Helping small businesses in Kalamazoo.

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Apply or request an increase for federal relief COVID19 EIDL funds

December 7, 2021 @ 11:00 am - 12:00 pm EST

Apply for COVID-19 EIDL or request an increase by the December 31, 2021 deadline.

About this event

Small businesses impacted by low sales or increased business debts due to the COVID-19 pandemic have until December 31 to get their applications in for the COVID-19 Economic Injury Disaster Loan (EIDL) program through the U.S. Small Business Administration (SBA).

The COVID-19 EIDL has a low 3.75% fixed interest rate and 30-year repayment term that’s available for owners with a minimum 570 credit score. Join Small Business Majority, Chicago Minority Supplier Development Council, and Illinois District Office, US Small Business Administration to learn about how you can access these funds or request an increase if you have already received a COVID-19 EIDL.

Topics include:

  • How this value-based loan benefits small business owners use for payroll, working capital, payment of commercial or federal debt, and payment of other cost expenses.
  • Understanding the difference between requesting an increase on an existing COVID-19 EIDL loan versus re-applying.
  • How the federal Employee Retention Credit (ERC) could help with cash flow.

Details

Date:
December 7, 2021
Time:
11:00 am - 12:00 pm EST
Event Category:
Website:
https://www.eventbrite.com/e/apply-or-request-an-increase-for-federal-relief-covid19-eidl-funds-registration-216602232107

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Congratulations to Gregory Shelton of Grand Unique Laundry for receiving his first loan through Northern Initiatives. With help from his SCORE mentor, Cheri Bales, Gregory did a fantastic job on developing his business plan and showing real entrepreneurial spirit. We wish you much success, and look forward to your upward movement. You are a wonderful role model.

—Gregory Shelton of Grand Unique Laundry

I appreciate your ears for listening, your eyes that see my vision and your heart that makes you who you are.  I thank you for your time. You are making a difference.

—Shawntel Lindsey, Director, The Artbor Community Connections Center

The WMed Innovation Center is a perfect environment for innovation to grow and become a successful commercial enterprise.

—Client

WMU Business Connection logo

Whether you are seeking a research partner or want to enlist the help of student groups in developing business plans, or just looking for ways to engage with WMU, the Business Connection office can find the resource to help move your business forward.

—Mentor

A loan (from Local Initiatives Support Corporation) helped expand our cafe to triple our seating, add a kids space, increase much needed staff work areas, and make other improvements to the space.

—Krystal

MEL logo

The Michigan eLibrary (MeL) is the State of Michigan’s digital library. It has excellent resources available to Michigan residents at no cost.

—Owner

Western Michigan University’s Starting Gate helped me take an idea and transform it into a much more attainable reality. Whether providing talks with investors and business owners or accountability, the ultimate goal is helping your business succeed.

—Peter Shutt

Kalamazoo County Land Bank logo

The Kalamazoo Land Bank did robust community engagement around the vision and gave us something to work with that was solidly desired by people in the neighborhood. Having a vision meant we had to protect it. That’s something I thank the Land Bank for. It was difficult. It didn’t make anything faster or easier, but we got a better project in the end as a result of it.

—Matt Hollander

Buy Local logo

Buy Local Greater Kalamazoo is a hard working grassroots group focused on the greater Kalamazoo community and its small businesses. Their events and networking opportunities are the best!

—Cheri Bales

SBDC logo

Michigan SBDC is a great company providing top notch service to local businesses all over Michigan. The consultants are professional and the student workers contribute with excellent work!

—Martin Herman Sorensen

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