See the following news and information compiled by Washington MBDA Business Center related to COVID-19 business resources. You can also follow us on our Facebook page for more updates.
Last update: October 21, 2021
$10,000 Grant Available for 100 Businesses in King and Pierce Counties – Comcast RISE
Comcast announced that starting October 1st, small businesses owned by people of color in King and Pierce Counties, may apply for a $10,000 grant from the Comcast RISE Investment Fund. Comcast will award $1 million in grants to 100 eligible businesses in these two counties, as well as technology and marketing resources to eligible businesses statewide. Beginning on October 1, and through October 14, eligible businesses can apply for Comcast RISE monetary grants, and, or marketing and technology Services at www.ComcastRISE.com. Winners will be notified in November.
New Enhancements to SBA COVID Economic Injury Disaster Loan (EIDL) Program – Small Business Administration
Key changes include the following: 1) Increasing the COVID EIDL Cap from $500,000 to $2 million. 2) Implementation of a Deferred Payment Period. 3) Establishment of a 30-Day Exclusivity Window 4) Expansion of Eligible Use of Funds. 5) Simplification of affiliation requirements. Read full SBA Seattle Bulletin here.
October 28: Tips for SBA’s COVID EIDL Reconsideration Process, 10 AM PDT – Small Business Administration
Tips and guidance to help navigate the reconsideration process following a decline or withdrawal. Join Michelle Genovese, a former loan officer for the Office of Disaster Assistance, and the Seattle District Office Marketing and Outreach team to learn the steps on how to request a reconsideration. Topics will include: Unverifiable information; Documentation to provide.
October 6 – November 17: Profit Mastery: COVID-19 Edition 2021– Small Business Development Center
This course will meet once/week for a total of seven weeks (10/6-11/17). All instructional meetings will take place on Wednesdays at 9:00am via Zoom with virtual modules completed by participants at your own pace. A Zoom link will be sent to all registered participants prior to the first meeting. More information regarding the format and content of the course can be viewed here, in a message from Profit Mastery Founder and CEO, Steve LeFever.
October 20: Live Virtual Meeting for COVID EIDL Applicants, 12 PM PDT – Portland SBA
Tune in to Portland SBA’s office hours and get your questions answered about how to apply for a COVID Economic Injury Disaster Loan or an increase.
Tips for Preparing an IRS 4506-T Form for COVID EIDL – U.S. Small Business Administration
Applicants for the COVID-19 EIDL are required to submit a signed and dated IRS Tax Authorization From 4506-T. Many applicants have run into problems because they’ve filled out the 4506-T incorrectly. SBA has prepared a list (PDF file) to get it right the first time – see here.
October 13: Resources and Relief for Your Small Business – Supporting Women Business Owners & Women’s Programs, 11 AM PDT – Small Business Administration
The Small Business Administration (SBA) & Public Private Strategies Institute (PPSI) are providing educational opportunities for you to learn more about programs that will help your business get back on track. Learn more about COVID EIDL and how you can take advantage before December 31, 2021, discover tools and resources you can use to start and grow your business, and more! Register here.
September 30: Small Business Flex Fund Info Webinar, 11 AM – Small Business Development Center
The Washington State Small Business Flex Fund is a new loan program for the smallest Washington businesses and nonprofits affected by COVID-19. Interest rates of 3% – 4.5%, borrow up to $150,000 with 60 or 72-month loan terms. To be eligible to apply, small businesses and nonprofits must employ 50 or fewer full-time equivalent (FTE) employees, have annual revenues of less than $3 million per year, and experience a direct economic disruption as a result of COVID-19. This webinar will provide information about the loan program and application process and help you prepare to apply. Register here.
“Creciendo con TikTok” Grants to Help Hispanic Business Owners Across the Country! – Hispanic Heritage Foundation
TikTok and the Hispanic Heritage Foundation (HHF) announced the launch of Creciendo con TikTok, a Small Business Grant Program which includes a social investment fund of $150,000 to recognize and support Hispanic entrepreneurs who are pivoting from the COVID-19 crisis. Thirty business owners will be selected to each receive $5,000 grants across the country in partnership with the USHCC (U.S. Hispanic Chamber of Commerce) and Latino Business Action Network (LBAN). Read more and apply here.
September 29: Small Business Resources for Preparedness, Relief, Recovery, and Resiliency, 11 AM PDT – Small Business Administration
The Small Business Administration (SBA) & Public Private Strategies Institute (PPSI) are providing educational opportunities for you to learn more about programs that will help your business get back on track. These sessions will take place every two weeks, starting next week and running through December 2021.
September 8: Learn More about EIDL, Targeted Advance and Supplemental Advance – U.S. Small Business Administration
On Wednesday, Sept. 8 from 2 – 3:30 p.m. SBA representatives will speak about the COVID-19 EIDL, Targeted Advance and Supplemental Advance programs and will walk you through how to submit an application. Pre-registration is required because the webinar will have live translation into seven languages
WA Governor’s Vaccine Mandate – Associated General Contractors of Washington
The Governor has amended the Vaccine Mandate and has also published a Frequently Asked Questions (FAQs) document. The Vaccine Mandate Amendment is more in-depth than the original and the FAQs are more clarifying for construction. The vaccine mandate applies to any person engaged to work as an on-site contractor for a state agency, an education facility or a healthcare facility. This includes contractors and specialty contractors. Read full bulletin here.
September 3: New Updates to PPP Loan Forgiveness Instructions – Small Business Development Center
This webinar will cover the new Coronavirus relief bill updates to the Paycheck Protection Program (PPP) loan forgiveness application and related instructions. Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will provide updates on the new PPP loan and loan forgiveness requirements. Register here.
Small Business Flex Fund – Washington State Department of Commerce
The Small Business Flex Fund, developed in response to COVID-19, is designed to get financial support into the hands of Washington State’s smallest businesses and nonprofits. Interest rates of 3% – 4.5%, borrow up to $150,000 with 60 or 72-month loan terms. To be eligible to apply, small businesses and nonprofits must employ 50 or fewer full-time equivalent (FTE) employees, have annual revenues of less than $3 million per year, and experience a direct economic disruption as a result of COVID-19. Learn more and apply here.
*Note: see upcoming Info Webinar about the Flex Fund on September 30th here.
Shuttered Venue Operators Grant Funds Application Closes August 20, 2021 – Small Business Administration
The SBA Shuttered Venue Operators Grant (SVOG) Program is designed to assist live venue operators (fixed seats, ticket sales, public promotion) or promoters, theatrical producers, live performing arts operators, museum operators, motion picture operators and talent representatives who demonstrate a revenue reduction due to COVID-19. A total of $16.2 billion funds this program nationwide. Funds are still available. As of August 2, 2021, 293 grants totaling $195.3 million have been awarded in Washington. The deadline to apply is August 20, 2021. To learn more, click here.
Apply for PPP Loan Forgiveness Through New SBA Direct Portal – Small Business Administration
Starting Aug. 4 the SBA will now allow certain businesses with PPP loans of $150,000 or less to apply directly through a new SBA portal for the forgiveness of their loan. The SBA portal provides a single secure location for eligible borrowers to apply for forgiveness using an electronic equivalent of the SBA Form 3508S. The Seattle District will host two webinars on Tuesday, Aug. 3 at 9 a.m. and 1 p.m. Register here.
Impact Washington Recovery Assistance for Small- and Medium-Sized Manufacturers Now Open Until September 24, 2021 – Impact Washington
Impact Washington is inviting Washington based US Small-and medium-sized manufacturers (SME’s) to apply for CARES Act Recovery Assistance funds. These funds provide services that directly support a manufacturer’s ability to recover from the coronavirus
COVID-19 Reopening Guide for Small Businesses – ChamberofCommerce.org
See guide from ChamberofCommerce.org for reopening guidelines, restrictions by state, and other resources for reopening your business. Click here to view.
SBA officially closes Restaurant Revitalization Fund – Journal of Accountancy
The U.S. Small Business Administration (SBA) announced the closure of the Restaurant Revitalization Fund (RRF) after awarding the program’s full $28.6 billion appropriation to more than 100,000 restaurants, bars, and other businesses that provide on-site food and drink. Click here to read full article.
August 3: How to Sell Your Business during COVID, 11 AM – Small Business Development Center
Have you ever thought about selling your business to move on to a new chapter in your life? Or has the recent COVID pandemic accelerated your thoughts of exiting your business earlier than you anticipated? This webinar will help answer questions such as: What does it mean to plan an exit? What if you don’t have a plan? Who is involved? How is your business valued? Who can you sell to? How does a buyer feel about your good or bad financial performance during the COVID pandemic? How do you chose the right broker to help you? Register here.
Getting Back on Track – SBA Educational Webinar Series, July 15, 11 AM PDT
Join the U.S. Small Business Administration and Public Private Strategies Institute (PPSI) for several educational opportunities to learn more about programs that will help your business get back on track. This is part of an effort to ensure that American small businesses know about the many resources to help their businesses grow and additional resources to help their businesses thrive. See all webinars in this series. Note: General Information Session for Washington, Idaho, and Oregon (Region 10) is on July 15 at 11 AM.
July 15: How to Pivot and Successfully Re-Emerge Your Business During COVID, 11:00 AM – 12:30 PM PDT– SBDC
President of Green River College Dr. Johnson will be detailing the process and strategies used in pivoting the organization of almost 17,000 students and approximately 900 staff in one day from in-person learning to online teaching amidst changing information that came with the COVID pandemic. Learn how she successfully accomplished this task and hear her insight on how to re-open and her vision of the “new normal”. Register here.
Targeted EIDL Advance and Supplemental Targeted Advance – Small Business Administration
Applicants for the COVID-19 Economic Injury Disaster Loan (EIDL) may be eligible to receive up to $15,000 in funding from SBA that does not need to be repaid. These “advances” are similar to a grant, but without the typical requirements that come with a U.S. government grant.
See eligibility information and learn how to apply here.
Updates to PPP Loan Forgiveness Instructions Webinars – WA Small Business Development Center
These webinars will cover the new Coronavirus relief bill updates to the Paycheck Protection Program (PPP) loan forgiveness application and related instructions. Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will provide updates on the new PPP loan and loan forgiveness requirements. Select from following dates, each webinar occurring 10 AM – 12 PM PDT:
June 11 | June 25 | July 9 | July 23
No-Cost Accountant Services Available to Washington Businesses with 100 Employees or Fewer – Seattle Metro Chamber
The Seattle Metro Chamber’s REACH Program and Business Health Trust are sponsoring accounting consulting services for small businesses to help employers navigate PPP, the Restaurant Revitalization Fund, Shuttered Venue Operators Grant and Employee Retention Tax Credits. CPA assistance is available to Washington businesses with 100 employees or fewer. E-mail Leigh ([email protected]) to get connected with an accountant at Clark Nuber.
