The Paycheck Protection Program (PPP) Deadline is Extended to May 31, 2021
Today President Biden signed the Paycheck Protection Program (PPP) Extension Act into law extending the PPP deadline from March 31 to May 31, 2021. Read the full statement from SBA Administrator Isabella Casillas Guzman about how this is “providing additional critical relief to the smallest of the small businesses.”
Here are 3 ways the SBA can help you access this forgivable loan program:
- Find a PPP lender.
Borrowers can apply for a PPP loan with one of more than 5,400 lenders nationwide who have participated in the PPP. There are several ways to find a local PPP lender:
- Use this map to enter your ZIP code and find nearby PPP lenders
- Get matched with potential PPP lenders using the Lender Match tool
- Contact your local SBA District Office for direction on finding a lender
- Receive technical assistance to help you apply.The SBA and its Resource Partner Network offer free webinars to help you understand the details of the PPP. Plus, SBA Resource Partners also provide one-on-one business advising to help you through the PPP application process and provide guidance and support on other aspects of your business.
- Access tools and reference materials in 18 languages.
Whether it’s overview fact sheets, sample PPP application forms, how-to calculation tools or Frequently Asked Questions (FAQs), the SBA provides a variety of PPP tools and reference materials in 18 languages
Click here to learn more.
New Round of Working Washington Small Business Grants Available
The Washington State Department of Commerce will open applications for Working Washington Grants: Round 4 on March 29. Applications submitted by April 9th will be considered. Business owners can find information about the program and a link to the application portal at commercegrants.com. Materials in 16 languages will be available on the site in the coming days.
This is the fourth round of the Working Washington grant program. Legislators approved $240 million for the current round as part of an early action bill that also provided additional funding for rent assistance and other COVID-19 response efforts.
Read the full press release here.
Small business relief funding may be available in your community.
Check with your Associate Development Organization to learn about local relief programs.
Small business webinars provide up-to-date info and live responses to questions
A monthly webinar series presents information specific to Washington small businesses. The series features brief presentations from state and federal partners and open-mic Q&A time. Topics include unemployment insurance, returning employees to work, relief funding, workplace safety, face coverings and other timely topics.
SBA Loan Funding is Available
Small Business Stabilization Grants
Many local economic development agencies have received funds from the Washington State Department of Commerce to offer stabilization grants to small businesses.
- Kitsap County Small Business Rental Relief
- Pierce County COVID-19 Adaptation Grant Program
- Pierce County COVID-19 Commercial Rent and Mortgage Assistance Program
- Southeast Washington Economic Development Small Business Stabilization Grant (Asotin, Garfield, and Whitman counties)
- Stevens County Small Business Stabilization Grant
- Thurston Childcare Provider Grant Program
- Thurston Strong Micro-Business Standup Grant
- Coastal Communities Loan Fund(Clallam, Jefferson, Grays Harbor, Pacific, Wahkiakum counties)
- Business Resilience Loan Program (City of Spokane)
- Emergency Small Business Relief Loan Program (Pierce county)
- Pend Oreille County Small Business Stabilization Grant
Economic Injury Disaster Loan (EIDL)
Small businesses, private non-profits and agricultural businesses impacted by the Coronavirus (COVID-19) pandemic, can still apply for an Economic Injury Disaster Loan. EIDL proceeds can be used to cover a wide array of working capital and normal operating expenses, such as continuation to health care benefits, rent, utilities and fixed debt payments.
EDA CARES Act Recovery Assistance
US Economic Development Administration
Coronavirus Relief Options