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COVID-19 Resoures

Forsberg is doing its best to keep up with ever changing landscape we are all facing at this time.  Our primary concern is the safety of our community.  We have aggregated this list of resources to help our region as we all face this together.

Coronavirus Disease 2019 (COVID-19)

 

Resources for Michigan Businesses During COVID-19

Michigan Economic Development Corporation

 

Finalized Federal Stimulus Package

  • Summary of Appropriations:

 https://www.appropriations.senate.gov/imo/media/doc/Coronavirus%20Supplemental%20Appropriations%20Summary_FINAL.pdf

  • Section by Section Summary (more readable than actual bill text): 

 https://www.help.senate.gov/imo/media/doc/CARES%20Section-by-Section%20FINAL.PDF

 

Webinars by HBA

The HBA Lansing is setting up a series of Webinars to help our members and the companies that support them navigate the current Business Climate. The first one is in the next couple of days will be regarding unemployment options and potential funding options.
 
First, if you feel this would be helpful, reach out to Brent Forsberg or Cindy Kosloski.  Second, if you are  a subject matter expert willing to share your knowledge please let us know. This is not a sales tool, we are looking for experts willing to share information about the overall conditions and options.
 
This will end. It is up to us to make sure we are ready to get our region back to work. The focus of these will be best practices by you and your peers to help minimize the economic impact on our local companies. More on this soon!
 

 

Small Business Emergency Loan/Grants

  • SBA Disaster Loan Application – Webinar Update (March 26, 2020)

1.           New access to online application:  sba.gov/disaster

2.           Estimate 30 days from application to funding

3.           New site—-fillable pdfs, download, complete, save to desktop, sign, upload through box on sba.gov/disaster

4.           If in doubt, apply and let loan officer assist client with what is needed or further questions

5.           As of today, dropped credit score/worthiness requirement

6.           As of today, dropped credit elsewhere questions, don’t have to prove denials

7.           Applicant does not request an amount,  describe to clients as an application for credit card—client applies, SBA decides the amount based on info client submitted and SBA will notify client

8.           There is a process for reconsideration if client feels they need a different amount

9.           Eleven month payment deferral—first payment due in month 12 after date of signing promissory note

10.         If denied SBA loan, can ask for reconsideration and have 6 months to do so

11.         No known minimum for $ approved

12.         Client will get call from LO if more info needed.  Otherwise, client will get approval notice with amount or denied communication

13.         Having other conventional SBA loans, does make clients ineligible for disaster loan

14.         Loans processed in order received

15.         Additional forms on sba.gov/disaster.  Clients can send with submission or wait to see if requested by LO

16.         Complete SBA form P-019 with app

 

Restaurants still doing takeout Resource

These are updated regularly, here is a link to all known open restaurants and whether or not they are doing delivery in Greater Lansing Area.

https://www.saddlebackbbq.com/lansing-restaurants-open-during-coronavirus-covid-19

 

 

Resource Links

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517.349.9330 (phone) | 517.349.7131 (fax)
2422 Jolly Road, Suite 200, Okemos, MI, 48864

517.349.9330 (phone) | 517.349.7131 (fax)
2422 Jolly Road, Suite 200, Okemos, MI, 48864