Updated July 28, 2020
Guidance, Resources, Grants and Loans for Businesses Impacted by COVID-19
#SupportDownriver

The SWCRC is providing a review of important guidance, grants, loans, and more resources currently available to members of our Downriver business community who have been impacted by COVID-19. Please follow the SWCRC on Facebook as we provide more information. Be safe and healthy.
Federal Level
CONGRESS PASSES PPP FORGIVENESS REFORM TO INCLUDE 24 WEEKS OF FORGIVABLE OPERATIONAL CAPITAL - GUIDANCE FROM TREASURY ON PPP FORGIVENESS
Paycheck Protection Program Flexibility Act Approved by Congress:  On June 3, 2020, Congress passed and sent to President Trump new reforms to the PPP loan, known as the Paycheck Protection Program Flexibility Act. PPP information is located on the SBA's website  HERE , and the bill can be viewed  HERE .  Provisions within the legislation include funding from the PPP loan being forgivable on qualifying expenses for up to 24 weeks, up from the original 8 week period. Also, the Act  reduces the percentage of a PPP forgivable loan that must be applied toward payroll to 60 percent, down from the original 75 percent. The other 40 percent of the loan can be used on expenses such as mortgage interest, utilities and rent. Further, t he Act will also allow the loan period to be extended. Under the initial plan, the loan would have been a 2-year loan at 1% interest rate. This has been extended to up to 5 years. Further, the Act allows  borrowers to defer the employer share of Social Security taxes (6.2%), regardless of whether the borrower receives forgiveness or not. 50% of deferred Social Security tax would be due in 2021, with the other 50% due in 2022.

US Chamber PPP Loan Forgiveness Guidance: Under the Paycheck Protection Program (PPP), loans may be forgiven if borrowers use the funds to maintain their payrolls and pay other specified expenses.   Click here  to download a step-by-step guide from the U.S. Chamber of Commerce to calculate your loan forgiveness amount, navigate record-keeping requirements, and determine repayment terms on amounts not forgiven. Also, click  HERE  to view the recent step-by-step video guidance from the U.S. Chamber.  Further, the U.S. Chamber of Commerce has launched a new  digital resource center  , providing at a national level industry specific guidelines to reopening and a small business reopening "playbook."

SBA & Treasury Guidance: The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, released an application form for Paycheck Protection Program (PPP) loan forgiveness along with instructions for completing the form. This form is provided for informational purposes. Businesses should consult with their CPA when preparing the PPP loan forgiveness application. View the sample form and instructions  HERE  .  Note: Your lender will have specific documents and instructions for the PPP loan forgiveness application.


PPP Fraud Concerns and Required Certification: In recent weeks, and in response to significant public pressure, the SBA and Treasury have determined that certain companies should not receive the benefits of PPP loans for which they qualified under the law. As a result, the SBA has advised that “all borrowers should review carefully the required certification” that current economic uncertainty makes the loan necessary after taking into account their current business activity and access to other sources of liquidity. As an incentive for companies who are unable to make the good faith certification of necessity to repay the loans, the SBA created a “safe harbor” to provide that borrowers would be deemed to have met the necessity certification requirements if the loans were repaid in full on or before May 7, 2020, and the deadline for the repayment safe harbor was subsequently extended to May 14, 2020. As additional incentive for companies to repay PPP loans during the safe harbor, the federal government has indicated that it will investigate PPP borrowers and may pursue criminal investigations in cases in which certifications on the loan application are determined to be fraudulent. On April 29, 2020, more than one month after the CARES Act was signed into law, the SBA announced that it intends to review (i.e., “audit”) all PPP loans of more than $2M, along with other loans, “as appropriate.” One key motivation for such audits is the government’s view that the benefits of the PPP should not be afforded to companies that have alternative sources of liquidity to fund ongoing operations “in a manner that is not significantly detrimental to the business.”