COVID-19 BUSINESS INFO SERIES Webinar Archive – Tacoma-Pierce County Chamber
The Tacoma-Pierce County Chamber of Commerce and the Economic Development Board for Tacoma-Pierce County hosted a series of regular conference calls to discuss the rapidly evolving COVID-19 situation for over a year. Listen to their webinars and find presentations from all of the panelists here! This series of calls ran from March 16, 2020 thru June 16, 2021 with a total of 100 virtual meetings. Visit the Chamber’s COVID-19 Resource Page for more information.
Restaurant Revitalization Fund Info Webinars – WA Small Business Development Center
This webinar will provide information about the Restaurant Revitalization Fund portion of the American Rescue Plan Act within the U.S. Small Business Administration. The final rules and application are expected in a few weeks. Topics covered include: eligibility, restrictions, grant amounts, grant award priority, use of funds, etc.
June 16, 2 PM | June 30, 9 AM
Small Business Grant for Latinx-Owned Small Businesses – UPS & USHCC
UPS is committed to keeping Latinx-Owned small businesses moving forward. Covid-19 has impacted small businesses across the board and minority small business community has been especially hard hit. We’ve partnered with the USHCC to invest in keeping Latinx-Owned small businesses moving forward. We’re making a donation to provide direct assistance to small businesses in need. The deadline to submit your application is Friday, June 11, 2021 at 11:59 p.m. ET. Apply here.
June 9, 11 AM PDT: Getting Back on Track Webinar Series – Vaccinations & Economic Aid Programs – SBA
On Thursday, June 10, the U.S. Small Business Administration (SBA) and the Public Private Strategies Institute will be joined by SBA Administrator Isabella Casillas Guzman and Dr. Bechara Choucair, White House COVID-19 Vaccinations Coordinator to discuss the importance of vaccinations, provide updates on COVID-19 economic aid programs, such as the Economic Injury Disaster Loan (EIDL) and what they mean for your business. Register here.
Inslee announces statewide reopening date of June 30 and short-term statewide move to Phase 3 – WA Governor’s Medium Page
Gov. Jay Inslee today announced that the state is moving toward a statewide June 30 reopening date and that all counties in Washington will move to Phase 3 of the Healthy WA: Roadmap to Recovery reopening plan effective May 18 until June 30.
Businesses Can Still Apply for PPP – SmallBizHelpWA.com
As of May 4, 2021 Paycheck Protection Program loans are becoming limited, but many Community Development Financial Institutions are still making PPP loans. Please see the following list of CDFIs – marked in bold are still accepting PPP applications: https://www.smallbizhelpwa.com/lenders
Updates to PPP Loan Forgiveness Instructions – Small Business Development Center
Join us and the U.S. Small Business Administration to review the new coronavirus relief bill updates to the loan forgiveness application and related instructions. Topics covered include: PPP basic forgiveness application information, simplified process for PPP loans under $150,000, effect of the EIDL Advance, retro-active elements of the new legislation, etc. Register here:
May 14, 10 AM | May 28, 10 AM
Restaurant Revitalization Fund Info – Small Business Development Center
This webinar will provide information about the Restaurant Revitalization Fund portion of the American Rescue Plan Act within the U.S. Small Business Administration. The final rules and application are expected in a few weeks. Topics covered include: eligibility, restrictions, grant amounts, grant award priority, use of funds, etc. Register here:
May 3, 9 AM | May 5, 9 AM | May 19, 2 PM
Small Business Flex Fund for Technical Assistance Providers – Small Business Flex Fund
The National Development Council (NDC), Washington State Department of Commerce, Connect2Capital and Calvert Impact Capital have partnered to establish the Small Business Flex Fund to support long-term business recovery across the State of Washington. Interested organizations must express interest by May 17, 2021. Click here for details.
Restaurant Revitalization Fund (RRF) Updates – Small Business Administration
> Registration for the Restaurant Revitalization Fund (RRF) is now open at restaurants.sba.gov. If you are working with Square or Toast, you do not need to register.
- Review the sample application, program guide and cross-program eligibility chart on SBA COVID-19 relief options. SBA also added screenshots of the application portal that are available here.
- Applications must be submitted in English or Spanish. SBA has documents in additional languages to help you understand eligibility requirements, fill out applications, and answer frequently asked questions. See the additional languages and materials here.
- If you were unable to attend one of the webinars held earlier this week which covered program details and a demonstration of the application portal, you can watch the recording here.
The application portal will remain open to any eligible establishment until all funds are exhausted. For more information, and for a guide on how to prepare, read the press release here.
Please see the following updates provided by SBA:
– Official Restaurant Revitalization Fund Application and Guidelines
– A newsletter outlining the 3 Things to Know About the RRF
Turning Strategies Into Practice – Seminar & Workshop, May 12 – University of Washington
This EY business clinic workshop brings together groups of impact entrepreneurs and offers a combination of practical training, peer discussion and individual and group mentoring – all in a few hours! Small businesses will learn how to adopt and integrate new technologies. Determine if investing in new technologies is the right step for your firm. Seminar is open to all, however the workshop has limited space availability.
Seminar is 9 AM-11 AM. Workshop is 11 AM – 12 PM. Register here.
Restaurant Revitalization Fund Information Sessions – Small Business Administration
During these live webinars we will discuss: What is the Restaurant Revitalization Fund; Who is eligible to apply; How much money you can get; How funds can be used; How and when to apply; Where to get help with your application. SBA Seattle district staff will answer your questions live throughout the presentation and with dedicated Q&A time at the end. Register here – April 22nd, 23rd, 26th, 28th, 30th.
SBA Round 2 COVID-19 Relief and PPP Information Webinars, April 8 – April 29 – Small Business Administration
Various dates, 1:00 PM – 2:00 PM PDT. Join SBA to get your questions about the new PPP loans answered. The focus will be on the new round of Paycheck Protection Program (PPP) loans. Learn where to apply for PPP funding and who is eligible to receive PPP funds. Recurring webinar, click the desired date to be directed to the webinar registration:
April 8 | April 15 | April 22 | April 29
Obtaining Credit During The COVID-19 Crisis, April 29 10 AM PDT – Baltimore MBDA
Learn about: Four Essential Financial Statements; Know Credit Requirements Before Applying; Business Emergency Team; PPP Loans. Presented by Chantrell McCormick, President of Insight Financial, and hosted by Gary Moore, Business Development Specialist of Baltimore MBDA Business Center. Click here to register
Tabor 100 – Pfizer Vaccine Appointments on April 24th
Tabor 100 is scheduling Pfizer vaccination appointments for Saturday April 24th. Cut off time for scheduling is Friday 4/23 at 3pm. There are limited appointments available. Appointments are issued to the ones that respond first. If you’re interested please forward name, date of birth, address and phone number to [email protected]. When Tabor 100 receives your information, they will schedule your appointment and forward you the necessary details. To qualify for the vaccine you have to be 16 years of age and older. Learn more about Tabor 100 at Tabor100.org.
Small & Medium Sized Business Briefing on Paid Leave Tax Credit & Vaccine Update, April 23, 9 AM PDT – Reimagine Main Street
To learn more about President Biden’s announcement calling on every employer in America to offer full pay to their employees for time off needed to get vaccinated and for the time it takes to recover from the after-effects of vaccination, please join Andy Slavitt, Senior Advisor to the White House COVID-19 Response Team, and officials from the IRS for a discussion about how businesses can claim the credit.
Free Workshop: Business Finance in the Time of COVID, April 20th – Urban Business Support
Join Urban Business Support to learn about Financial Resources for Businesses, How to Access Funding, Financial Projections, and Bookkeeping. Presenters: Oliver Scott, Business Loan Officer, Red Canoe Credit Union & Jason Freilinger, Managing Director, Number8, Inc. Register here.
3 Things to Know about the Restaurant Revitalization Fund (RRF) – Small Business Administration
SBA has release a bulletin outlining the Restaurant Revitalization Fund (RRF) – Get Program Details; How to Prepare; and When to Apply. Read the bulletin here.
Aviation Manufacturing Jobs Protection (AMJP) Program – U.S. Department of Transportation
The AMJP program, created under the American Rescue Plan, will provide funding to eligible businesses to pay up to half of their compensation costs for certain categories of employees, for up to six months. In return, the business is required to make several commitments, including a commitment that the company will not involuntarily furlough or lay off employees with that group during the same six-month period. Eligible businesses are strongly encouraged to take these steps right away – learn more here.
2021 Rollback Relief Grant for Pierce County Businesses – Pierce County Council
The rollback to Phase 2 is unfortunate. That said, the Pierce County Council stepped up immediately and created the 2021 Rollback Relief Grant program for small businesses hit by this latest turn of events. To provide financial support to qualifying businesses impacted by recently modified COVID-19 restrictions, Pierce County has created a grant program to help offset the costs of business disruption. Subject to available funds and eligibility requirements, businesses may receive a need-based grant of up to $10,000. Click here for information and to apply.
Updates from SBA – Pacific Northwest Regional SBA Office
Read latest SBA bulletin for these updates: April 6, 2021 – EIDL limit increases to $500,000; April 8, 2021 – Shuttered Venue Operators Grant portal opens for applications; Late April 2021 – Community Navigator Pilot funding opportunity announcement will be issued; May 31, 2021 – New extended PPP application deadline.
Working Washington Small Business Grants – Round 4 Now Open Until April 9, 2021 – Washington State Department of Commerce
The Washington State Department of Commerce will award a total of $240 million to small for-profit businesses impacted by COVID-19. The maximum grant will be $25,000, which must be applied toward expenses incurred between March 1, 2020 through June 30, 2021 (HB 1368). See more information and apply at the WA State Commerce Department website.
SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster Loans – Small Business Administration
The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. Starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months of economic injury with a maximum loan amount of $150,000 to up to 24-months of economic injury with a maximum loan amount of $500,000. Read SBA’s full press release here.
