The Small Business Administration has made loans available to businesses in Northern Michigan affected by the ice storms that took place March 28 – 30, 2025, in the counties of Cheboygan, Charlevoix, Emmet, Mackinac, Montmorency, Otsego, and Presque Isle.

Loans available include:

• Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery, and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible.

 

• Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.

Applications for assistance for physical damage must be received by August 8, 2025. The deadline for applications for Economic Injury Disaster loans is March 9, 2026. More information on these loans can be found HERE.