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Economic Relief for Small Businesses

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March 20, 2020
Dear WBC/Microloan Client,
 
We know that this is a difficult time for our small business community. Cornerstone Alliance is committed to providing our local business owners with reliable, up-to-date information about available economic relief during the COVID-19 pandemic.
 
We were informed this morning that Berrien and Cass Counties have been declared as disaster areas. This means that small businesses and private non-profits located in these counties are now eligible for financial assistance up to $2 million dollars under the SBA Economic Injury Disaster Loan (EIDL) program. For additional information and to apply, visit https://disasterloan.sba.gov/ela/.
 
Additionally, Cornerstone Alliance is an SBA intermediary that provides microloan funding for small businesses. Microloans are available for $500 to $50,000 to businesses located in Berrien, Cass, and Van Buren Counties. Microloans can be combined with the SBA EIDL loan program. If you have an existing microloan, you may be eligible for additional financial assistance under the microloan program. For more information about the microloan program, visit https://www.cornerstonewbc.com/services/access-to-capital or contact Dubelsa Mata-Garcia at dmata@cstonealliance.org
 
If you have an existing microloan and you are having a hardship due to the COVID-19 pandemic, you may be eligible for payment relief. Complete the following survey to submit your request: https://conta.cc/3dfI2EE.
 
Should you require additional information or assistance in applying for the SBA EIDL or microloan programs, please contact Margaret Adams at madams@cstonealliance.org or Dubelsa Mata-Garcia at dmata@cstonealliance.org.
 
For up to date information, visit us at www.gomichigan.com or on Facebook at https://www.facebook.com/CornerstoneAlliance.
 
 
A Statement from Cornerstone Alliance
“Cornerstone Alliance has created a task force to connect local businesses with resources that will be made available by the state and federal government. We are working with Congressman Fred Upton, the Small Business Administration (SBA) and other elected officials to understand the tools available to help small businesses navigate the economic impact of the COVID-19 pandemic. It is our priority to work with these groups to assist local businesses with immediate needs. Moving forward, information and updates regarding available resources will be posted to our website at GoMichigan.com as well as the Cornerstone Alliance Twitter feed and Facebook page.”
- Stephanie Scott-Sims, Director of Entrepreneurship and Placemaking