Restaurant Revitalization Fund Info Webinars – Washington Small Business Development Center (SBDC)
This training webinar will cover key elements of recent Coronavirus Relief legislation with a focus on the new round of Paycheck Protection Program (PPP loans) and the application process. Register for the webinars here: April 7, 9am-10am PDT | April 21, 2pm-3pm PDT
Five Things to Know About the Shuttered Venue Operators Grant (SVOG) – Small Business Administration
The SBA announced the launch of a splash page for the Shuttered Venue Operators Grant (SVOG) application portal in anticipation of opening applications for the much-anticipated critical economic relief program Thursday, April 8. Prior to the official SVOG application opening, the SBA will host a national informational webinar to highlight the application process for potential eligible entities from 11:30 a.m. to 1 p.m. PT Tuesday, March 30. You can now receive both a PPP and SVOG. See newsletter for several tools available to help you prepare and local partners can provide technical assistance.
March 30: Shuttered Venue Operators Grant (SVOG) Informational Webinar, 11:30am – 1pm PDT – Small Business Administration
This informational webinar will highlight the opening of the Shuttered Venue Operators Grant application which is scheduled for Thursday, April 8, 2021. Join us as we cover what documentation eligible entities will need to apply for a SVOG, insight on what the SVOG application process will look like and more. Register here.
March 24: Restaurant Revitalization Fund Info, 2pm – 2pm PDT – Washington SBDC
This webinar will provide information about the Restaurant Revitalization Fund portion of the American Rescue Plan Act within the Small Business Administration. The final rules and application are expected in a few weeks. Updated information will be provided in future webinars. Topics covered: purpose, eligibility, restrictions, grant amounts, grant award priority, how to calculate amount your business may be eligible to receive, use of funds and Q&A (as time allows). Register here.
American Rescue Plan Act Elevates Small Business Support – SBA Newsletter
On Thursday, March 11th, President Biden signed the American Rescue Plan Act of 2021 into law providing additional relief for the nation’s small businesses and hard-hit industries. This includes additional support for programs the SBA is currently administering and adds new efforts, including: $7.25 billion additional for the Paycheck Protection Program, additional funds are allocated for the Shuttered Venue Operators Grant (SVOG) program, $15 billion additional for Targeted Economic Injury Disaster Loan Advance (EIDL) payments, $28.6 billion for the Restaurant Revitalization Fund for industry-focused grants, $100 million to establish a Community Navigator pilot program. Read full newsletter here.
Entire State of Washington Will Enter Phase 3 of Recovery Plan on March 22 – Washington State Governor’s Office
Inslee announces statewide move to Phase 3 of recovery plan, return to spectator events and Phase 1B, Tier 2 vaccine eligibility. Gov. Jay Inslee today announced that Healthy Washington: Roadmap to Recovery will be transitioning from a regional approach to a county-by-county evaluation process. The governor also announced a new third phase of the Roadmap and a return for in-person spectators for professional and high school sports.
New Tools to Prepare Your Shuttered Venue Operators Grant Application – Small Business Administration
The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act to provide emergency assistance to eligible venues affected by the Coronavirus pandemic. The SBA is in the process of setting up the grant program and is not yet accepting applications. In the meantime, the agency has released the Reference Materials and Video Tutorials – available here – to help eligible entities prepare to apply.
Webinar Series: PPP Updates for Self-Employed and Small Businesses with fewer than 20 employees – Small Business Administration
The U.S. Small Business Administration has some key changes to the Paycheck Protection Program (PPP) which will be available for a limited amount of time to ensure America’s smallest businesses get exclusive access. If you are a small business owner with fewer than 20 employees, or are self-employed; there is new information for you. Join SBA for a series of webinars hosted by the U.S. Small Business Administration, Public Private Strategies Institute, & other stakeholders to hear about:
- – What steps you can take now to take advantage of this special opportunity, which closes at 2:00 P.M. PST, Tuesday, March 9th, 2021.
- – Additional changes and recent policy announcements made by Biden-Harris Administration
- – Have your questions answered by SBA Leadership
Four Things to Know about PPP This Week – SBA Newsletter, March 4, 2021
1. There’s a new calculation for sole proprietors, independent contractors, and self-employed individuals. 2. PPP eligibility is expanded. 3. Use of Individual Taxpayer Identification Number (ITIN) is clarified. 4. The 14-day exclusive PPP loan application period ends March 9, 2021. Read the Newsletter for full information.
Biden Administration takes Steps to Promote Equitable Access to SBA Relief – Small Business Administration
On Monday, February 22nd, The Biden-Harris Administration and the SBA announced steps the agency is taking with the Paycheck Protection Program (PPP) to further promote equitable relief for America’s mom-and-pop businesses. In order to reach the smallest businesses, SBA will offer PPP loans to businesses with fewer than 20 employees and sole proprietors only from Wednesday, February 24 through Wednesday, March 10, 2021. President Biden has also announced additional program changes to make access to PPP loans more equitable. Read more here.
Correcting Past Mistakes: PPP Loans and Black-Owned Small Businesses – American Constitution Society Expert Forum
A close examination of recipients and disbursement of PPP funds to Black-Owned businesses. The article includes suggestions on how to more equitably administer the Paycheck Protection Program. Read full article here.
March 12: SBA Round 2 COVID-19 relief and PPP Application, 10am – 11:30am PDT – Small Business Development Center (SBDC)
New Coronavirus relief provisions were signed into law on December 27th, 2020. This training webinar will cover key elements of the legislation with a focus on the new round of Paycheck Protection Program (PPP loans) and the application process. Register here.
March 19 & 26: Updates to PPP Loan Forgiveness Instructions, 10am – 12pm PDT – Small Business Development Center (SBDC)
New Coronavirus relief provisions were signed into law on December 27th, 2020. This training webinar will cover key elements of the legislation with a focus on the new round of Paycheck Protection Program (PPP loans) and the application process. Select from two dates: March 19th | March 26th
March 3: Access to Capital for Black Entrepreneurs, 1pm – 2:30pm PST – Small Business Administration
The SBA Pacific Northwest Regional Office has teamed up with the Seattle, Tacoma and Portland chapters of the Urban League to connect Black-Owned Small Businesses and Entrepreneurs with the various financing options available through the SBA. Don’t miss this opportunity to hear directly from lenders and get the information needed to successfully access capital for your small business.
Inslee Signs $2.2 Billion COVID Relief Bill – Washington Governor
On February 19th, Gov. Jay Inslee signed House Bill 1368, which appropriates $2.2 billion in federal funding that has been allocated to states in response to the ongoing COVID emergency. The legislation takes effect immediately. Among the assistance, the bill will provide for $240 million for business assistance grants. Read more here.
Each Wednesday in February: Round 2 COVID-19 relief and PPP Information – Small Business Administration (SBA) Seattle District Office
Learn where to apply for PPP funding and who is eligible to receive PPP funds. We will discuss improvements to the PPP funding including expanded uses of funds, PPP forgiveness, and where to go to get help. Staff from SBA will be answering your questions live throughout the presentation with dedicated Q&A time at the end. Select from various dates: Feb. 10 | Feb. 17 | Feb. 24
SBA Prioritizes Smallest of Small Businesses in the Paycheck Protection Program – Small Business Administration
Building on a month of strong results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps with the Paycheck Protection Program to further promote equitable relief for America’s mom-and-pop businesses. The latest round of Paycheck Protection Program funding opened one month ago and already the Biden Administration has succeeded in making major improvements to the program’s implementation. Read full news release here.
Shuttered Venue Operators Grants – FAQ – Small Business Administration
Looking for more information about the Shuttered Venue Operators Grant Program (SVOG)? The SBA added a new frequently asked questions which includes information about eligibility, application, use of funds and more. These FAQs will be updated as new information becomes available and additional program details are finalized.
City of Tacoma Resurgence Business Loan – Applications due by February 21st – Make It Tacoma
The City of Tacoma launched today Resurgence Business Loan, a 5-year business loan of up to $25,000 that requires no payments (principal and interest) for the first 12 months. It will be available to all businesses located within Tacoma city limits with 6 or more months of operation. The date to start applying is January 27th, 2021. The application closes on February 21, 2021. For more information or to apply please visit: RESURGENCE BUSINESS LOAN. For any questions about the loan please email [email protected] or call 253-591-5590. Applicants must first fill out the pre-application form to receive the full application via DocuSign.
COVID19 Vaccine FAQs Presentation – Multiple Dates – Update from Tacoma-Pierce County Health Department
Do you have questions or concerns about COVID-19 vaccine? Tacoma-Pierce County Health Department will provide a community presentation to: Present accurate, clear information to dispel myths about the vaccine; Address the deep, historical traumas that have created distrust in the vaccine; Answer questions and add the information to our website. Dates: Jan. 22, Feb. 12, Mar. 26, Apr. 16. See flyer for more information.
All In One Place: The Latest Updates Related to COVID-19 Relief Programs Offered by the SBA – SBA Pacific Northwest Regional Office
Small Business Administration (SBA) published a bulletin containing the latest news and updates regarding the following: Paycheck Protection Program (PPP); Economic Injury Disaster Loans (EIDL); Shuttered Venue Operators Grant; Resiliency Business Advising; Additional Resources. Read here.
SBA and Treasury Announce PPP Re-Opening; Issue New Guidance – Small Business Administration
To promote access to capital, initially only community financial institutions will be able to make First Draw PPP Loans on Monday, January 11, and Second Draw PPP Loans on Wednesday, January 13. The PPP will open to all participating lenders shortly thereafter. This round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, 2021, and by allowing certain existing PPP borrowers to apply for a Second Draw PPP Loan. Read more.
January 21: The Ultimate PPP Workshop, 1 PM PST – South Carolina MBDA
This virtual workshop will help your business navigate the new PPP. Topics covered, include: Rules & Regulations, Tax Implications & How to Get Ready, Bank Application Process & Pitfalls to Avoid that Delay Processing! Register for this FREE virtual workshop today!
January 28: Small Business Requirements and Resources Workshop, English: 9 AM PST / Spanish: 2 PM PST, Taller de Requerimientos y Recursos para Negocios Pequeños – Seminario web – Small Business Liaison Team
This webinar provides an overview of some of the state responses, resources, and other impacts affecting small businesses. No cost registration. The webinar includes brief presentations from several state agency small business liaisons with dedicated time for questions and answers. Register (English)
Este seminario en línea proporcionará información general de algunas de las respuestas estatales, los recursos y otros impactos que afectan a las pequeñas empresas. La inscripción es gratis. El seminario incluye presentaciones breves de varios departamentos del estado con tiempo dedicado a preguntas y respuestas. Registrar (Spanish)
Gov. Inslee announces new ‘Healthy Washington’ plan that focuses on reducing case rates – The Olympian
Under the new “Healthy Washington” plan, counties are grouped into eight regions based on health system resources, according to the governor’s prepared remarks. When it goes into effect Jan. 11, all counties will be in Phase 1 of the plan, which for now consists of just two phases.