Borrowers with loans of or under $2 Million: As of May 27, 2020, the U.S. Treasury has released new guidance via FAQ . Under the new FAQ, borrowers of $2 million or less will be deemed to have made in good faith the required certification concerning the necessity of this loan. In Question #46, the FAQ specifically spell out that most businesses with loans below this level are “less likely to have had access to adequate sources of liquidity in the current economic environment than borrowers that obtained larger loans.”

It is important for PPP borrowers to review this new guidance in preparation for loan forgiveness. Potential for Fraud:  For small businesses that borrowed funds under the PPP, if the federal government determines that there has been a false certification, the company or individual signing the certification could face serious civil and, potentially, criminal charges related to this “fraud.”

Documentation of Necessity or Repayment of PPP Loan:  Any business that borrowed PPP loan funds should consider whether, and how, it can document compliance with the CARES Act necessity “certification” requirements. A meaningful review of necessity for PPP loans is recommended for all borrowers, and could prove to be absolutely critical for any borrower that: is publicly traded; is a United States subsidiary of a foreign parent; has access to other sources of liquidity; or is a borrower of more than $2M. Unless the full loan is repaid by May 14, every such borrower should be prepared for an SBA audit of both its PPP loan application, and its uses of PPP loan funds.

*Key source along with Treasury FAQ: Bodman Law article

PPP loan forgiveness guidance on employees refusing offer of work: What happens if you call back laid-off employees and they are reluctant or refuse to return to work?

The Small Business Administration (SBA) and Department of Treasury recently answered this question in their  PPP Frequently Asked Questions . While promising to issue a formal rule, the FAQ states the following:

Question 40: Will a borrower’s PPP loan forgiveness amount (pursuant to section 1106 of the CARES Act and SBA’s implementing rules and guidance) be reduced if the borrower laid off an employee, offered to rehire the same employee, but the employee declined the offer?

Answer: No. As an exercise of the Administrator’s and the Secretary’s authority under Section 1106(d)(6) of the CARES Act to prescribe regulations granting de minimis exemptions from the Act’s limits on loan forgiveness, SBA and Treasury intend to issue an interim final rule excluding laid-off employees whom the borrower offered to rehire (for the same salary/wages and same number of hours) from the CARES Act’s loan forgiveness reduction calculation. The interim final rule will specify that, to qualify for this exception, the borrower must have made a good faith, written offer of rehire, and the employee’s rejection of that offer must be documented by the borrower. Employees and employers should be aware that employees who reject offers of re-employment may forfeit eligibility for continued unemployment compensation.
UPDATED AS OF JUNE 4, 2020: PAYCHECK PROTECTION PROGRAM LOANS (Part of the Federal CARES Act)
A Full Summary of the CARES Act is Located in the Next Section.
Congress has passed bipartisan legislation to provide emergency relief to workers, families, small businesses and distressed industries known as the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). Within the CARES Act, the Paycheck Protection Program loan can be forgivable up to 24 weeks of eligible operational expenses.

New rule on percentage of payroll expenses and loan forgiveness: Congress passed a new law reforming the PPP, now allowing not more than 40% of the forgiven amount of this loan may be for non-payroll costs. Eligible payroll expenses include: salary, wage, commission, or similar compensation; payment of cash tip or equivalent; payment for vacation, parental, family, medical, or sick leave; allowance for dismissal or separation; payment required for the provisions of group health care benefits, including insurance premiums; payment of any retirement benefit; payment of state or local tax assessed on the compensation of the employee.

The program provides small businesses with funds to pay operational expenses such as payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities and can be fully forgiven up to 24 weeks of expenses . Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors—are eligible. Businesses with more than 500 employees are eligible in certain industries. Businesses must submit their application with an SBA approved lending/banking institution (see the information sheet below). A full summary of the CARES Act and the Paycheck Protection Program is located in the "CARES Act Summary" Section on this page. The SWCRC encourages our members to review this section carefully.

