Small Business

SPONSORED BY SMALL BUSINESS ASSOCIATION OF MICHIGAN

A coalition of barber shops, spas and salons today urged Gov. Gretchen Whitmer to allow them to reopen with precautions in place.

 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.

KALAMAZOO — The 121-year-old Continental Linen Services Inc. helps customers keep their workplaces sanitary and clean. 

Blue Cross Blue Shield of Michigan plans to give small businesses and other policyholders rate relief this summer as a result of lower medical claims during the COVID-19 pandemic.

New grant funds by the state and in Kalamazoo, as well as a loan fund in Grand Haven, are the latest efforts to provide relief to small businesses hit hard by the COVID-19 pandemic.

GRAND RAPIDS — Full-service machine shop Grand Rapids Electric Motor Service LLC has been acquired by an individual investor. 

GRAND RAPIDS — Coming off of strong sales in 2019, executives at Sharpe Cars had plans to reinvest capital into the company’s showrooms and facilities. 

GRAND RAPIDS — Music venues across the U.S. are caught in a coronavirus quandary. 

GRAND RAPIDS — In a matter of months, the coronavirus pandemic transformed a Grand Rapids-based independent bookseller’s business model.

FRUITPORT TOWNSHIP — The Meat Block Inc.’s restaurant accounts have taken a big hit due to COVID-19, but the Muskegon-area retail store and online orders have kept the Anderson family busy. 

HUDSONVILLE — Nearly all of Suburban Inns Inc.’s more than 1,000 hotel rooms in West Michigan are sitting empty.

GRAND RAPIDS — Listening to records during the stay-at-home order may seem essential for passionate music lovers, but during this pandemic, vinyl shops have been closed to the public since mid March.

GRAND RAPIDS — Technology firms like Carnevale ID Inc. are designed to react quickly to changes and create new innovations for clients. 

SPRING LAKE — Gary and Michelle Hanks have spent the last nine years building a niche business and bringing a variety of singer-songwriters and rising musicians to Seven Steps Up.

PAW PAW — When clients pivoted, so did Rene Rodriguez. In one instance, an industrial packaging maker in Bangor that serves the auto industry slowed when the pandemic hit, so the company retooled and shifted to design and produce face shields.

GRAND RAPIDS — Last year was “the best year ever” at Local Epicurean LLC, a maker of handmade pasta, sauces and specialty food products. 

GRAND RAPIDS — For the family-owned startup Soldadera Coffee LLC, the COVID-19 crisis has brought an unexpected opportunity.

HOLLAND — The Michigan West Coast Chamber of Commerce created a relief fund to aid small restaurants and retailers in downtown Holland and Zeeland hit financially by the COVID-19 pandemic.

BATTLE CREEK — A grant fund started in the wake of the coronavirus pandemic has expanded to $600,000 and will cover more businesses in the Battle Creek area.

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.

The U.S. Small Business Administration in less than a week approved more than 60,000 loans totaling $5.56 billion under the Paycheck Protection Program for Michigan small businesses affected by the COVID-19 pandemic.

Nearly 200 small businesses in West Michigan that are struggling to survive through the COVID-19 pandemic will receive grant support from the state’s Michigan Small Business Relief Program.

The sheer volume of small businesses that have sought federal relief loans illustrates the depth and scope of the economic pain brought on by the COVID-19 pandemic.

As the owner of longtime downtown Grand Haven retailer Down To Earth, Sholeh Veiseh has turned to hosting virtual fashion shows and offering sales on social media to bring in some revenue during the coronavirus closure.

The U.S. Small Business Administration intends to resume taking loan applications Monday for another round of the Paycheck Protection Program.

Nearly nine in 10 Michigan retailers say their sales declined in March, and about three-quarters expect further decreases over the next three months.

The foundation for the Grand Rapids Area Chamber of Commerce wants to raise another $2 million for an emergency relief fund for small businesses affected by closures from the COVID-19 pandemic.

When looking to get Michigan back to business, the state must answer a variety of questions to assess the risk, according to Gov. Gretchen Whitmer.

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.

Small business owners with multiple entities affected by the coronavirus may be in for a surprise when they go to apply for U.S. Small Business Administration loans. 

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.

Michigan’s loan and grant program for small businesses affected by the coronavirus is now accepting applications, state officials announced today.

BATTLE CREEK — The city of Battle Creek’s economic development agency has doubled its emergency loan fund to $1 million as more small businesses are impacted by the coronavirus. 

Leaders of the Small Business Association of Michigan voiced frustration Wednesday with what they consider a lack of clarity on what businesses can stay open under the governor’s stay-home order this week, as well as how it gets enforced.

Consumers Energy President and CEO Patti Poppe announced this morning she and her husband have made a $1 million personal donation to a new fund supporting small businesses in Jackson, where the utility is headquartered.

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.

The U.S. Small Business Administration has approved a statewide Economic Injury Disaster Loan declaration, unlocking low-interest loans for Michigan small businesses as requested two days ago by Gov. Gretchen Whitmer.

BATTLE CREEK — Battle Creek Unlimited Inc., the economic development arm for the city of Battle Creek, has established a $500,000 emergency small business loan fund in the wake of COVID-19.

The state intends to create two funds totaling $20 million to support grants and low-interest loans to small businesses that had to close or have been disrupted by the coronavirus and COVID-19 pandemic.

The Small Business Association of Michigan has launched a daily webcast today to brief members on the latest developments in the coronavirus pandemic and offer guidance for small businesses.

After extending into Kalamazoo in 2019 and preparing for a Newaygo County location this spring, Tandem365 wants to grow further.

GRAND RAPIDS — A business accelerator in East Lansing wants to extend into Grand Rapids this fall to tap into the local entrepreneurial ecosystem and support more high-tech startups.

Dykstra IT LLC, a provider of fully managed information technology services, recently merged into Quantum Leap Inc., a telecommunications provider.

Backers of legislation that would bar employers in Michigan from requiring certain employees to sign a non-compete agreement say they simply want the free market to work.

Corey Hart returned to Grand Rapids last September to find that support for entrepreneurship and startup companies had grown well beyond what it was when he left for California a decade earlier.

Oswaldo Cordova and Evangelina Abundis opened El Globo Restaurant LLC 14 years ago.

GRAND RAPIDS — The Grand Rapids Area Chamber of Commerce celebrated entrepreneurial, progressive, innovative and collaborative local business leaders at its 10th annual EPIC awards Wednesday evening.

MUSKEGON — The origin of HyVIDA Brands Inc. goes back six or seven years when Rick Smith took a taste of sparkling water.