Covid-19 Economic Assistance for Small Businesses

On Thursday, March 12th, 2020 the Small Business Administration announced Disaster Assistance Loans.  See the attached news release and find more information with the links included below.

Economic Injury Disaster Loan Program

Guidance for Businesses and Employers

SBA Products and Resources

Government Contracting

Local Assistance

Other options for help and assistance for small businesses are available from the local and federal government.

  • $5 Million in Small Grants from Governor’s Strategic Funds
    Up to $5 million of the Governor’s Strategic Reserve Funds will be made available as small grants to small businesses across the state to help prevent closure due to COVID-19. The state Department of Commerce will coordinate an application process.
  • City of Seattle Small Business Stabilization Fund
    Approximately $2.5 million is available for the City of Seattle Small Business Stabilization Fund, an emergency fund that provides working capital grants in amounts up to $10,000 to qualifying small businesses. Eligibility criteria and how to apply is here: seattle.gov/office-of-economic-development/small-business/small-business-programs-/stabilization-fund- Deadline to apply is March 25.