January 14: Get Ready for Second Round of PPP! – MBDA-Tacoma & The Economic Development Board for Tacoma-Pierce County
In partnership with the MBDA-Tacoma Business Center, The Economic Development Board for Tacoma-Pierce County cordially invite you to attend and gain insight and knowledge from an expert panel of speakers on how your business can prepare to apply for the Second Round of the Paycheck Protection Program. We hope you can take the time to participate or send staff to join. Two sessions have been scheduled at 8:00 AM and 1:00 PM PST. Register here.
Starting January 13th: ScaleUp: The Rebuild Edition – StartUp Washington
Business is not as usual right now and may not be for a long time. ScaleUp business training is focused on teaching proven strategies to small businesses that will increase resiliency and spur growth in the wake of a global pandemic. This next cohort will launch January 13th and will be a comprehensive offering spanning 8 sessions. The three-hour online courses are held weekly, allowing up to 100 businesses around the state to restart and rebuild, improving their strategic thinking and decision-making, creating operational efficiencies and strengthening the bottom line as we engage in economic recovery. Register here.
More Pandemic Relief Assistance is Coming Soon: Make sure you are signed up for SBA Newsletters! – Small Business Administration
More funding is coming for PPP Loans, EIDL Grants, Special Grants for Live Venue Operators and More! You may qualify under new guidelines soon to be released. Help is on the way due to recently enacted legislation regarding SBA funding programs, but it will take a little more time to be rolled out. Once guidance is received, SBA’s Seattle District Office and other offices across the country will hold informational webinars to assist you in learning all about these additional funding opportunities. In the meantime, program announcements will be sent via e-mail – sign up for SBA Newsletters for latest announcements.
Safe Start: Gov. Inslee announces one-week extension of statewide restrictions – WA State Department of Commerce
Gov. Jay Inslee announced a one-week extension of the “Stay Safe–Stay Healthy” proclamation, along with the statewide restrictions imposed. The extension of the statewide restrictions will now expire on Jan. 11, 2021. No changes were made in the proclamation aside from the expiration date. An updated reopening plan is currently being developed to provide a pathway for businesses and workers impacted by this order to reopen safely. The updated plan will be released next week. Read the full proclamation here.
Coronavirus Small Business Issues and Solutions Guide – Chamber of Commerce
In order to aid and inform owners of small businesses, Chamber of Commerce compiled this comprehensive guide to coronavirus issues and solutions.
Global Funding Opportunities for Individuals, Small Businesses, and Nonprofits – Global Giving
GlobalGiving team has compiled a list of grant and funding opportunities that might be a good fit for your nonprofit or business as you navigate new challenges posed by the COVID-19 pandemic. View here.
Small Business Administrator Carranza: PPP saved millions of small businesses, American jobs – Fox Business
By providing millions of small businesses with the short-term certainty and capital they needed to keep tens of millions of employees on payroll, the Paycheck Protection Program (PPP) accomplished its mission, and now our nation’s small businesses are helping lead the great American economic comeback. Read more at Fox Business.
Safe Start Updates – Washington State Governor Jay Inslee & WA State Coronavirus Response
Gov. Inslee yesterday announced a three-week extension of the state’s current restrictions which will now be in place until Jan. 4, 2021. The three-week extension of statewide restrictions comes as the state’s healthcare system nears dangerous occupancy levels. With the effects of Thanksgiving on infection and hospital numbers still unknown, the extension will grant the state’s medical system much needed time to increase Intensive Care Unit (ICU) capacity before it’s overwhelmed. An overview of the restrictions is available here. For all businesses and activities not addressed, previous phase guidance still applies.
Comcast Rise – Applications Open on November 24th – Comcast Business
Comcast RISE was created to invest in the success of Black, Indigenous, and People of Color (BIPOC) businesses by providing valuable and practical support. If your business qualifies, you’ll have the opportunity to receive marketing consultations, media placements, commercial creative production services, or technology services from Effectv and Comcast Business. Beginning November 24, 2020, all BIPOC business owners will be eligible to apply for Comcast RISE. Business support also includes a monetary grant – coming in 2021. Read on to find out how to qualify and apply.
Update: Working WA Business Grant Round 3 Applications Now Open
Last week, Gov. Jay Inslee announced an additional $70 million for business grants. $50 million of that is for a new round of Working Washington business grants. The remainder will go toward funding all qualified businesses that applied in earlier rounds of our resiliency grant program. (NOTE: Businesses who applied for the WA State Resiliency Grant program will not need to take any action). See here for application portal and additional information: www.commerce.wa.gov/bizgrants. Update: The priority application window closed at 5 p.m., Dec. 11. Businesses submitting applications after that time may receive consideration should funding remain after the priority review round is completed. Priority applications received by the 5 p.m. deadline are being evaluated and successful applicants will be notified by Dec. 31.
Pierce County: $10,000 Business Rollback Relief Grant – Pierce County Economic Development
To provide financial support to main street retail, arts and culture businesses and other qualifying businesses impacted by recently modified COVID-19 restrictions, Pierce County has created a grant program to offset the costs of business disruption. Subject to available funds and eligibility requirements, businesses may receive a need-based grant of up to $10,000. Application deadline: December 11th, 5pm. See qualifications and apply here.
Pierce County: Emergency Small Business Relief Loan Grant – Pierce County Economic Development
Pierce County small businesses who have experienced significant economic injury as a direct result of the COVID-19 pandemic may apply for this loan program if they meet the below criteria. Loan amounts of $1,000 per full-time employee will be awarded up to $20,000. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Application deadline: December 4th 5pm. Click here for eligibility and application information.
Loan Recipients May Now Apply for Loan Forgiveness – businesses must complete the loan forgiveness process by November 30, 2020.
UPDATED COVID-19 Guidance from Gov. Jay Inslee for Washington State
On November 15, Governor Inslee announced a four-week statewide set of restrictions in response to the rapid spread of the COVID-19 virus. The new restrictions are outlined here (two-page PDF), and the below guidance will be updated in coming days to reflect these changes.
Small Business Resiliency Program (CBRP) COVID-19 & Commercial Lease Support – OnPoint Real Estate Services & MBDA-Tacoma
OnPoint Reale Estate Services is offering commercial lease advisory services: Landlord/Tenant solutions; COVID-19 advisory to avoid business disruption; lease expiration/renewal questions; up-to-date COVID-19 State guidelines & requirements. Those interested may email: [email protected] or call (206) 623-1844, ext. 3.
Six Things About PPP Loan Forgiveness Small Businesses Should Know – U.S. Small Business Administration
Quick list of tips and facts about Paycheck Protection Program forgiveness.
City CARES Act Funds for Utility Bill Assistance Available to Tacoma Small Businesses – Tacoma Public Utilities
Updated deadline: Midnight Nov. 11th. Tacoma Public Utilities launched a new utility bill assistance relief program to support small businesses impacted by COVID-19. Small businesses operating from a brick and mortar building within the city limits of Tacoma with an open TPU account and 50 or less employees could qualify for TPU’s new utility bill payment assistance program. Apply by November 11th. Click here for more information.
November 13 & December 11: COVID-19 & Commercial Lease Support Webinars – OnPoint Real Estate Services & MBDA-Tacoma
On Point is hosting two online presentations where small business owners have the opportunity to learn more about how they can navigate these COVID-19 waters to ensure they are in state compliance as well as offering commercial lease support through these tough times.
Nov. 13: COVID-19 Guidelines | Dec. 11: Leasing Support (Times to be determined) Register by email: [email protected] or call (206) 623-1844, ext. 3.
November 5: SBA Programs & PPP Loan Forgiveness Updates, 10am – 11:30am – U.S. Small Business Administration
Join us and the U.S. Small Business Administration to review the PPP Loan Forgiveness regulations and related applications. Register here.
Pierce County and City of Tacoma Grant and Loan Resources – City of Tacoma
See NEW and CONTINUING grant and loan opportunities for small businesses and organizations as of October 12, 2020 for businesses located in City of Tacoma and Pierce County. Click here.
Washington State Small Business Resiliency Grant Program – WA State Department of Commerce
The primary purpose of the Washington State Small Business Resiliency Grant Program is to support businesses that have been negatively impacted by the COVID-19 pandemic. Commerce’s intent is to award each eligible applicant the maximum award available up to $10,000, based on the number of applications. View program requirements and application here.
October 14 & 22: SBA Paycheck Protection Program (PPP) Loan Forgiveness Webinar – First Citizens Bank
Presentation by SBA and First Citizens Bank will review the new forgiveness guidelines, how best to reflect your loan in QuickBooks, and what impacts this program may have on your tax liabilities. Click on desired date to register for one of two sessions: October 14 @12pm | October 22 @ 12pm
October 14: Paycheck Protection Program (PPP) and Economic Injury Disaster Loan(EIDL) Funding: Insight into Compliance and Forgiveness, 11am – MBDA Tacoma Business Center
Join us for this digital webinar to gain valuable information about the Paycheck Protection Program and Economic Disaster Injury Loan. See flyer for more information. Register here.
ScaleUp: The Accelerated COVID-19 Edition, Oct. 8 – Nov. 12 – StartUp Washington
Are you a minority, veteran, woman owned, or rural business owner interested in learning new strategies that will create resiliency and sustainability for your business in the face of a global pandemic? Join for weekly accelerated online training series. Register here.
Pierce County COVID-19 Commercial Rent and Mortgage Payment Assistance Program – Pierce County Economic Development
The Commercial Rent and Mortgage Assistance Program has been expanded to include all businesses that have been significantly impacted by the pandemic, and the monthly rent/maximum grant amount has been increased. Get three months of your commercial rent or mortgage paid. Receive up to $8,000 a month with a total grant maximum of $24,000. Applications are due by October 2nd for this round of funding. Click here for more information and to apply.
Working Washington Small Business Emergency Grant Program – Washington State Department of Commerce
WA Commerce’s partner local economic development organizations (based in all 39 counties) are reviewing applications from their communities and referring to the state for approval. Select your local economic development organization from this list to visit their page and find out how to apply for the business grant.
