January 30, 2021
By Mike Kruzman / news@whmi.com
8th District Congresswoman Elissa Slotkin talked business loans, future relief programs, and vaccines during a recent webinar.
The Holly Democrat participated in Fridayâs event that was hosted by the Livingston County Chamber Alliance. She opened up addressing the state of the economy and where we are going with COVID relief packages.
Slotkin encouraged business owners to talk with their banks about the newest round of PPP loans. This round is different from last yearâs wherein more money is set aside for small businesses. Businesses with 6 or fewer employees and restaurants, in particular, are set up to more easily qualify for assistance. Slotkin encouraged all eligible to apply, saying it is basically free money if you treat the assistance as you should. She said as long as businesses have played by the rules, they can now apply for forgiveness. If they were awarded $150,000 or less, the process is only one page long. Slotkin said the average loan in Michigan is $30,000 to $40,000.