APPLY NOW WITH YOUR SBA APPROVED LENDER.
In some cases, banks have "paused" the Paycheck Protection Program loan applications to allow submitted applications time to be processed. Please know that banking institutions have received a record amount of loan applications and it will take time to process submissions. Banks have received more loan applications in a week than what they receive in a year. Businesses should continue to monitor the situation with their SBA approved banking institutions. A sample application is linked below. Note that each lending institution will have a personalized application that will be submitted on their online portal. You should contact your current banking institution that you have a working relationship with and who is SBA approved. Note that there is a funding cap for the Paycheck Protection Program. Starting April 3, 2020, small businesses and sole proprietorships are eligible to apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can with your SBA approved lender/banking institution .
SBA ECONOMIC INJURY DISASTER (EIDL) LOANS
Congress recently passed $310 billion in additional funding for the Paycheck Protection Program, and $60 billion for the SBA's Economic Injury Disaster Loan program. We expect that the new funding will be exhausted quickly as pending applications are processed.

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Program Information

Governor Gretchen Whitmer announced that the U.S. Small Business Administration (SBA) has approved her request for a statewide Economic Injury Disaster Loan (EIDL) declaration, opening the opportunity to small businesses to access low-interest loans from the SBA. Small businesses who have been impacted by COVID-19 seeking loan funding to help with operational expenses will need to apply for loan funding ONLINE . The official link to access the loan application is located HERE.

These funds are not meant to replace lost profit. The funds are designed to be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. Please review the details and qualifications of this loan program HERE.

Small businesses in qualifying areas will be able to access low-interest loans through the SBA, with an interest rate of 3.75% for businesses, and 2.75% for nonprofits. 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. No collateral is required for loans of $25,000 or less. For loans of more than $25,000, general security interest in business assets will be used for collateral instead of real estate.

For additional information or to obtain help preparing the loan application, please contact the Michigan SBA offices in Detroit .

Changes to SBA’s Economic Injury Disaster Loans (EIDLs) under the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) :
• Eligible applicants for an EIDL loan can receive an emergency cash advance of up to $10,000
• Loans can be made based solely on credit scores.
• Loans available to all non-profits, including 501(c )(6)s.
• Loans below $200,000 can be approved without a personal guarantee.
UPDATED JUNE 8: FEDERAL RESERVE MAIN STREET LENDING PROGRAM FOR SMALL AND MID-SIZE BUSINESSES.
The Federal Reserve established the Main Street Lending Program to enhance support for small and mid-sized businesses that were in good financial standing before the crisis by offering loans to companies employing up to 15,000 workers or with revenues of less than $5 billion. Firms seeking Main Street loans must commit to make reasonable efforts to maintain payroll and retain workers. Borrowers must also follow compensation, stock repurchase, and dividend restrictions that apply to direct loan programs under the CARES Act. Businesses that have taken advantage of the Paycheck Protection Program loan (PPP) may also take out Main Street loans. However, unlike loans under the PPP, Main Street Program loans are not forgivable and borrowers will be responsible for up to two percent in origination and facility fees. Borrowers may not use proceeds under the Main Street loan programs to repay or refinance preexisting loans, but must strive to maintain payroll and retain employees during the term of the loan.

The Main Street Program consists of two facilities: the Main Street New Loan Facility (MSNLF) and the Main Street Expanded Loan Facility (MSELF), which have term sheets setting forth basic terms of the loans available. Eligible banks may originate new Main Street loans or use Main Street loans to increase the size of existing loans to businesses. Organizations seeking Main Street loans must commit to make reasonable efforts to maintain payroll and retain workers.