Grants to Support Small Businesses in King County Impacted by the COVID-19 Pandemic – Seattle Metro Chamber
The Seattle Metro Chamber, which serves as the King County Associate Development organization, is working to ensure that $580,000 in federal funding reaches king County small businesses. This is part of the $10 million that Washington state received for small business support from the federal CARES Act. Awards of $5,000, $7,500 or $10,000 are available to small businesses and 501 (c)(6) non-profit business service organizations within King County. Apply between Sep. 14-28. See webpage for details and business eligibility.
$5,000 Grant to Back Black Businesses – Coalition to Back Black Businesses
The Coalition to Back Black Businesses is a multi-year initiative to support Black small business owners and the communities they serve as they recover from the COVID-19 pandemic and chart a path forward. Applications are due September 21st. From 2020 through 2023, they will distribute $5,000 grants to more than 280 applicants each fall. Learn about eligibility and how to apply here.
EDB Vitality Grant for Pierce County Community Organization & Small Businesses – Economic Development Board
Launching on Wednesday, September 9, 2020, the Economic Development Board Vitality Grant, will open applications to Pierce County small businesses. The window for accepting applications is from 10AM PDT Wednesday, September 9, 2020 – 5PM PDT Sunday, September 20, 2020. In total $580,250 in CARES Act dollars have been allocated to this program, with $90,250 going to community organizations and $490,000 available for small businesses through $5,000 grants. View grant page for more information.
COVID-19 Information for Businesses and Government Agencies – Tacoma-Pierce County Health Department
Return to work safely. Is your business preparing to reopen? Use the tools and tips below to help open your business safely. See more information about reopening guidance. Download our reopening toolkit. We want to ensure Pierce County businesses reopen while maintaining the health and safety of employees and the public. Click here for more information.
The Best Small Business Government Grants in 2020 – Business.com
Finding the right financial solutions for your small business is time consuming – especially in these tough times. business.com looked at dozens of options to come up with the following recommendations.
Kitsap CARES – Small Business Rental Relief Grant Program – Kitsap Economic Development Alliance
The Kitsap Economic Development Alliance is partnering with Kitsap County, the City of Bremerton, and the City of Port Orchard to distribute federal CARES funding to offer up to $5000 rental relief assistance to local small business owners negatively impacted by COVID-19. Kitsap County and the City of Port Orchard are currently accepting applications. Apply now for business rent relief grants.
August 26: Your Questions Answered: PPP Loan Forgiveness – National Women’s Business Council
The National Women’s Business Council (NWBC) is partnering with the U.S. Small Business Administration (SBA) to discuss Paycheck Protection Program (PPP) Loan Forgiveness. Council Member Rebecca Hamilton, owner and co-CEO of Badger, will facilitate a Q&A discussion with Jeff Bass from SBA’s Office of Rural Affairs. August 26, at 10:00 AM PDT. Register here.
Beware of Malicious COVID-19 Phishing Scams – Small Business Administration
In the wake of emergency assistance available to help small businesses in response to the Coronavirus pandemic (COVID-19), the SBA is urging disaster loan applicants seeking federal aid to be alert to phishing campaigns and scams. These malicious actors are impersonating the SBA and its Office of Disaster Assistance to collect personally identifiable information (PII) for fraudulent purposes. Read more.
Things To Know About SBA COVID-19 Emergency Loan Programs As Of August 8, 2020 – MBDA-Tacoma Business Center
Update on Economic Injury Disaster Loan (EIDL), Paycheck Protection Program (PPP), and other valuable information.
August 11: Regional Business Roundtable with WA Senator Patty Murray – Tacoma-Pierce County Chamber & Partners
Senator Patty Murray will present updates on the regional impact of the pandemic, offer insights about what may be on the horizon, and address attendee questions and concerns. Don’t miss this opportunity to hear directly from your senator. Click here for login information.
IRS People First Initiative – Taxpayers Need to Resume Payments as of July 15 – IRS
The IRS reminds taxpayers who took advantage of the People First Initiative tax relief and did not make previously owed tax payments between March 25 to July 15 that they need to restart their payments. As the IRS continues to reopen its operations across the country, taxpayers who were in payment agreements and skipped any payments from March 25 and July 15 should start paying again to avoid penalties and possible default on their agreements. Read more.
$100 Million Rental Assistance Headed to Washington Communities – Washington State Department of Commerce
Washington State Department of Commerce is distributing approximately $100 million in state Coronavirus Aid, Relief and Economic Security (CARES) Act funding through its existing network of homeless services grantees and organizations serving homeless youth to operate a new rent assistance program launched Aug. 1. The program will focus on preventing evictions by paying up to three months of past due, current and future rent to landlords for eligible participants. Read full news release here.
August 3: COVID-19 Road to Recovery for AAPI (Asian American & Pacific Islander) Entrepreneurs – Small Business Administration
On Monday, August 3, 2020 at 2:30 pm PT, please join an Access Live event for AAPI entrepreneurs. Small businesses, non-profit organizations and faith-based organizations in need of financial assistance may join this call and learn what opportunities exist to recover from the COVID-19 global pandemic. Join the SBA and many other experts to learn how we can overcome these challenging times. See flyer here.
Updated Safe Start Guidance Effective July 30
Governor Jay Inslee announced several rollbacks to Safe Start reopening
guidelines. Most changes go into effect tomorrow. This memo provides updated information related to gatherings, live entertainment, restaurants and taverns, entertainment and recreational centers, card rooms, movie theaters, weddings and funerals. The Governor also extended the pause indefinitely on counties moving ahead in the Safe Start Washington plan.
Phase 2 and Phase 3 Restaurant, Tavern, Breweries, Wineries and Distilleries COVID-19 Requirements
MBDA-Tacoma Business Center Launches CARES Act Program
In response to the extraordinary challenges of the coronavirus, Tacoma MDBA- Business Center is offering additional support to small businesses. See webpage to inquire about support for minority and small businesses.
Pierce County CARES for Business: COVID-19 Business Resources – Pierce County Economic Development
> Forgivable Loans – Working Capital to Help to You Stay in Business and Retain Employees
– Small Business Relief Loan with Loan Forgiveness
– Apply for loan of $1000 per full-time employee, up to 20 employees
– Apply for loan forgiveness based on your workplace safety practices
> Offset Costs for COVID-19 Safety Related Business Expenses
– Apply for a grant to get reimbursed for up to 50% of expenses related to implementing safe start practices
> Free PPE to Protect Employees and Customers
– Request disposable, non-surgical masks and a no-touch infrared forehead – thermometer
The Deadline to Apply for PPP is August 8 – Small Business Administration
The PPP loan is designed to provide a direct incentive for small businesses to keep their workers on the payroll. The loan will be fully forgiven if the funds are used for payroll costs (at least 60% of the forgiven amount), interest on mortgages, rent and utilities. The last day to apply is Aug. 8, but don’t wait until then as it may take time to gather documentation and information lenders may need before they can submit your application.
Lowe’s-LISC Accepting Grant Applications – Lowe’s-LISC Partnership
Thanks to a $55 million significant commitment grant from Lowe’s, LISC will provide the emergency grant assistance that small businesses desperately need to stay afloat. $30 million will focus on small businesses owned or led by minorities and women, who often lack access to affordable capital. Applications must be submitted by Monday, August 3rd at 11:59 p.m. EST. Click here for information on how to apply.
July 29-31: Virtual Trade Show: COVID-19 MEDICAL SUPPLIES & PPE – Sacramento MBDA Export Center
To support our businesses during the COVID-19 pandemic, the Sacramento MBDA Export Center will facilitate the second Virtual Global Trade Show: COVID-19 Medical Supplies & PPE for buyers (domestic) and suppliers (domestic and international). By participating in the Global Virtual Trade Show, your business and product information will be saved in our directory to be referred to future procurement opportunities. Learn how to participate here.
July 16: Procurement Power Hour: Construction Contracting in Covid Phase 1 and 2, 9am – 10am – PTAC
Join this open forum discussion primarily for construction companies in SE and Central Washington that will explore experiences, concerns and ideas related to the current Covid-19 situation in our counties. Click here for more information.
$10 Million Pledged in Grants to Black Businesses – American Express
American Express is building a coalition, with the U.S. Chamber of Commerce Foundation, that will bring together the U.S. Black Chambers, the National Black Chamber of Commerce, the National Business League and Walker’s Legacy with a $10 million pledge over the next four years to fund a program that will provide grants to U.S. Black-owned small businesses to assist in their recovery and address the challenges they face due to racial and social inequalities. More information will be available at ShopSmall.com.
Manufacturer Recovery Assistance Funds – Impact Washington
Impact Washington is inviting Washington based US Small-and medium-sized manufacturers (SME’s) to apply for CARES Act Recovery Assistance funds. These funds provide services that directly support a manufacturer’s ability to recover from the coronavirus. There is no formal application process– your facility’s inquiry into getting the funds starts with a no-cost Recovery Assessment. Click here to learn more.
July 9: SBA Program Update and PPP Loan Forgiveness Application, 9am – 10:30am – WA Small Business Development Center
This webinar will cover recent updates to SBA COVID-19 related programs and the PPP loan forgiveness application and related instructions. Representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications and instructions including how it changes the rules related to owner compensation, FTE counts, the 24-week covered period, non-payroll costs and more. This will be a one-hour presentation followed by 30 minutes of Q&A. Register here.
SBA Began Accepting New PPP Applications – Small Business Administration
As of July 6th at 6 a.m. Pacific Time the SBA is accepting Paycheck Protection Program (PPP) Loan Applications again. The new deadline is Aug. 8, 2020. There is still $130 billion available. As before, businesses must work directly with lenders to apply for PPP. SBA’s Lender Match has been reverted to a CDFI and small lender finder for PPP.
June 26 – 9am PST: Road to Recovery for America’s Hispanic-Owned Businesses Friday – Small Business Administration
SBA invites you to join the COVID-19 Road to Recovery event for America’s Hispanic-Owned businesses. Entrepreneurs, non-profit organizations, faith-based organizations or anyone in need of financial assistance may join this call and learn what opportunities exist to recover during these challenging times.
Register in advance at www.access.live/SBA to receive a call at 9 a.m. PST on 6/26 or call 833-380-0652 at 9 a.m. PST on 6/26 to be connected to the interactive call or click here @ 9am PST on 6/26 to listen to the live event.
