes

Grant Award

Grants of $10,000 – $150,000 per entity. Total allocation by MEDC for this program is $1,000,000.

Eligible applications will be reviewed by the panel within 48 hours, based on the following scoring criteria:

  • Ability to Execute Project
  • Need for Financial Assistance
  • Timeliness
  • Product Need in Market
  • Economic Impact

Funding level will be determined at the discretion of the review panel based on the entity’s submission and overall availability of funds. Applications will be reviewed on an ongoing basis until funds are completely expended.

Facebook Small Business Grant Program

Offering $100 millions in cash grants and ad credits to help small businesses across the globe.

Intuit QuickBooks/GoFundMe Small Business Relief Initiative

Your content goes here. Edit or remove this text inline or in the module Content settings. You can also style every aspect of this content in the module Design settings and even apply custom CSS to this text in the module Advanced settings.

Patronicity Crowdfunding Assistance

Patronicity is offering to waive all fees for  non-matched crowdfunding campaigns that launch prior to May 15th. They are also allowing rolling funds distribution before the campaign ends.

FedEx #SupportSmall Grant

Our future is connected. Small businesses strengthen the economy and make the world more vibrant; you create jobs, as well as unique products, services and spaces. In these trying times, your communities are depending on you.

Many small businesses are hurting right now. We know you’re putting your all into not just surviving but becoming more creative and resilient than ever. When the dust clears from the current crisis, it’s the fearless innovation and tireless hard work of small businesses that will light our way to a brighter future.

We want to honor that spirit and show some love to small businesses to help you ride out this storm. That’s why we’re committing to providing $1 million in grants for small businesses in the U.S. Whether you’re making the move to selling and shipping online or you’re ramping up your safety and cleanliness measures to keep customers and employees safe, we want to help you keep moving forward.

Each grant recipient will receive $5,000, plus a $500 credit from FedEx Office that can be used for printing banners, posters, floor graphics, custom branded boxes, and more.

Go to FedEx #SupportSmall Grants by May 25 to apply.


Emergency Food and Shelter Program

Mason County has been awarded funding from the Department of Homeland Security Federal Emergency Management that will be allocated to agencies in the form of grants over the coming weeks. Read eligibility requirements here.

Contact Your Banking Institution

Banks and credit unions are now offering deferrals and other relief programs to help support businesses. Contact them today.

West Shore Bank

West Shore Bank is a certified SBA lender.

If you are experiencing financial hardships related to family sickness or workplace closures due to the COVID-19 pandemic, we are here to help you. West Shore Bank will immediately offer the following
programs and will continue to evaluate considerations to extend:

Consumer Loan Payment Deferral Program: For West Shore Bank customers facing financial hardship related to family sickness or workplace closures due to COVID-19, the Bank will offer payment deferral on all consumer loans with no late fees or credit bureau impact for up to 90 days.

Mortgage and Home Equity Payment Deferral Program: For mortgage customers of West Shore Bank facing financial hardship related to family sickness or workplace closures due to COVID-19, the Bank will offer payment deferral with no late fees or credit bureau impact for up to 90 days.

Business Loan Payments: For West Shore Bank business borrowers that have been forced to temporarily close, are reducing services in response to the COVID-19 pandemic, or are experiencing residual impact on their business as a result of the pandemic, a variety of relief  programs are available, including payment deferrals up to 90 days. Please contact your Business
Banker to discuss the best solution for your circumstance.

ATM Fee Refunds: Effective March 9 through May 8, 2020, any ATM fee incurred using a non-West Shore Bank ATM, up to $7.00 per statement cycle, will be refunded and will appear as a
credit on the last day of your account statement.

Suspension of Foreclosure Program: West Shore Bank has suspended initiating new residential property foreclosure actions for the next 60 days.

Repossession Halt Program: West Shore Bank has suspended initiating new repossession actions for vehicles, RV’s, or marine craft for the next 60 days.

To request hardship assistance, contact your West Shore Bank Business Banker or call Customer Care at
888-295-4373 during regular banking hours.

Shelby State Bank

Shelby State Bank is a certified SBA lender.

More information coming soon.

Safe Harbor Credit Union

No fee auto/personal loan skip-a-payment: Offering a skip-a-payment program. Eligible loans include auto, ATV, and personal loans.

No fee Credit Card Skip-A-Payment: To accommodate our members, all Safe Harbor Credit cards are eligible for skip payment at NO CHARGE.

Here 2 Help Loan: We’re rolling out a personal loan special, with a competitive interest rate. Great for members who need help paying rent, auto loans, or help with grocery expenses.

Mortgage Payment Relief: To help our affected members in this time of need, if your mortgage or home equity loan is through Safe Harbor Credit Union you may be eligible for payment relief solutions.


Adam Johnson – 231-252-1160

Stephanie Overholt, 231-252-1157


Preferred Credit Union

Members should contact them directly at 1-800-328-41.1 for details on the deferral and relief programs they are offering their members during the COVID-19 pandemic. 

Filer Credit Union

Offering members no fee skip-a-payment on loans, visa and mortgages. 

Fifth Third Bank

Highlights of the SBA program

Should you have any questions, please contact your local branch, your relationship team, or the Business Banking Support Center at 877-534-2264.

Chemical Bank

Are a SBA certified lender. Also, offering 90 deferments on loans. 


Kristin Jordal – 231-845-5172