The term sheets are available at the following link.
CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT
(CARES ACT) SUMMARY
Small Businesses

  • Paycheck Protection/Forgiveness For Small Business Loans for Keeping Employees: The bill creates a “paycheck protection program” for small employers, self-employed individuals, and “gig economy” workers, with $350 billion (original amount) to help prevent workers from losing their jobs and small businesses from going under due to economic losses caused by the COVID-19 pandemic.
  • How much can a small business receive? Small businesses can receive their average monthly payroll expenses x 2.5. The “Paycheck Protection Program” would provide 24 weeks (updated June, 2020) of cash-flow assistance through 100 percent federally guaranteed loans to small employers who maintain their payroll during this emergency. If the employer maintains payroll, the portion of the loans used for covered payroll costs, interest on mortgage obligations, rent, and utilities would be forgiven, which would help workers to remain employed and affected small businesses and our economy to recover quickly from this crisis. This proposal would be retroactive to February 15, 2020, to help bring workers who may have already been laid off back onto payrolls.
  • Eligibility: Small businesses as defined by SBA size standards (generally up to 500 employees, but up to 1,500 employees depending on the sector and certain sectors are based on revenue). Businesses in the Accommodation and Food Services Sector (NAICS Code 72) are eligible with up to 500 employees at each location. 501 (c)(3) non-profits with fewer than 500 employees. Sole proprietors, the self-employed, and independent contractors.
  • Regulatory Streamlining: SBA’s standard “no credit elsewhere” test is waived. Loan applications are available through SBA approved lenders. No personal guarantee or collateral required. Lenders defer fees, principal, and interest for no less than 6 months and no more than 1 year.
  • Small Business Contractors Also Get Protection: Federal agencies would be required to extend contract performance periods and promptly pay small business contractors impacted by COVID-19.
  • Debt Relief: For six months, SBA is required to pay all principal, interest and fees on all existing SBA loan products including 7(a), Community Advantage, 504, and Microloan programs for six months.
  • Changes to the current SBA Economic Injury Disaster Loans (EIDLs)
  • Loans can be made based solely on credit scores.
  • Loans available to all non-profits, including 501(c )(6)s.
  • Loans below $200,000 can be approved without a personal guarantee.
  • Borrowers can receive $10,000 cash advances that can be forgiven if spent on paid leave, maintaining payroll, increased costs due to supply chain disruption, mortgage or lease payments, or repaying obligations that cannot be met due to revenue losses. (Updated to $1,000 per qualifying employee up to $10,000.)

Unemployment

  • Includes $250 Billion to Expand Unemployment Benefits: Provides economic relief and support for workers by making a significant investment in unemployment benefits.
  • Unemployment Benefits for More Americans: Makes sure self-employed and independent contractors can receive unemployment during the public health emergency. The bill also includes support to state and local governments and nonprofits so they can pay unemployment to their employees.
  • More Money for a Longer Period for More Workers: Makes benefits more generous by adding a $600/week across-the-board payment increase through the end of July. In addition, for those who need it, the bill provides an additional 13 weeks of benefits beyond what states typically allow.
  • Temporary Provisions: The expansion in unemployment benefits expires at the end of 2020.

Tax

  • Includes Tax Rebate Checks - The Senate bill also includes a one-time tax rebate check of $1,200 per individual and $500 per child for those with a valid social security number. There are no earned income or tax liability requirements to receive these rebate checks. The full rebate amount is available for those with incomes at or below $75,000 for individuals, $112,500 for head of household, and $150,000 for married couples.
  • Provides Another Option for Employers to Keep Connected to Their Employees. Employers of all sizes that face closure orders or suffer economic hardship due to the coronavirus crisis that continue to pay employees that are furloughed may be eligible for a 50% credit on up to $10,000 of wages paid to those employees. This will help workers keep their jobs, help local businesses ride out this storm, and ensure that furloughed workers have jobs to return to.
  • Delays Payroll Tax Payments for Employers: Employers would be able to delay the payment of their 2020 payroll taxes until 2021 and 2022, leading to approximately $300 billion of extra cash flow for businesses.
  • Restores Supports for Businesses Suffering Losses: The bill also allows businesses to carry back losses from 2018, 2019, and 2020 to the previous 5 years, which will allow businesses access to immediate tax refunds.