Unfinished Business: Funding for African American, Asian, and Latinx Businesses – Hennessy/LVMH Group
Hennessy is responding with a commitment to provide financial support for small businesses in the United States that are bearing a disproportionate share of the consequences of the crisis through an initiative called “Unfinished Business”. The program will support small businesses owned by Black, Hispanic and Asian Americans that have been hit especially hard by the crisis. Application open dates are from 6:00am PDT on June 22, 2020, to 8:59pm PDT on July 1, 2020. View application and requirements here.
Free Non-Contact Infrared Thermometers Available for Businesses – FEMA
This is an informational update. Washington will receive a total of 9,154 thermometers from FEMA. The Non-Contact Infrared Thermometers are being distributed to support the reopening of the Nation’s workplaces and restarting the American economy. FEMA made it clear that the distribution will be decided by the state. We have been made aware that 4,000 of the 9,154 thermometers have been approved to be distributed to businesses. Read this guide for the decision process for distributing the thermometers.
June 25: Live Webinar – PPP Loan Forgiveness Q&A with the Experts – Small Business Administration
Join us for this live webinar where representatives from the SBA and the Washington State Small Business Development Center (SBDC) will review the PPP Loan Forgiveness regulations and related applications and instructions including how it changes the rules related to owner compensation, FTE counts, the 24-week covered period, non-payroll costs and more. This will be a one-hour presentation followed by 30 minutes of Q&A. Register for the webinar here.
June 22nd: Oregon Webinar – Get answers to your PPP questions and more, 1:30pm – 2:30pm – Small Business Administration
Learn about the recent changes to the Paycheck Protection Program with experts from the Oregon Small Business Development Center (SBDC) Capital Access Team, Summit Bank and the U.S. Small Business Administration Portland District Office. This one-hour webinar will include Eric Lind from the Oregon SBDC’s Capital Access Team, Ashley Horner from Summit Bank and SBA Portland District Director, Martin Golden. After a short discussion, we will open it up to your questions. Register here
Pierce County COVID-19 Adaptation Grant Program: Reimbursement of Expenses Related to COVID-19 Safety Practices – Pierce County Economic Development
Many businesses and organizations in Pierce County will incur costs as they make changes to reopen consistent with the Governor’s Safe Start Plan. To protect the public and provide support to impacted organizations, Pierce County has created a grant program that may help offset some of these costs. See grant program requirements.
SBA’s Economic Injury Disaster Loans and Advance Program Reopened – Small Business Administration
To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 today. Learn more.
5 Things You Should Know About the Paycheck Protection Program (PPP) – Small Business Administration
Small Business Administration office of Pacific Northwest Region shared a bulletin today with an update about the Paycheck Protection Program. Update includes details of remaining PPP funding available, last date for PPP loan applications, resources and more. Click here to view news bulletin from SBA Pacific NW Region.
June 15th: Little Known GovCon Strategies for THRIVING in a Down Economy, 1 PM – 2:30 PM PDT
Carol Bernard, co-founder of Govolgy, will share how well-positioned savvy business can not only survive in down economies but can have some of their best years by seeking opportunities government marketplace. With talk of a new $2 trillion infrastructure stimulus package circulating in Washington D.C., it’s time for contractors to strategically position themselves to take advantage of upcoming opportunities. This webinar is open to any small business located in Washington, Oregon, Alaska, Idaho, and Montana. Register here.
Plan for a Successful Re-Opening: New Rebound and Recovery Website – Association of Washington Business
Many Washington businesses are getting ready to re-open. Association of Washington Business (AWB) wants to help make reopening as easy as possible to ensure your workplace is ready to safely welcome back your employees and customers. AWB has developed customizable materials to support your reopening – to help you communicate new COVID-19 requirements with your employees and customers. Click here to learn about the Rebound and Recovery toolkit.
June 9, 8 AM – 9 AM: Small Business Roundtable – A Virtual Conversation – Tacoma-Pierce County Chamber of Commerce
Join Tacoma Pierce County Chamber to reconnect and discuss ideas with friends and colleagues during the Chamber’s Small Business Roundtable. Free to attend. Space is limited to 40 registrants. Registration ends 5pm, June 8th. Click here to register.
FedEx #SupportSmall Grants – FedEx
FedEx is offering 200 grants of $5,000 each plus a $500 credit for packing and printing. The grant application process opens on May 25, 2020, and ends on June 12, 2020, at 11:59:59 p.m. ET. Apply promptly at FedEx #SupportSmall Grants.
General Business and Return to Work Inquiries – Washington State Department of Commerce
Washington State Department of Commerce Economic Resiliency Team (ERT) Business Response Center. Business owners and operators may obtain answers to general business inquiries regarding financial assistance, return to work or other business questions related to recovery efforts. Ask your question here.
PPP Loan Forgiveness Training Webinar – Small Business Administration
SBA Seattle and Washington SBDC recorded a PPP Loan Forgiveness training webinar with One Redmond and the Eastside Recovery Hub. The video recording includes a walkthrough of how to fill out the PPP Loan Forgiveness Application, you can also download the slides.
Updates on PPP Policy Released on May 22nd – Small Business Administration
On May 22nd, the U.S. Treasury released additional policy relating to the SBA PPP loan forgiveness policy:
– SBA Loan Review Procedures and Borrower and Lender Responsibilities
– PPP Interim Final Rule Loan Forgiveness
Pierce County CARES: Free Personal Protective Equipment (PPE) Available to County Businesses While Supplies Last – Pierce County Economic Development
Pierce County is providing free personal protective equipment (PPE) to county businesses to help them comply with COVID-19 workplace safety practices and protect employees and customers. This program is funded through $158 million in Coronavirus Aid, Relief, and Economic Security (CARES) Act federal dollars. A total of $30 million will be focused on economic stabilization and recovery projects in Pierce County. Click Here to Request PPE
Thursday, May 21, 12 PM: Join SBA and iHeartRadio for a Small Business Relief Webinar – Small Business Administration
Learn about COVID-19 small business relief and funding options from the SBA during this special webinar hosted by iHeartRadio. Tailored for small businesses based across the western U.S., SBA leaders will provide key information and answer questions on ways businesses can overcome the challenges created by this health crisis.
Enterprising Women of Color: The Formula For a Winning Comeback (May 13 – June 3) – Minority Business Development Agency
May 13 thru June 3, join the Minority Business Development Agency’s Enterprising Women of Color Initiative in partnership with the National Minority Supplier Diversity Council, as we present a 4-week virtual event series for women of color entrepreneurs looking to reevaluate their business strategies. During this virtual event series, we will also have resource providers on hand to share valuable information on navigating new opportunities to help you formulate your COMEBACK strategy. See registration links here.
SBA Releases PPP Loan Forgiveness Application and Detailed Instructions – Small Business Administration
The SBA, in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application. The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The SBA will soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities. See full newsletter here.
UW Consulting and Business Development Center Offers COVID-19 Recovery & Reconstruction Workshops – University of Washington
Faculty from the University of Washington Foster School of Business are offering a series of workshops to help companies pivot to new opportunities and position themselves for sustainable growth over the next two years. Each workshop will include both lectures from Foster School faculty and peer-to-peer discussions that will provide mutual support among business owners. Workshops will take place Wednesdays from May 13 thru June 24, at 5:30-6:30 pm. Sign up here.
Weekly Economic Resilience Team Newsletter – May 13, 2020: “Safe Start” Guidance Posted for Phase 1, Some Phase 2 Sectors
Phase 1 Guidance issued; covers construction, vehicle sales, drive-in spiritual services, car washes, landscaping, pet walking, and curbside retail. Each week, the newsletter will provide the latest news and information to help businesses and workers navigate the COVID-19 pandemic. Read full Newsletter here.
Back to Work Pierce County Resource Guide – Pierce County Economic Development
As Pierce County businesses continue to adapt during the COVID-19 pandemic, we’ve created a roundup of resources to help your business continue to operate under new guidelines or prepare to re-open. View the resource guide here.
May 20th Webinar: Small Business Resources and DBE Program Certification Guidance Updates NWR – U.S. Department of Transportation (DOT)
The Office of Small and Disadvantaged Business Utilization (OSDBU) in collaboration with the Departmental Office of Civil Rights (DOCR) and OSDBU’s Northwest Region Small Business Transportation Resource Center (SBTRC) will host a webinar to provide small businesses nationwide an opportunity to hear about recent Disadvantaged Business enterprise (DBE) program certification guidance and programs to assist them mitigate the impact of COVID19 pandemic. Wednesday, May 20, 2020 11:00 AM – 12:00 PM PDT. Register here.
May 7th, 11th, 12th: Small Business Requirements and Resources (SBRR) COVID-19 Impact Webinars – Small Business Liaison Team – Department Of Employment Security
This webinar provides a quick overview of some of the state responses, resources, and other impacts affecting small businesses.You’ll also learn about the Small Business Liaison’s team response to COVID-19; Getting unstuck – where to get further information and assistance to help you weather through this challenging period; Small business recovery conversations. Click here for information and registration.
Reopening Businesses in Washington: “Safe Start” Plan – Governor Jay Inslee
Some businesses could re-open as early as this week under the new COVID-19 order signed by Gov. Jay Inslee on May 4th. The state’s “Safe Start” plan is a phased approach to re-opening Washington’s economy. Under the plan, smaller counties can apply for a variance from the order which would allow them to open even more businesses than allowed statewide. Safe Start sets a careful approach to emerging from the pandemic. It allows for modifications of business closures and physical distancing measures while minimizing the health impacts of COVID-19.
> Read the full Safe Start policy plan here.
> Read the full story on the governor’s Medium page.
SBA EIDL Loan Portal Reopened for Agricultural Businesses – Small Business Administration
SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses. At this time, only agricultural business applications will be accepted due to limitations in funding availability and the unprecedented submission of applications already received. Applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. For agricultural businesses that submitted an EIDL application through the streamlined application portal prior to the legislative change, SBA will process these applications without the need for re-applying. Apply here.
ScaleUp: The COVID-19 Edition: 100 Slots in Free Online Training Series Open for Registration April 30th at 10 a.m. – Washington State Department of Commerce
The Washington State Department of Commerce has partnered with the Thurston Economic Development Council (EDC) to offer a new version of the EDC’s highly successful ScaleUp program aimed at helping small business owners move forward through the COVID-19 crisis.
“ScaleUp provides actionable ideas to help small business owners right now to weather the uncertainties of the coronavirus pandemic and develop resiliency for the future,” said Commerce Director Lisa Brown. Registration here.
