Small Business Relief Loan Fund

We’re here to help Wayne County.

Program details

  • Loans will be for a term of 12 months with interest rates of two percent or less
    • First six months consist of interest only payments
    • Amortizing payments during second six months, with balloon payment at the end of the 12 months
  • Available loan amounts will range from $5,000 to $50,000, depending on number of employees
  • Loan to be secured by business collateral, with guaranties by individuals with at least 20% ownership

Eligibility

  • Business has been established for at least one year
  • Credit approval guidelines are met
  • Business is:
    • identified as a small business, which is a business that employs fewer than 100 employees or has revenue of approximately $1MM or less
    • located in a low income census tract
    • in good standing with County, State and not in delinquency with creditors, prior to COVID-19 emergency
  • Business suffered substantial hardship (at least 25% loss of revenue) due to COVID-19 emergency and will use proceeds to assist with that hardship

Steps to apply

  1. Using the list below, contact the Banking Center Manager nearest you to begin the process
  2. If eligible, you will need to provide the following documents:
    • Previous year’s business tax returns
    • Previous year’s personal tax returns on all owners with greater than 20% ownership
    • Description of the impact to business due to COVID-19
  3. Once eligibility is confirmed, you will then be connected to a Business Banker to complete the application process
Contacting Us

Due to our merger of equals with Chemical Bank, we are pleased to offer access to additional banking centers in your area. To begin the application process, please contact one of the TCF Bank or Chemical Bank banking centers listed below to be connected with one of our business banking relationship managers.

Banking Center Manager Email Phone Address City
Banking Center
Livonia
Manager
Megan Baidoon
Phone

(734) 805-4600

Address

17900 Haggerty Rd

City
Livonia
Banking Center
Detroit
Manager
Jejuan Moy
Phone

(313) 967-9700

Address

333 W. Fort St

City
Detroit
Banking Center
Grosse Pointe Woods
Manager
Carol Woonton
Phone

(313) 640-9051

Address

20276 Mack Ave

City
Grosse Pointe Woods
Banking Center
Hamtramck
Manager
Sultana Chowdhury
Phone

(313) 875-2000

Address

9252 Joseph Campau St

City
Hamtramck
Banking Center
Canton
Manager
Eman Chouman
Phone

(734) 981-2586

Address

45375 Ford Road

City
Canton
Banking Center
Dearborn Heights
Manager
Karen Fowlkes
Phone

(313) 271-2340

Address

25488 Michigan Ave.

City
Dearborn Heights
Banking Center
Belleville
Manager
Stephanie Tomlinson
Phone

(734) 699-5178

Address

9645 Belleville Rd.

City
Belleville
Banking Center
Livonia
Manager
Yousif Denha
Phone

(734) 261-2745

Address

33200 Plymouth Road

City
Livonia
Banking Center
Livonia
Manager
Shonda Brown
Phone

(734) 542-4600

Address

13401 Middlebelt Rd.

City
Livonia
Banking Center
Northville
Manager
Shonta Turman
Phone

(734) 420-1519

Address

39725 6 Mile Road

City
Northville
Banking Center
Westland
Manager
Tim Burgess
Phone

(734) 467-8038

Address

37151 Warren Road

City
Westland
Banking Center
Westland II
Manager
Stephanie Tomlinson
Phone

(734) 398-7030

Address

360 S. Merriman Rd.

City
Westland
Banking Center
Southgate
Manager
Dominique Mavernick
Phone

(734) 284-2833

Address

16350 Fort St.

City
Southgate
Banking Center
Allen Park
Manager
Jori Thornton
Phone

(313) 271-2320

Address

3350 Fairlane Dr.

City
Allen Park
Banking Center
Taylor
Manager
Cynthia Suggs
Phone

(313) 271-2330

Address

22226 Ecorse Rd.

City
Taylor
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