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Detroit Small Business COVID-19 Relief Grant Fund

Earlier this month. the DEGC, Detroit City Council and Economic Development Corporation of the City of Detroit created a relief fund to help small businesses survive the impact of the COVID-19 crisis.

Today, more than 120 Detroit businesses have received, or are on their way to receiving, financial assistance through this assistance program.

The DEGC will continue to update this information as more grants are distributed.


Open for Business During COVID-19 Crisis

Detroit Businesses and Adjusted Hours

Discover when to support your local businesses

In response to the COVID-19 pandemic, many local business owners serve their customers with adjusted services, operations and business hours. Look up adjusted hours and services so you can continue to support Detroit small businesses.

Map of Open Businesses

Discover where to support your local businesses

Looking for open businesses near you? Use this map to see what’s open. Click on the pin for business details.

Open Business Listing Registration

Add your business to the list and map

Would you like to add your business to the list and map of open businesses? Use this form to sign up and add the key information.


WHAT IS THE CARES ACT?

When COVID-19 was declared a national disaster, the United States Small Business Administration’s (SBA) Economic Injury Disaster Loan (EIDL) was made available to eligible businesses. Additionally, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed by Congress to assist business owners with immediate financial needs precipitated by the COVID-19 crisis. The SBA is responsible for administering the various Coronavirus Relief Options.

The options provided for in the CARES Act are meant to address a variety of needs. What are your needs?

How do I keep my employees on the payroll?

Paycheck Protection Program (PPP)

Apply through a local SBA certified lender*

How do I keep paying my business's bills?

Economic Injury Disaster Loans (EIDL)

Apply directly through the SBA

What if the EIDL funds aren't fast enough?

EIDL Emergency Advance

Apply directly through the SBA; same application as for EIDL

How do I get a quick loan to tide my business over?

Express Bridge Loan Pilot Program

Apply through your SBA Express Lender*

What if I can't keep up with my current SBA loan?

Small Business Debt Relief Program

No application necessary; qualified loans are automatically deferred

Please tell me more about the SBA’s Paycheck Protection Program and how to apply

The U.S. Small Business Administration (SBA) is offering small businesses loans through its Paycheck Protection Program (PPP).

The City of Detroit is providing small business owners with individual and personalized support to help them through the SBA application process.

Step One: Is this loan for you?
  • The size of loans can equal two times a business’s average monthly payroll plus an additional 25 percent of that amount.
  • The SBA loans are forgivable if businesses:
    • use the loan for payroll, mortgage interest, rent, and utility costs
    • maintain employee and compensation levels for eight weeks after the loan is made
Step Two: Are you eligible?
  • All businesses with 500 or fewer employees can apply, including nonprofits, sole proprietorships, self-employed individuals, and independent contractors.
Step Three: How do I apply?
  • Businesses must apply through a participating and approved SBA lender, bank or credit union (see full list below).
  • Start by checking with your existing bank or credit union. If they are an SBA Certified lender, that’s your best bet.
Step Four: How do I get help completing the loan application?
*WHO ARE LOCAL SBA CERTIFIED LENDERS?

To participate in PPP, you need to work with an SBA-certified lender. If you already work with a bank, start there as soon as possible. If you don’t have a lender already, these banks are still accepting new applications.

Is there anybody else who can help me navigate these options and applications?

Michigan Small Business Development Center (SBDC) SBA Program Support

SBA Disaster Assistance Customer Service

Free SBA Business Counseling

The Small Business Association of Michigan offers these helpful introductory webinars, which are a great place to start.


Other Sources of Relief Funding for Small Businesses