Available Resources, Grants, And Loans For Small Businesses (April 27th update) – MBDA-Tacoma Business Center
As you may have already heard, SBA EIDL applications that have been submitted to the SBA but not approved due to lack of funding are being reviewed, processed and submitted during this second release of appropriations. They are NOT accepting any new applications online. The only application available is the regular Disaster Loan that you can apply for — but not the EIDL loan or $10,000 grant advance.
Good News! There are still other free grants, loan programs, and resources available to assist your business.
Manufacturing Recovery Preparedness Webinars: Back to Work Measures & Controls Webinars – Impact Washington & Economic Development Board Tacoma Pierce County
Join the experts from Impact Washington on a call and hear how they’ve been coaching manufacturers thru a process for back to work site compliance. They’re helping facilities determine whether Engineering Controls, Administrative Controls, or Personal Protective measures are recommended based on the work areas within their facility and each employees risk of exposure due to the nature of their job functions.
Select one of three webinar dates available: Thursday, April 30, at 11:00 AM; Tuesday, May 5, at 11:00 AM; Thursday, May 7, at 11:00 AM
Update for Sole Proprietors and LLCs Applying for Paycheck Protection Program
Guidance on providing payroll information for the PPP loan
What You Need to Know About the Latest Government Funds – Salesforce
On April 23rd, Congress passed an additional $310 billion to expand the Paycheck Protection Program (PPP) and help more small businesses access critical funding. The SBA has resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020 at 7:30am PDT. Salesforce has provided answers for questions small businesses may have about the new government funds. Read article.
Salesforce Care Small Business Grants – Salesforce & Ureeka
As part of Salesforce’s commitment to small businesses and giving back to the community, Salesforce is partnering with Ureeka to offer eligible small businesses the opportunity to receive a $10,000 grant to help them through the COVID-19 outbreak. The grant application opens to Washington-based businesses on April 27th at 8:00am and closes on May 4th at 11:59pm. We encourage interested businesses to review Ureeka’s FAQ’s and detailed eligibility requirements in advance of applying.
LISC Small Business Relief Grant – Local Initiative Support Corporation
Thanks to a $2.5 million investment from Verizon and a $1 million grant from Sam’s Club, LISC will provide the emergency assistance that small businesses desperately need to stay afloat. LISC will deploy grants up to $10,000 to help small businesses bridge the financial gap, and deliver technical assistance to help them navigate the intricate web of public and private resources now available. LISC will focus these efforts on historically underserved communities—especially those enterprises owned or led by women, minorities and veterans, which often lack access to affordable capital. Because of the urgency of the crisis, applications are due closing Tuesday, April 28th at 8:59pm (PST). Please read the grant Information and FAQ before applying. APPLY HERE!
April 23rd: How to Become a Seller on the Amazon Business Marketplace 10am – 1pm PDT (Recorded Webinar) – Amazon Business & Minority Business Development Agency
MBDA invites you to an overview of the Minority Business and Technology Initiative, a collaboration between Amazon Business and the U.S. Department of Commerce, Minority Business Development Agency (MBDA) that seeks to accelerate the inclusion of minority owned enterprises in e-commerce and to improve the use of digital technology for domestic and global sales. All small businesses are welcome to participate in this webinar. Visit the MBDA Minority Business & Technology Initiative webpage to learn more and see other webinar dates available.
Click here to view recorded webinar.
Resources for Small Businesses: Four Things You Can Do Now (April 22, 2020) – Small Business Administration
April 22nd: Rep. Kilmer Virtual Town Hall for Minority-owned Small Businesses, 3:30pm – 4:30pm
Congressman Derek Kilmer invites you to participate in a virtual town hall event focused on resources available to minority-owned small businesses that have been adversely affected by COVID-19. Since the passage of the CARES Act, the federal government has worked to provide economic relief for our nation’s small businesses – we want to ensure those who need help have access to the best and most accurate information.
Watch recorded Virtual Town Hall event here
Pierce County Emergency Small Business Relief Loan Program – Pierce County Economic Development
Pierce County Loan Funds are now available for business physically located anywhere in Pierce County including incorporated cities. Loan amounts up to $20,000 will be awarded, based on number of employees. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Applications will be accepted on a first come, first served basis, subject to available funds. See website for qualifications and to apply.
April 22nd: COVID-19 Stimulus Package- How To Access Funds, 12pm PDT – National Women’s Business Council
Join The Vinetta Project and The National Women’s Business Council for a Virtual Panel that will provide Startup Founders with the latest guidance on Loans, Grants and Payroll Relief from the Cares Act. We will bring together experts from the U.S. Small Business Administration (SBA), JP Morgan Chase, and KPMG to guide your through the rules and process. Register here.
SAVE SMALL BUSINESS INITIATIVE: U.S. Chamber Foundation Providing $5,000 Supplemental Grants to Small Employers – U.S. Chamber of Commerce
[Update: Applications have been closed] The U.S. Chamber unveiled its Save Small Business Initiative to address the immediate needs of the small business community, mitigate closures and job losses, and mobilize support for long-term recovery in the wake of the economic destruction of the COVID-19 pandemic. Applications for the Save Small Business Grant Fund will open this Monday, April 20, 2020, at 12:00 p.m. PT. There are several eligibility requirements including that business must be located within certain zip-codes. Eligibility requirements can be found here. Apply as soon as possible – grants based on order received.
TractionSpace from Tacoma is Hosting a Series of Free Business Webinars
Message from TractionSpace: “We are committed to keeping small businesses on the cutting edge. During this time of crisis, our normally affordable webinar series is now free.” TractionSpace represents the next generation of coworking businesses that are focused on helping members grow their businesses and optimize their work/life harmony.
April 17th: Helping Entrepreneurs Complete Strong PPP Applications: An Overview of the PPP Application Requirements 12pm – 1:30pm – National Development Council
An Overview of the PPP Application Requirements: If you’re looking to help your community’s entrepreneurs and nonprofits connect with Paycheck Protection Program (PPP) assistance, join us for a free webinar giving a line by line overview of the PPP application. By walking through the PPP application requirements live with a NDC GAF Loan Officer, you will gain a strong understanding of the requirements needed to put together a successful PPP application by the end of the session.
Updated Paycheck Protection Program (PPP) FAQ Sheet – Small Business Administration
On April 14th, the U.S. Treasury Department updated the FAQs on PPP, now including answers to 28 questions. It is recommended to use the online version of the PDF which can be found (and is likely to be updated again) at www.treasury.gov/cares under Assistance for Small Business.
Small Business Resiliency Assistance – WA State Department of Commerce
The Washington State Department of Commerce announced a new partnership with organizations that serve cultural and historically disadvantaged businesses and communities across the state. The Small Business Resiliency Assistance program will provide technical assistance to small business owners affected by the COVID pandemic. Find the list of participating organizations here.
April 16th: Examining Advanced Strategies for the CARES Act Webinar, 3pm – 5pm – Associated Builders & Contractors
Hear from industry experts on how to maximize your return from the Paycheck Protection Program (PPP) and the Employee Credit Retention credit. Lenders are available to answer questions about PPP process. FREE to participate! Click here to register.
This session is a kick-off for ABC Construction Business School for Spring 2020 term that starts May 5th and will be 100% virtual!
PayPal is now offering Paycheck Protection Program loans to more than 10 million small businesses – Fortune.com
“PayPal has received approval to provide small business loans through the government’s Paycheck Protection Program, a pillar of the $2.2 trillion stimulus package to alleviate economic stress from the coronavirus pandemic.” Read full article on Fortune.com here.
Rapid Response South Sound: Tacoma-Pierce County Chamber of Commerce creates one-stop resource for business concerns due to COVID-19 crisis
Rapid Response South Sound is here to provide expert guidance for South Sound employers so businesses like yours can comply with frequently changing rules and regulations.If you are unsure about lending options or developing regulations at the federal, state and local levels; the Rapid Response team are available to help you navigate the crisis. They have people who will talk with you personally and walk you through your available options and new resources. Ask an Expert plus large Resources and FAQ sections. Visit: www.rapidresponsesouthsound.com.
Attention King County Businesses: Facebook Small Business Grants Program
Facebook has allocated $8.5 million for King County business in cash grants and ad credits to help during this challenging time. Up to 30,000 eligible small businesses in more than 30 countries where Facebook operates will be able to receive the grant. See Program website for eligibility and more information.
April 8: Maintaining Cash Flow During the COVID-19 Crisis: An Overview of New Federal Support Programs & Practical Advice for Contractors, 1pm – 2:30pm– Associated General Contractors of America
This webinar will provide an overview of how construction firms can take advantage of recent federal programs created to support businesses during the COVID-19 crisis, including the new Small Business Administration (SBA) Paycheck Protection Program and revisions to the Economic Injury Disaster Loan program, as well as some tax relief and tax deferral programs created in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Register here for the webinar.
New Trump Administration Guidance Now Allows Firms With 500 Or Fewer Employees To Qualify For Paycheck Protection Program Loans – Associated General Contracts of America
The Associated General Contractors of America announced that the Trump administration released new guidance that now allows firms with 500 or fewer employees to qualify for the new Paycheck Protection Program Loans. Association officials noted that the administration released the new guidance after the association raised concerns over the weekend that many firms that employ 500 or fewer employees appeared to be excluded from the program. Read full article here.
Working Washington Small Business Emergency Grant program (WWSBEG) – StartUp Washington
Governor Inslee is offering a new Working Washington Small Business Emergency Grant program to assist small businesses impacted by the COVID-19 outbreak. Up to $5 million in funds are provided through the Governor’s Strategic Reserve Fund and administered by the State Department of Commerce. The grant program will provide a limited number of businesses in Washington’s 39 counties with a grant up to $10,000. Click here to learn about the eligibility and process.
April 9th: USHCC’s National Discussion with Henry Childs, Director, Minority Business Development Agency Regarding Resources for Small Businesses, 1pm PDT – United States Hispanic Chamber of Commerce
Please join the United States Hispanic Chamber of Commerce (USHCC), Ramiro Cavazos, President and CEO and Henry Childs, Director, Minority Business Development Agency for a national discussion regarding available resources and technical assistance for Hispanic and Minority-owned small businesses. Our member will have the opportunity to ask questions, receive information on MBDA resources, and share the needs of your respective communities.
April 8th: Coronavirus – Managing Your Amazon Business at This Critical Time, 10am PDT – Amazon Small Business Academy
During these unprecedented times, learn how you can make adjustments in your Amazon account and resources available to you through grants, loans, and education.
