SBA prioritizes smallest of small businesses in the Paycheck Protection Program
The Biden administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program (PPP) to further promote equitable relief for America’s small businesses, offering PPP loans to businesses with fewer than 20 employees and sole proprietors Applications should be submitted beginning Feb. 24 through March 10, 2021. Read more 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. The next webinar will be held on Oct.15 at 1:30 p.m.
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.
- Getting Ready to Reopen Fund (Chelan and Douglas counties – apply by Dec. 31)
- Rent Participation Fund (Chelan and Douglas counties – apply by Dec. 31)
- 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