Resources for Small Businesses

All information is based on our current understanding as of the date that it is posted. Please keep in mind this information is changing rapidly – it can and likely will change. Some information becomes outdated the same date it posted. Although we will monitor and update this page as new information becomes available, please do not rely solely on this page. We encourage you to contact your De Boer Baumann & Company advisor for the latest information.

Many small businesses are reeling from the impact of the COVID-19 pandemic. De Boer, Baumann & Company is here to help. We have gathered a list of helpful resources for small businesses to turn to during this unprecedented time.

Michigan Economic Development Corporation

Michigan Economic Development Corporation (MEDC) is providing grants and beginning in April 2020.

Grants will be available for up to $10,000. You can find eligibility and details by visiting https://www.michiganbusiness.org/495144/globalassets/documents/covid19/michigan-small-business-relief-program-grants_final.pdf.
Loans will range from $50,000 to $200,000 with interest rates at 0.25% and a length of 60 months. You can find eligibility details by visiting https://www.michiganbusiness.org/494fed/globalassets/documents/covid19/michigan-small-business-relief-program-loans_final.pdf.

Learn more about MEDC’s grants and loans at https://www.michiganbusiness.org/services/access-capital/.

Michigan’s Small Business Relief Program

Michigan’s Small Business Relief Program is still being developed. To stay up to date on the status of this relief program, visit https://www.michiganbusiness.org/covid19/.

Federal Health Resources

The President’s Coronavirus Guidelines for America – A short PDF with information about how each person can do their part to lessen the spread of COVID-19.

The Centers for Disease Control and Prevention (CDC) webpage on COVID-19 – This page is regularly updated and offers a wealth of helpful guides and information, including:

Interim Guidance for Businesses and Employers – Strategies for employers to use now, future planning considerations, tips for creating an Infectious Disease Outbreak Response Plan, and additional links to resources.
Environmental Cleaning and Disinfection Recommendations – Detailed guidelines for cleaning and disinfecting facilities with either suspected or confirmed COVID-19 contamination.
Traveler’s Health Notices – The latest guidelines for travel.

Federal Business Resources

Guidance on Preparing Workplaces for COVID-19 – An in-depth document from the Occupational Safety and Health Administration (OSHA) offering insights on how COVID-19 will likely impact workplaces, directions for reducing workplace exposure risk, and more.

Small Business Guidance & Loan Resources – Assembled by the U.S. Small Business Administration (SBA), this webpage offers a wide variety of helpful information, including:

The Economic Injury Disaster Loan Program – The SBA works with small businesses and non-profits that have been severely impacted by disasters, including the COVID-19 outbreak. The program provides low interest working capital loans.
Search for SBA Local Partners – Discover local assistance initiatives and resource partners near you.
SBA Contracting Guide – Information on aid and assistance for small businesses with federal contracts.

De Boer, Baumann & Company is Here to Help

Do you have any additional questions? Would you like help finding local resources? Please don’t hesitate to reach out to De Boer, Baumann & Company today.