Shiawassee Regional Chamber of Commerce

  • Home
  • 2025 Annual Chamber Golf
    • 2025 Golf Registration
    • WAYS TO WIN & PRIZES
  • INSPIRED WOMEN NETWORK
  • Events & News
    • Project 123 Go
    • 2024 SRCC NEWSLETTERS
    • News
    • Events >
      • 2025 ANNUAL DINNER
      • Past Award Recipients
      • Past Annual Dinner Photos & Videos
      • CHAMBER 5:01
      • Chamber AM
    • Submit Your Event
    • Chamber Calendar
    • Volunteer Opportunities
    • Visit
    • Live & Work
  • Membership
    • Membership Levels
    • 2025 Membership & Marketing Package
    • Benefits of Membership
    • Member Advantage
    • Nonprofit, Home Based & 2nd Business Membership Application
    • Membership Application
    • Member Login
    • Work On Your Business
  • JOB BOARD
  • About the Chamber
    • Ribbon Cuttings
    • Our Team
    • Board of Directors
    • Committees
    • History
    • Past Award Recipients
    • Ambassadors
    • Contact
  • Business Directory
  • MI CHAMBER
    • 2024 Labor Law Posters
    • CONNECT
    • EMPLOYMENT LAW POSTERS & PUBLICATIONS
    • UTILITY BILL REVIEW
    • MiMEP 401K PLAN
    • UNEMPLOYMENT INSURANCE ASSISTANCE
    • CERTIFY MICHIGAN
    • EMPLOYMENT LAW ASSISTANCE
  • Home
  • 2025 Annual Chamber Golf
    • 2025 Golf Registration
    • WAYS TO WIN & PRIZES
  • INSPIRED WOMEN NETWORK
  • Events & News
    • Project 123 Go
    • 2024 SRCC NEWSLETTERS
    • News
    • Events >
      • 2025 ANNUAL DINNER
      • Past Award Recipients
      • Past Annual Dinner Photos & Videos
      • CHAMBER 5:01
      • Chamber AM
    • Submit Your Event
    • Chamber Calendar
    • Volunteer Opportunities
    • Visit
    • Live & Work
  • Membership
    • Membership Levels
    • 2025 Membership & Marketing Package
    • Benefits of Membership
    • Member Advantage
    • Nonprofit, Home Based & 2nd Business Membership Application
    • Membership Application
    • Member Login
    • Work On Your Business
  • JOB BOARD
  • About the Chamber
    • Ribbon Cuttings
    • Our Team
    • Board of Directors
    • Committees
    • History
    • Past Award Recipients
    • Ambassadors
    • Contact
  • Business Directory
  • MI CHAMBER
    • 2024 Labor Law Posters
    • CONNECT
    • EMPLOYMENT LAW POSTERS & PUBLICATIONS
    • UTILITY BILL REVIEW
    • MiMEP 401K PLAN
    • UNEMPLOYMENT INSURANCE ASSISTANCE
    • CERTIFY MICHIGAN
    • EMPLOYMENT LAW ASSISTANCE


​Shiawassee County business relief
loan program

Picture
Picture
Picture
Michigan Small Business Relief Program - Loan
​

The program will be used to provide low-interest loans to support certain small businesses that have realized a significant financial hardship as a result of the COVID-19 pandemic. Loans to eligible borrowers must be a minimum $50,000 and are capped at $200,000. Loans provided under the program may include the following terms:
  • Interest Rate: .25% per annum
  • Draw Period: 24 months following loan closing.
  • Term: Interest only for 60 months following loan closing followed by a fully amortizing 60 month
  • term.
  • Repayment Terms: Anticipated to be monthly interest only payments for the first 60 month of following closing. Payments made in excess of interest due will be applied to principal. Payments of principal and interest will begin at 61 months following closing and will be paid monthly with all principal due to be repaid no later than 120 months following closing.
In order to qualify for loan support, businesses must meet the following criteria:
  • The company is in an industry outlined in Executive Order 2020-9, or any subsequent Executive Order of similar intent (“EO”), or demonstrates it is otherwise affected by the COVID-19 outbreak, or is a company that provides goods and services to companies to the aforementioned;
  • The company has fewer than 100 employees;
  • The company needs working capital to support payroll expenses, rent, mortgage payments, utility expenses, or other similar expenses that occur in the ordinary course of business;
  • The company can demonstrate that it is unable to access credit through alternative sources;
  • The company can demonstrate an income loss of as a result of Executive Order 2020-9.

DOWNLOAD THE APPLICATION HERE:

mismallbizreliefprogramapp.xlsx
File Size: 52 kb
File Type: xlsx
Download File

IMPORTANT: The downloadable application above is an Excel file that contains TWO separate tabs which must be completed for submission. These tabs are labeled "Qualification" and "Application".
Picture

Return the completed application as an attachment by
April 1st to:
​[email protected]
Email Questions to [email protected]

Copyright Shiawassee Regional Chamber of Commerce.
All Rights Reserved.

215 N. Water Street, Suite 204 Owosso, MI 48867
Phone: (989) 723-5149 
​ [email protected] | sitemap
MemberClicks