After approving more loans in six weeks than during the prior nearly 60 years combined, the U.S. Small Business Administration now looks to provide debt forgiveness to borrowers.

Published in Small Business
Sunday, 24 May 2020 18:50

Reporter's Notebook: Banker beware

In a recent conference call, the president and CEO of Detroit-based TCF Financial Corp. — the parent company of what remains known in Michigan as Chemical Bank — voiced a simple ethic that all businesses, no matter their industry or their size, must keep in mind in the COVID-19 pandemic.

Published in Finance

The second round of the U.S. Small Business Administration’s Paycheck Protection Program has seen more loans approved for lesser amounts, an indication that smaller businesses are getting assistance.

Published in Small Business

BELLAIRE — Short’s Brewing Co. has received a roughly $1 million loan through the U.S. Small Business Administration to help offset the impacts of the coronavirus, company officials told MiBiz today.

Published in Food/Agribusiness

The U.S. Small Business Administration approved relief loans totaling $10.38 billion for nearly 43,500 small companies in Michigan before running out of money.

Published in Small Business

Huntington Bank has temporarily stopped taking application from companies seeking a U.S. Small Business Administration loan to get them through the economic hardship caused by the COVID-19 pandemic.

Published in Finance

The historic $2 trillion federal economic stimulus bill signed into law Friday contains $350 billion in loans for small businesses that could transition into grants.

Published in Small Business

Gov. Gretchen Whitmer and federal lawmakers have taken a variety of steps to help businesses and employees navigate the short-term harm posed by the coronavirus. 

Published in Economic Development

The U.S. Small Business Administration promises to decide as quickly as possible on loan applications from small businesses hurt by the coronavirus and COVID-19 pandemic.

Published in Small Business

Business organizations are offering plenty of advice and information to employers about the coronavirus pandemic and how to manage through the crisis.

Published in Economic Development
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