Distressed Industries

  • Federal Tools to Provide Liquidity: $425 billion for loans, loan guarantees, and investments in support of facilities established by the Fed under 13(3) authority for purpose of providing liquidity to businesses, states, or municipalities through purchasing obligations or other interests directly from issuers of such obligations or other interests.
  • Loans for Major Industry: Direct lending to the following: $50 billion for passenger airlines, $8 billion for cargo airlines, and $17 billion for businesses critical to “maintaining national security.”
EMPLOYEE RETENTION TAX CREDIT GUIDE UNDER THE CARES ACT
The CARES Act created a new employee retention tax credit for employers who are closed, partially closed or experience significant revenue lose due to COVID-19. This new employee retention tax credit is designed to keep furloughed employees on the payroll with a 50% tax credit for the first $10,000 of compensation, including the employer portion of health benefits, for each eligible employee. Businesses who receive a loan through the Paycheck Protection Program are not qualified to take these tax credits. Here is a fact sheet on the new tax credits. Please contact your CPA for guidance.

SWCRC Member CPAs located  HERE .
MANDATORY: UPDATE REQUIRED FOR FEDERAL LABOR LAW POSTERS
There is currently a mandatory update to federal posters in response to the Families First Coronavirus Response Act. During the stay at home order, employers should post it in an intranet or email it to all employees. Once the order is lifted it must be posted through December 31. The Act goes into effect on April 1, 2020.
FAMILIES FIRST CORONAVIRUS RESPONSE ACT GUIDANCE RELEASED
Click HERE to obtain a complimentary recording from a recent webinar to assist job providers with navigating the new Families First Coronavirus Response Act. You will need to register for an account with the Michigan Chamber to access the recording.

Click HERE to download the "FFCRA Employee Rights" Poster.

The Families First Coronavirus Response Act was signed into law by President Trump. The bill provides paid leave and FMLA benefits for employees of businesses and government organizations with fewer than 500 employees. The bill provides for reimbursement by way of refundable tax credits of leave expenses to businesses who meet the criteria.

The U.S. Department of Labor's Wage and Hour Division issued their first level of guidance on how the Families First Coronavirus Response Act (FFCRA) will affect employers and employees. In the text, the DOL makes it clear that they will be issuing further guidance and regulations related to the exemptions for employers with fewer than 50 employees, as well as health care providers—which will we share with you as soon as it becomes available.

The guidance—provided in a  Fact Sheet for Employees , a  Fact Sheet for Employers  and a  Questions and Answers  document—addresses critical questions, such as how an employer must count the number of their employees to determine coverage, how small businesses can obtain an exemption, how to count hours for part-time employees, how to calculate the wages employees are entitled to under this law, and more. 
FACEBOOK SMALL BUSINESS GRANTS NOW AVAILABLE
Facebook is now offering grants for small businesses throughout the world including right here in the Detroit area. The program can provide funding for the following: "Keep your workforce going strong; Help with your rent costs; Connect with more customers; Cover operational costs."

Up to 30,000 eligible small businesses in more than 30 countries where the social media company operates will be able to receive the grant. To be eligible to apply, your business must:

Have between 2 and 50 employees
Have been in business for over a year
Have experienced challenges from COVID-19
Be in or near a location where Facebook operates
State Level
NEW:  MICHIGAN SMALL BUSINESS GRANT MATCHING FUNDS FOR PURCHASE OF SAFETY EQUIPMENT AND TRAINING
The Michigan COVID-19 Safety Grant Program awards small businesses matching funds - up to $10,000 - to decrease the risk of COVID-19 spread through safety and health-related equipment purchased and training in response to COVID-19. The goal of the program is to create a safer and healthier work environment and reduce the risk of exposure to the COVID-19 for Michiganders.

The initial grant application window will be open from Monday, July 27 through Friday, August 7, 2020, with awards given shortly thereafter.
 
The application can be found at the following link on the page under "COVID-19 Safety Grants."
NEW: ADDITIONAL $100 MILLION IN GRANT FUNDING PASSED BY THE MI LEGISLATURE FOR THE MEDC SMALL BUSINESS RESTART PROGRAM
The Michigan legislature set aside $100 million of federal stimulus money to be used for small business startup grants. Applications will be available starting July 15th. 

