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
Available to small businesses located in Jackson County
Up to $5,000
Meant to bridge the gap until federal aid can be accessed
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
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
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
Yelp’s Relief Fund
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**
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