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COVID-19 Resources

AMDG Financial and AMDG Business Advisory Services have been hosting webcasts this week to help our clients and the public understand the funds available as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The CARES Act is the largest economic relief bill in U.S. history, earmarking $2.2 trillion for individuals and businesses affected by COVID-19 and its economic impact.

Since President Trump signed the bill into law on March 27, we have been compiling a variety of resources that help explain the scope of the Act, as well as links to articles that explain how to apply for funds. Here’s a roundup of the various sources we’ve compiled:

New as of May 6, 2020: Updated Guidelines for PPP Loans:

https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf

Recent AMDG Financial Webcasts

Watch the Pre-Recorded Webcast:  The CARES Act: Understanding Unemployment Opportunities

Download the slides from The CARES Act: Understanding Unemployment Opportunities here.

Watch the Pre-Recorded Webcast: The CARES Act for Individuals and Families

Download the slides from The CARES Act for Individuals and Families here.

Watch the Pre-Recorded Webcast: The CARES Act and Your Business

Download the slides from The CARES Act and Your Business here.

H.R. 6201, Families First Coronavirus Response Act

This site provides a summary of the act, and what eligible families can receive: https://appropriations.house.gov/sites/democrats.appropriations.house.gov/files/Families%20First%20summary.pdf

US Treasury Resources

https://home.treasury.gov/policy-issues/top-priorities/cares-act/assistance-for-small-businesses

SBA Disaster Assistance Loans for Michigan Businesses and Nonprofits

For help determining whether your business qualifies for an Economic Injury Disaster Loan, or EIDL, visit: www.michiganbusiness.org/covid19. We understand that this site may be slow because of the traffic it’s receiving right now. When you visit the site, please note that you’ll need to use the search function to find Michigan and Wayne County, because those two do not appear on the first page.

To apply for an Economic Injury Disaster Loan (EIDL), visit: https://disasterloan.sba.gov/ela/

Unemployment Benefits

These links may help you understand the requirements for unemployment and how to navigate the system:

Funding for Michigan’s Small Businesses

https://www.michigan.gov/coronavirus/0,9753,7-406-98158-522285--,00.html?fbclid=IwAR0hxnoZ68a7iHdqKjnxYZcztNgiTBca51eFV1SDptkae8eehILg67X9HbM

https://www.michiganbusiness.org/covid19/?fbclid=IwAR3bV6VQJ5axTuTZcmXC2cv3AyTS2hZx0Tq19hEv9HMJzp2qQQrcbO2XJC0

Michigan Economic Development Corp. Information

The MEDC has a call center available to support businesses looking for assistance. Visit www.michiganbusiness.org or call 888-522-0103. 

Disaster Loan Assistance from the Small Business Administration  

https://disasterloan.sba.gov/ela/Information/PaperForms

Facebook Small Business Grants Program  

https://www.facebook.com/business/grants

If AMDG Financial or AMDG Business Advisory Services can be of assistance, please feel free to contact us, or call 734-737-0866. We would be glad to schedule a virtual meeting with you while Michigan’s shelter-in-place order is in effect.

Click here to view previous news releases from AMDG Financial.

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