FINANCIAL RELIEF FOR BARS AND RESTAURANTS

  1. EXPANDED UNEMPLOYMENT BENEFITS

 

Access to benefits for unemployed workers will be extended:

  • Benefits will be increased from 20 to 26 weeks
  • The application eligibility period will be increased from 14 to 28 days
  • The normal in-person registration and work search requirements will be suspended

Eligible employees should apply for unemployment benefits online at Michigan.gov/UIA or
1-866-500-0017. A factsheet on how to apply for benefits can be found here.

Under the order, an employer or employing unit must not be charged for unemployment benefits if their employees become unemployed because of an executive order requiring them to close or limit operations.

The order also expands the State’s Work Share program. Employers are encouraged to implement the program that permits employers to maintain operational productivity during declines in regular business activity instead of laying off workers. More information about Work Share can be found here.

 

  1. EFFORT THROUGH THE SMALL BUSINESS ADMINISTRATION (SBA) TO MAKE LOAN ACCESS AVAILABLE FOR AFFECTED BUSINESSES

 

Now that Governor Whitmer has declared a state of emergency in Michigan, Disaster Loan Assistance can be accessed by starting a disaster loan application at:

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

Affected business should start this process immediately to open a case file with the SBA.

Information on SBA Disaster Loan Assistance:

The Small Business Administration has been ordered to work with States to provide targeted, low-interest disaster recovery loans to small businesses that have been severely impacted by the situation. This means:

– Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. The interest rate is 3.75% for small businesses without credit available elsewhere; businesses with credit available elsewhere are not eligible. The interest rate for non-profits is 2.75%.

– SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years. Terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.

– SBA’s Economic Injury Disaster Loans are just one piece of the expanded focus of the federal government’s coordinated response.

MLBA is working on ways to find other Federal relief to members.