Amazon is hosting a series of webinars designed for small business owners and their employees to hear best practices for successful selling in Amazon stores. Click here to see all webinars.
April 8th: COVID-19 and the Trade War Webinar, 3pm – 4:30pm – World Trade Center Tacoma and Partners
An interactive webinar on the impact of the Trade War and COVID-19 on trade, and particularly for local small- and medium-size enterprises engaged in international trade. Listen and participate in a panel discussion on defending against this “one-two punch” as we cover supply chain disruptions, export sales challenges, and logistical issues from the global to local perspective. Registration.
SBA Released Interim Final Rule on the Paycheck Protection Program
This interim final rule announces the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Section 1102 of the Act temporarily adds a new product, titled the “Paycheck Protection Program,” to the U.S. Small Business Administration’s (SBA’s) 7(a) Loan Program. Section 1106 of the Act provides for forgiveness of up to the full principal amount of qualifying loans guaranteed under the Paycheck Protection Program.
See List of SBA Participating Lenders in Washington State.
Use this tool to find a participating SBA lender in your state: Find Eligible Lenders
NMSDC Info Webcast: April 3rd, 8 AM – 9:30 AM PDT: COVID-19 Town Hall. What is the COVID-19 Relief Stimulus Package? – National Minority Supplier Development Council
This virtual Town Hall welcomes key figures who were involved in crafting the Economic Stimulus package. The objective is to provide specific details of this particular piece of legislation passed in an effort to support the business sector and individuals during the COVID-19 Crisis at the local level. Register here for the NMSDC webcast.
EIG Webinar: April 3rd, 10 AM – 12 PM PDT: Understanding the Paycheck Protection Program Webinar – Economic Innovation Group
Join the Economic Innovation Group and Caleb Orr, Policy Advisor to Chairman of the Senate Committee on Small Business and Entrepreneurship Senator Marco Rubio, to learn about how the Paycheck Protection Program works, how it differs from other Small Business Administration loans, how to apply, where to find helpful resources, and what to expect from future federal efforts to support small businesses and entrepreneurs through the COVID-19 crisis. Applications open for paycheck protection loans for small businesses and sole proprietorships on Friday, April 3. Click here to register for the EIG webinar.
SBA & Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds – U.S. Small Business Administration
The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed. Read the full press release here.
SBA Programs – Beware of Scams and Fraud Schemes
Fraudsters have already begun targeting small business owners during these economically difficult times. Be on the lookout for grant fraud, loan fraud, and phishing. Learn about scam and fraud schemes from the Office of Inspector General
Snohomish County COVID-19 Response
The Snohomish County Emergency Coordination Center (ECC) has been activated to focus the community’s resources on combating the spread of the novel coronavirus/COVID-19. View the website for information and daily briefings about available resources and updates.
US Chamber’s Emergency Loans Small Business Guide and Checklist – U.S. Chamber of Commerce
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the “Paycheck Protection Program,” the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
**Small Business Owner’s Guide to the CARES Act – U.S. Small Business and Entrepreneurship Committee
To help small business owners and entrepreneurs better understand the new programs that will soon be available to them, the U.S. Small Business and Entrepreneurship Committee has created a comprehensive guide to many of the small business provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress. These programs and initiatives are intended to assist business owners with whatever needs they have right now. Download the guide here.
City of Tacoma COVID-19 Stabilization Loan Program
The City of Tacoma’s Community & Economic Development department has developed a COVID-19 Stabilization Loan program. Due to the negative impact COVID-19 and mandatory shutdowns are having on small businesses, the City of Tacoma will be offering micro-loans to existing small businesses (in operation for 1 or more years) with a physical location in Tacoma. Please review visit the FAQs page to learn more and to start the intake process.
Oregon State Coronavirus (COVID-19) Resources for Businesses
Resources for Oregon businesses looking for assistance in the event of local, regional, or statewide economic impacts due to identified disasters
Idaho Commerce COVID-19 Resources & Information
Idaho Commerce, in conjunction with the Governor’s Office, the SBA, and other State and Federal agencies, is working to provide resources and information to Idaho business and communities as they become available. Watch this page for updates and information as they become available. See COVID-19 Business Resources One-Sheet guide to available business resources in response to the COVID-19 emergency.
COVID-19 Stimulus Bill: What It Means for States – National Conference of State Legislatures
The U.S. Senate approved an estimated $2 trillion stimulus package to battle the harmful effects of the COVID-19 pandemic. See the link above for an overview of what’s included in the package
How Can MBEs Survive the Impact of COVID-19? – National Minority Supplier Development Council
Watch this YouTube video as Adrienne Trimble, President of the National Minority Supplier Development Council, interviews a panel of long-time Minority Business Enterprises (MBEs) that have experienced economic hardships. Tune in as they share what they have learned from previous National Crises.
WA State Small Business Emergency Grant Program (Coming Soon!)
Governor Inslee has created a Working Washington Small Business Grant program using a portion of the state’s Strategic Reserve Fund (SRF). The Department of Commerce is putting the finishing touches to the program’s guidelines and application. This link will be updated when more information is available.
Minority Supplier Development Council COVID-19 Supplier Matchmaker
Thee MSDC COVID-19 Supplier Matchmaker Site allows businesses/organizations interested in buying products OR services to input their needs and requirements in order to be matched with those that meet their specifications. In addition, those who are selling products OR services may share their capacity in order to be matched.
This business opportunity matchmaking portal has been designed by Michigan Minority Supplier Development Council to immediately assist corporations, government agencies, small businesses and entrepreneurs in order to accelerate the national response to the COVID-19 pandemic.
Pierce County Council Adopts COVID-19 Emergency Small Business Relief Loan Program
The Pierce County Council enacted the COVID-19 Emergency Small Business Relief Loan Program on March 24, 2020, a direct action to keep businesses located in unincorporated Pierce County in operation and protect jobs threatened by the COVID-19 pandemic. Loan amounts up to $10,000 will be awarded, based on number of employees. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Learn more.
Notice About Changes and Updates to the SBA Website
Update from SBA: The SBA is working diligently to meet customer demand for the SBA Economic Injury Disaster Loan (EIDL) program and make the process as user-friendly and easy as possible for you.
As we make changes, we will have update periods where things will be in flux. While this is happening now, we still want to make sure you have a way to fill out and submit your application. If you are having issues accessing the website, try clearing your browsing data/cache.
Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount
Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. This deferment applies to all taxpayers, including individuals, trusts and estates, corporations and other non-corporate tax filers as well as those who pay self-employment tax.
See Filing and Payment Deadlines Questions and Answers for more information.
List of Essential Critical Infrastructure Workers During WA State Stay at Home Order
On March 23, 2020, Gov. Jay Inslee has issued a Stay at Home, Stay Healthy order in Washington state which will be effective for a minimum of two weeks. In accordance with this order, the Governor has designated the following list of “Essential Critical Infrastructure Workers” to help state, local, tribal, and industry partners as they work to protect communities, while ensuring continuity of functions critical to public health and safety, as well as economic and national security.
SBDC Webinars for Small Business Owners
See link above for list of free webinars from Small Business Development Center (SBDC), including:
Business Survival Strategies – March 27, 1:30 p.m.
Navigaing the SBA Economic Injury Disaster Loan (EIDL) – March 27, 3:00 p.m.
Cyber Security: Protecting Your Computers During COVID-19 – April 2, 9:00 a.m.
Keeping the Lights On: Small Business Resiliency Webinars:
March 24, 9:00 a.m. | March 25, 2:00 p.m. | March 26, 9:00 a.m. | March 31, 9:00 a.m. | April 1, 2:00 p.m.
For Workers Affected by COVID-19 – Washington State Employment Security Department
If you are affected by COVID-19, Washington State Employment Security Department (ESD) has programs that may be able to help. Their department has adopted a series of emergency rules to relieve the burden of temporary layoffs, isolation and quarantine for workers and businesses.
See message from the Employment Security Department Commissioner for brief summaries of ESD programs.
Export-Import Bank of the United States (EXIM) – Coronavirus Response
EXIM is committed to fully supporting the U.S. exporting community during this crisis. Their page will be updated with any information about EXIM’s response activities.
For internal clients: Are you worried about international sales due to COVID-19? Click here to download the Guide to Export Credit Insurance eBook
NCSL Coronavirus (COVID-19) Resources
National Conference of State Legislatures (NCSL) has provided a page with daily updates to reflect new resources in policy areas ranging from education to health care costs and access. Visit NCSL page for resources, webinars, and upcoming podcasts.
DHS Relaxes Form I-9 Review Requirements – Society for Human Resource Management
The U.S. Department of Homeland Security (DHS) announced that it will defer the requirement for employers to review, in person, Form I-9 documents. The change applies only to those employers that have instituted remote work. The physical documentation review requirements will not be excused if any employees are physically present at a work location. Read more.
Briefing from SBA Administrator Jovita Carranza on COVID-19 (Virtual Conference Call)
On March 20th, at 11:30am PDT (2:30pm ET) join SBA Administrator Jovita Carranza and U.S. Black Chambers, Inc. for a national update on COVID-19’s economic impact and the SBA’s targeted relief efforts for the nation’s small businesses. Register for the Virtual Conference Call.
Make It Tacoma Website: COVID-19 Resources
The City of Tacoma is concerned about the impacts of COVID-19 on small businesses related to their potential loss of revenue, possible employee layoffs and long-term resiliency. We want to ensure that you are connected to key resources that may assist in your decision-making and facilitate access to economic support. In addition, we are working to create additional tools to enhance your viability.
SBA: Economic Injury Disaster Loans
Learn about the eligibility, terms, and how to apply for SBA’s Economic Injury Disaster Loan (EIDL). If you have suffered substantial economic injury and are one of the following types of businesses located in a declared disaster area, you may be eligible: Small Business, Small agricultural cooperative, Most private nonprofit organizations.
Participate in the Economic Impact Survey for King, Snohomish, and Pierce Counties
Businesses and non-profit organizations in King, Snohomish, and Pierce counties are invited to complete this survey. The information will be used to identify the extent of the economic impacts, suggest ways to speed recovery, and support requests for state and federal emergency funding.
Guidance on Analyzing Issues Related to Gifts of Public Funds During the COVID-19 Pandemic – March 17, 2020 memo from WA State Attorney General Bob Ferguson issued to State Agencies and Local Governments.
Small Business Resources, SBA Disaster Loan topics of March 18 COVID-19 Conference Call (Source: The Suburban Times)