Funding / Financial Relief Resources

Business Relief Grants, Loans and Financial Resources


Open Grant Opportunities: 

City of Port Huron COVID-19 Small Business Relief Grant - Applications close October 2 @ 5PM

The City of Port Huron Small Business COVID-19 Relief Grant Program, administered by the Economic Development Alliance (EDA) of St. Clair County, is a grant program designed to address economic hardships experienced by small businesses as a result of the COVID-19 pandemic. The program’s goals are retaining jobs for low to moderate income people, and stabilizing local businesses. The program provides short-term working capital assistance to eligible City of Port Huron businesses that have lost revenue or are at-risk of layoff(s) or closure due to COVID-19.  This grant is intended to enable the viability of the business and the retention of current jobs during the interruption of business related to the impact of the COVID-19 pandemic.

The City of Port Huron Small Business COVID-19 relief grant program will help for-profit businesses with a grant of $5,000 per brick and mortar business.   A $75,000 fund established will allow grant funding for fifteen eligible businesses.  Applications will be accepted beginning Tuesday, September 15 and ending at 5 PM on Thursday, October 2.  

If your business is outside the boundaries of the City of Port Huron, then your business will not qualify for this grant opportunity.  For example, if your business mailing address is Port Huron (48060), but your business is physically located in Port Huron Township (outside the city limits) then your business would not be eligible for this City of Port Huron CDBG COVID-19 funding opportunity.    

To learn more about grant eligibility requirements, scoring and/or to submit your application: 

Grant Details / Application Link:  https://forms.gle/ybRAUufBwwqzeQJx6
 

Michigan Entrepreneur Reslience Fund for Geographically / Economically Disadvantaged areas.
These grants or loans are applicable to HUBZone and Opportunity Zone areas (portions of Port Huron / Port Huron Twp. are eligible)

With the generous support of MEDC, NEI, Michigan-based foundations, corporate partners, individual donors, and in collaboration with the SBA, the Michigan Entrepreneur Resilience Fund has secured funds to provide recovery grants and loans to diverse entrepreneurs and small businesses from underrepresented groups in Michigan. This fund is intended to assist geographically and demographically disadvantaged individuals.

The Michigan Entrepreneur Resilience Fund will provide two primary avenues of funding:

Grants: $1,000 – $5,000 grants to assist with reopening or pivoting your business.

Microloans: $5,000 – $10,000 loans with a 1-3 year repayment period. Loans are fixed rate (8%), fully amortizing, term loans.

To learn more visit:  Michigan Entrepreneur Resilience Fund

Economic Injury Disaster Loans - This loan provides economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue. In response to the Coronavirus (COVID-19) pandemic, small business owners, including agricultural businesses, and nonprofit organizations in all U.S. states, Washington D.C., and territories can apply for an Economic Injury Disaster Loan. The EIDL program is designed to provide economic relief to businesses that are currently experiencing a temporary loss of revenue due to coronavirus (COVID-19).  Apply here


Expired Grant Opportunities: 

EIDL Advance: NO LONGER AVAILABLE

EIDL Advance was a grant program offered together with the economic injury loan program.  The amount of the grant was determined by the number of employees indicated on the EIDL application: $1,000/employee, up to a maximum of $10,000.

Michigan Small Business Restart Grant Program - Applications CLOSED
In response to the economic impact of COVID-19, the State of Michigan allocated $100 million of CARES Act funding to implement the Michigan Small Business Restart Program to support the needs of Michigan businesses directly impacted by COVID-19. The application for businesses to apply for funding closed on Wednesday, July 15, 2020. St. Clair County applicants were invited to apply for grants in the range of $5,000 to $20,000 for the following Eligible Expenditures

Community Foundation Minority and Women-Owned COVID-19 Relief Small Business Grants (GRANT IS NOW CLOSED)
The Economic Development Alliance of St. Clair County collaborated with the  Community Foundation of St. Clair County  on a grant program specifically for minority and wowen-owned businesses affected by COVID-19. A $25,000 Fund was established to provide small business relief to minority and women-owned businesses in St. Clair County, MI.  Applications closed May 20. 

Paycheck Protection Program closed August 8, 2020

Michigan Small Business Relief Program -Applications closed / Click HERE to view a list of small business relief grant recipients  

The program will be used to provide low-interest loans to support certain small businesses that have realized a significant financial hardship as a result of the COVID-19 pandemic. Loans to eligible borrowers must be a minimum $50,000 and are capped at $200,000.


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