Please see below for a list of loan and grant programs available for businesses during the COVID-19 Pandemic. This list will be updated as we receive new information.
For businesses located in South Sound area, Rapid Response South Sound is available to support with additional information and resources.
The Tacoma-Pierce County Chamber of Commerce has partnered with the Economic Development Board of Tacoma-Pierce County to respond to the business community’s top concerns surrounding the COVID-19 pandemic by developing a Rapid Response Team and Rapid Response South Sound website co-sponsored by the City of Tacoma and other local businesses and organizations. Answers are provided to specific questions previously posed by businesses regarding the following topics: Financial Assistance; Government Regulation Assistance; HR & Employee Assistance Legal Assistance; Communications Assistance.
Businesses and organizations also have the opportunity to ASK THE EXPERTS to resolve their issues. Reliable responses will be provided within 24 hours.
Open Loan and Grant Programs
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.
Lakewood COVID-19 Business Grant – City of Lakewood
If your business has been impacted by the COVID-19 pandemic, you may be eligible to apply for assistance if you meet the criteria outlined here. The program will remain open until all funds are exhausted. Funds could be used as working capital for the business without any restriction other than they must be a documented business expense used for day-to-day operations.
City of Orting CARES Business Relief Grant
The City of Orting Council has allocated $100,000 of its CARES Funding to provide grants to small businesses who have faced hardship due to the COVID-19 pandemic. Grant amounts will be based on documented need, but will not exceed $15,000 per business or common owner. Applications must be submitted in person and the City will not accept mailed or electronically delivered applications. Read on for more details and instructions.
Pierce County: Emergency Small Business Relief Loan Program – 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. Applications will be accepted until funds are exhausted. 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.
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.
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. Priority will be given to applications received by 5 p.m. Dec. 11. Businesses are encouraged to start their application today, especially if they think they’ll need technical assistance.
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.
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.
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.
LISC Small Business Relief Grant – Local Initiative Support Corporation
Thanks to support from a variety of funders, LISC’s Small Business Relief Grant program has provided over 3,000 entrepreneurs with grants totaling over $48 million during the Covid-19 pandemic to help them stay in business and continue to contribute to their local economies. See LISC website for additional small business grant opportunities and resources at the local level that you may apply for. And please check back to this page for future announcements.
Amber Grant for Women – WomensNet
WomensNet founded the Amber Grant Foundation in 1998, giving away at least $10,000 every month in Amber Grant money. They have also expanded their grant-giving to include a year-end grant of $25,000. Applying is simple. Just take a few minutes to tell about yourself and your business dream. $10,000 Amber Grant recipient is announced the first week of every month. Apply here.
Closed Loan and Grant Programs
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.
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.
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.
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.
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.
$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 and webackblackbusinesses.com.
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.
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.
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.
Amazon: Neighborhood Small Business Relief Fund (Select Seattle & Bellevue Areas)
Small businesses within the South Lake Union and Regrade neighborhoods as well as the ones adjacent to the buildings Amazon occupies in Bellevue will be eligible to apply for grants so they can continue to retain and pay their employees, stay current on rent, and cover other fixed costs related to their operations.
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!
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.
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.