• Lally Group

COVID-19 Relief Funding Opportunities



The Lally Group team is dedicated to providing our clients with trusted service for a confident tomorrow. We recognize that the current economic conditions resulting from COVID-19 may have a significant impact on the business you are working hard to grow. Below is a list of resources that may provide the relief your business needs to sustain operations in the near future. Please contact us for more detailed information or assistance.


Grants


Dream Maker Small Business Emergency Relief Fund

  • Available to small businesses located in Jackson County

  • Up to $5,000

  • Meant to bridge the gap until federal aid can be accessed


Michigan Small Business Relief Program

  • Funds expected to be available by April 1, 2020

  • Apply Here

  • Up to $10,000

  • Working capital to support payroll, rent, mortgage payments, utilities, or similar expenses


Loans


Michigan Small Business Relief Program

  • Funds expected to be available by April 1, 2020

  • Apply Here

  • Loans of between $50,000-$200,000 with interest of 0.25%

  • Working capital to support payroll, rent, mortgage payments, utilities, or similar expenses


SBA Economic Injury Disaster Loans

  • Available to businesses and private non-profits

  • Up to $2 million loan with interest rate of 3.75%

  • Funds may be used to pay fixed debts, payroll, accounts payable, and other bills that can’t be paid because of the disaster’s impact

  • May be eligible for a $10,000 grant upon application


SBA Paycheck Protection Plan Loans


  • Established under the CARES Act. Application Process still being developed.

  • Available to small businesses and 501(c)(3) organizations with fewer than 500 employees, sole proprietors, independent contractors, self-employed individuals, and more

  • Funds may be used for payroll support (including cash tips), sick and medical leave, insurance premiums, mortgage and rent payments, and utilities

  • Capped at greater of $10 million or 2.5x the borrower’s average monthly payroll cost

  • Up to 100% of the loan may be forgivable if business retains employees and maintains wages relative to prior year


Other Private Grant Opportunities


Extended Tax Due Dates Federal government and State of Michigan have moved Tax Day from April 15 to July 15


We’re here to help. Contact us today to learn more!

**Information provided as of March 30, 2020. For the latest updates or any changes to the information above, please contact us directly**

Need more details? Contact us!
We are here to help. Contact us by phone, email or via our social media channels.

Jackson & Lansing Michigan

© 2019 Lally Group, PC  All Rights Reserved.