Covid-19: Updates and Resources
Last Update October 18, 2020
First and foremost, to our small business owners, we want to say - we got you. We know the current restrictions related to COVID-19 affect our small business partners more than any other industry in the State. We promise you are not alone. Here at Accounting Aid Academy, like you, we have spent the last three weeks assessing pivot points and re-tooling our offerings and the ways we work in order to best serve our clients during this crisis. At this time, we are working to deploy additional technology and capacity in order to continue to serve you remotely. Not only will these changes allow us to continue to meet small businesses where you are now, but will also expand access and capacity as this crisis abates which we intend to put to work for YOU.
Below, you will find additional information, tools and resources specific to small business. This landscape is in constant flux at the moment, so we encourage you to check back frequently. We will be updating this page as information evolves, as well as adding new resources in the coming weeks, such as Instagram Live updates, workshops and a detailed blog where we walk you through the various loan programs and others currently taking shape across the region.
In the meantime, we remain here in the trenches, right alongside you. If you'd like more info or to speak with one of our business analysts directly, please contact us online or via email at: email@example.com.
WAYS WE CAN HELP YOU
Tax Services -Tax filing for single member, rental income (Schedule E), 1099 and Partnership entities.
One-on-one Business Coaching - Individual coaching on topics such as accounting systems, financial systems, grant/loan preparation, federal or sales taxes and methods to increase revenue.
Interested in becoming an Accounting Aid Academy annual member? Click here to learn more about membership benefits and services. Click here to sign up.
GRANT AND LOAN OPPORTUNITIES
Updated as they develop
- Detroit Means Business online resource hub, inclusive of financial resources, reopening resources, and technical assistance.
- Detroit’s COVID-19 Small Business PlayBook outlines a model policy with 6 elements for developing a ‘Covid-19 Safe Work Plan.’
- SCORE’s Small Business Storefront Reopening Checklist.
- Michigan Community Resources’ (MCR) COVID-19 Nonprofit and Small Business Legal Clinic provides Detroit’s nonprofits, small businesses and entrepreneurs with free, remote legal advice . MCR has over 50 attorneys representing a range of specialties, including those who are ready to counsel on PPP and EIDL compliance. Organizations can request an appointment by filling out this form. For additional questions, please contact (313) 962 - 3171 ext. 101 or firstname.lastname@example.org
DTE Energy’s Personalized Service Protection program - DTE is assisting business customers experiencing financial hardship to ensure they can retain the energy services they need during the COVID-19 crisis Businesses are encouraged to contact DTE at 855.383.4249 to explore options for help, and visit their COVID-19 response page for more information, tips and resources
Oakland County’s business center is offering free virtual business counseling (for Oakland County based businesses only). Make a counseling request here.
The Woodward Movement is providing an online platform for small business owners to sell merchandise during the COVID-19 shelter in place order. If you’d like to participate in the marketplace, click here to sign up.
The Michigan COVID-19 Pandemic Resource Guide provides information programs aimed at supporting Michigan residents during the coronavirus pandemic.
The New Economy Initiative (NEI) provides additional online resources, tools, and information for small business owners on their StartUp Space website.
PAYCHECK PROTECTION PROGRAM INFORMATION & RESOURCES
The Paycheck Protection Program (PPP) closed August 8, 2020. As such, the Small Business Administration (SBA) is no longer accepting PPP applications from participating lenders.
Oklahoma State Bank (for-profits only) - accepting non-customers nationally. Contact Jim Canton at email@example.com.
Kabbage (for-profits only) - accepting non-customers nationally.
Harvest (for-profits only) - accepting non-customers nationally. Minimum loan amount of $20,000, minimum annual payroll or 1099 of $96,000.
IFF (non-profits only) - accepting non-customers in the following states: IA, IL, IN, KS, MI, MO, MN, OH, WI and Northern KY. Complete intake form here for an IFF representative to contact you.
Community Reinvestment Fund (for-profits only) - accepting non-customers nationally. Contact Joy DeFrance at JoyD@ApparatusSolutionsInc.com or Paul Trulik at PaulT@ApparatusSolutionInc.com. See page 2 of this document for additional instructions.