Michigan Strategic Fund Approves $2 Million For Statewide Small Business Loans

With all the information related to business loans and grants in the wake of the coronavirus, this may have gone under the radar. So we wanted to let local business owners know that the Michigan Strategic Fund (MSF) approved $2 million for Metro Community Development to provide micro-and small business loans to Michigan businesses that have been most impacted by the COVID-19 outbreak, including restaurants, coffee houses, retail stores, and service providers.

These funds can be used to provide loans ranging from $5,000 to $250,000 for working capital, acquiring machinery and equipment, and supporting inventory needs during this public health crisis. Businesses can apply through the BizTHRIVE program link on Metro Community Development’s website.

Our team works with business owners every day to support their needs, especially now during these difficult times. If you have questions about your Business Interruption or other business insurance policies or are looking for help where to turn to for governmental support, contact us and our team is happy to help.