In Wayne County, over $15.5 million in funding will be distributed through the Detroit Economic Growth Corporation. Businesses and nonprofits with 50 or fewer employees, worldwide, located in Michigan who have NOT received a grant under the Michigan Small Business Relief Program (MSBRP) are eligible to apply. Businesses must also demonstrate the following:
  • Part of an industry or nonprofit that can demonstrate it has been impacted by the COVID-19 emergency
  • Needs working capital to support payroll expenses, rent, mortgage payments, utility expenses or other similar expenses
  • Demonstrates an income loss as result of the COVID-19 emergency as determined by the Michigan Strategic Fund (MSF).
There will be a single, statewide application for the Michigan Small Business Restart Program that will open on July 15, 2020 and run through August 5, 2020 . Applicants can apply for up to $20,000 in grant funds. 
UPDATED WEBINARS AVAILABLE: WEBINARS AND SEMINARS TO ASSIST THE BUSINESS COMMUNITY WITH NEW LAWS AND EXECUTIVE ORDERS
There are several webinars with our key partners at the SBA, SCORE, US Chamber, Michigan Chamber and more that are being made available to help our business community navigate business operations and the many new laws and executive orders coming out. Please follow the SWCRC on Facebook as we post these opportunities for Downriver entrepreneurs and job providers.

The Southern Wayne County Regional Chamber is very grateful for our friends and key partners at the Michigan Chamber of Commerce, who have now made all COVID-19 related resources available to our membership FREE OF CHARGE for the time being. In this crises we must all come together and we thank the Michigan Chamber for their tremendous leadership and partnership. Businesses will be required to create an account to login to these resources. Complimentary webinars are now available to our membership covering the following topics:



Sweatpants and Laptops: Dealing with Remote Work and Legal Concerns

What Employers Need to Know about Families First Coronavirus Response Act

Unemployment Benefits During COVID-19
EXECUTIVE ORDER ISSUED RELATING TO EMPLOYEES UNABLE TO WORK AS A RESULT OF COVID-19 SYMPTOMS OR EXPOSURE
Governor Whitmer has issued a new executive order prohibiting an employer from disciplining or discharging an employee who is unable to work due to exhibiting coronavirus symptoms or has been in close contact with someone with one or more of the main coronavirus symptoms as described within the executive order. The employee must remain home while experiencing these symptoms and for at least 3 days following the resolving of symptoms, or at least 7 days since experiencing the first symptom. For employees having been in close contact with an individual presenting symptoms, the employee must remain home for a period of 14 days or until receiving a negative COVID-19 test result. Paid sick leave and FMLA provisions under the Families First Coronavirus Response Act must be followed by employers. If an employee has exhausted all paid sick leave, unpaid sick leave is permitted under this executive order. There are industry exclusions to this policy. Specific guidance and instruction on when an employee is able to be called back to work for essential purposes are within the order. The order does not prohibit discipline if an employee is able to return back to work and refuses to do so under the guidance of the executive order. Especially for current operating essential businesses, this executive order should be reviewed and understood by employers.
EMPLOYERS CONTEMPLATING POTENTIAL LAYOFFS
The State of Michigan and Michigan Department of Labor & Economic Opportunity Director Jeff Donofrio have provided critical guidance to employers contemplating potential layoffs.

The SWCRC is recommending our members and employers if possible to consider temporary leave, rather than terminations. The State has also sent out a very important message urging the same. This notice also provides specific guidelines for employers placing talent on temporary unpaid leave.
UNEMPLOYMENT INSURANCE FOR EMPLOYEES AND EMPLOYERS IMPACTED BY COVID-19 AND EXECUTIVE ORDER CLOSURES:
Work Share Program – The Governor’s Unemployment Insurance (UI) Executive Order expands the State’s Work Share program. With the plan, rather than being laid off, eligible employees work a reduced number of hours in the work week and receive a portion of weekly unemployment benefits. Employers are encouraged to implement the program that permits employers to maintain operational productivity during declines in regular business activity instead of laying off workers. More information and guidance about Work Share can be found HERE.

It’s important to note that the Executive Order (EO) now allows all employers to take advantage of the program, regardless of whether the employer’s reserve in the employer’s experience account as of the most recent computation date preceding the date of the employer’s application is a positive number.

Unemployment Benefits – Eligibility has been expanded for those impacted by COVID-19 during this crises. Eligible employees should apply for unemployment benefits online at Michigan.gov/UIA or 1-866-500-0017. Further guidance has been released on when applicants should file (found by clicking the "Access Your MiWAM Account" button below). A factsheet on how to apply for benefits for those impacted by the COVID-19 pandemic can be found HERE.

Additional unemployment resources for employees can be found HERE.

The Governor issued Executive Order 2020-76 as of May 6, 2020 , rescinding EO 2020-57 addressing unemployment insurance. The new order reaffirms the action of Executive Order 2020-10 and 2020-24 and 57, and strengthens its expansion of eligibility for unemployment benefits and cost-sharing with employers. A ccording to the Executive Order, there is no UI charged to the employer. " Any benefit paid to a claimant that is laid off or placed on a leave of absence must not be charged to the account of the employer(s) who otherwise would have been charged but instead must be charged to the Unemployment Insurance Agency’s non-chargeable account."
ADDITIONAL MEDC CAPITAL RESOURCES
The Michigan Economic Development Corporation’s (MEDC) call center stands ready to support businesses looking for assistance through other available state programs. For more information, visit MEDC’s  website  or call 888.522.0103. The Michigan Small Business Development Center can also provide resources for small businesses impacted by COVID-19. Visit their  website  for additional information.
County / Local Level
ROUND 2 NOW OPEN - APPLY NOW:   WAYNE COUNTY ANNOUNCES $50 MILLION SMALL BUSINESS OPERATIONAL CAPITAL GRANT PROGRAM - UP TO $10K IN GRANT FUNDING
Wayne County has announced a new grant program for brick and mortar small businesses throughout the County. The program, using funding from the federal CARES Act, has a total fund of $50 million, and provides small businesses up to $10,000 of operational capital. Some of the requirements of the program include: 1) the business must have been in operation for at least 1 year; 2) The business must have no more than $1 million in revenue and fewer than 50 FTE employees; 3) the business must be in good standing with the Michigan Department of Licensing and Regulatory Affairs. The County hopes to assist 5,000+ businesses through this program.

Round 2 applications for the program are now being accepted. Applications will be processed in batches on a first-come, first-served basis.
TCF, WAYNE COUNTY COMMIT FUNDING FOR OUT-COUNTY SMALL BUSINESSES WITH LOW-INTEREST (0-2%) LOAN FUND
TCF Financial Corp. and Wayne County are committing funding from their recently announced low-interest loan fund for Out-County small businesses to borrow money to sustain their operations during the coronavirus-related shutdowns. Under the program, small businesses in Wayne County can apply for working capital loans ranging from $5,000 to $50,000 from Detroit-based TCF Bank that can be used for payroll, rent and utilities.

The criteria for the loans includes showing a 25 percent or more loss in revenue as a result of the economic upheaval from the coronavirus outbreak, said Gary Torgow, executive chairman of TCF Financial Corp.

Interest rates for the loans will range from zero to 2 percent and will be interest-only for the first six months, County Executive Warren Evans said.
WAYNE COUNTY COVID-19 HOTLINE
The Information Center has been partnering with Wayne County Health, Human Services and Veteran’s Services Department to provide the Wayne County COVID-19 Hotline (734) 287-7870.

The Information Center has been working with Wayne County to respond to needs for up-to-date and accurate information about COVID -19 and related important information from Wayne County for Wayne County residents and businesses.