COVID-19: Resources available to businesses UPDATED 04/28/2020
Coronavirus Disease 2019 (COVID-19) resources available to businesses
Maple Valley, Wash. - April 20, 2020 - Facebook is announcing a grant program which allows small businesses in King County to apply early for their grant program (see details below). This program offers $100M in cash grants and ad credits, and will fund up to 30,000 eligible small businesses in more than 30 countries.
Selection criteria includes:
- Be a for-profit company
- Employ between 2 and 50 employees
- Have been in business for over a year
- Have experienced business challenges from COVID-19
- Be in or located near a location where Facebook operates (businesses in Maple Valley qualify)
The application will be open for 2 weeks.
Find out if you’re eligible for Facebook’s Small Business Grants Program at this link: www.facebook.com/business/boost/grants?content_id=y1zmXnGuMBYk3l6
Maple Valley, Wash. - April 16, 2020 - As of Thursday morning, April 16, the SBA has lapsed in appropriations for disaster funding. Here is the official notice from the SBA website: Lapse in Appropriations Notice: SBA is unable to accept new applications at this time for the Paycheck Protection Program or the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program (including EIDL Advances) based on available appropriations funding. EIDL applicants who have already submitted their applications will continue to be processed on a first-come, first-served basis. To learn more about other relief options available for small business, click here. SBA Administrator Jovita Carranza and U.S. Treasury Secretary Steven Mnuchin have issued this joint statement appealing to Congress for additional funds to pass. Please check back into www.sba.gov/coronavirus for new information.
Maple Valley, Wash. - April 8, 2020 - Governor Inslee announced a new Working Washington Small Business Emergency Grant program to assist small businesses impacted by the COVID-19 outbreak. Businesses with up to 10 full-time employees (FTEs) may apply for a one-time grant of up to $10,000.
To learn more and to apply, please visit: http://startup.choosewashingtonstate.com/covid-grants/.
Updated federal resources are also available on the StartUp Washington webpage including:
- the CARES Act funds
- CARES Act Highlights from the U.S. Chamber of Commerce
- CARES Act Small Business Owner’s Guide from U.S. Senator Durbin’s office
- SBA Small Business Loan Application and a broader range of SBA programs
Maple Valley, Wash. – March 27, 2020 – The City of Maple Valley is sharing the following COVID-19 Business Resources to assist local businesses during this crisis and to assist them in recovering from these impacts as quickly as possible. These guidelines provide a lot of information, including checklists, templates, and plans.
Please be sure to check with local financial institutions (banks, credit unions) and/or your accountant to take advantage of the two Small Business Administration loans that are currently available: 1) EIDL (Economic Impact Disaster Loan) and 2) PPP (Paycheck Protection Program). Below you will find an infographic with important information about both SBA loans. The PPP loan application opens on Friday, April 3rd. Don't delay if you are thinking about applying for either loan program.
Essential Business Inquiries
If small businesses want to know if they are considered an essential business, they can complete information on this link and get a response back from the State of Washington.
What Businesses Are Open and Closed in Washington State
Coronavirus (COVID-19): Small Business Guidance & Loan Resources
Printable Pandemic Flu Planning Guidelines for Businesses
Guidelines for Business Continuity During Pandemic Flu
Resource List for Businesses and Workers Impacted by COVID-19
Guidance from the Washington State Department of Health
Toolkit for Reopening Business
Reopening the Workplace Webinar
New federal legislation has opened the possibility for small businesses to receive financial assistance for economic loss due to COVID-19. Details of eligibility are still being addressed by the Small Business Administration, however, some information from the traditional SBA Economic Injury Disaster Loan program applies to this health crisis.
It’s extremely important for businesses to document any financial losses using the Economic Injury Worksheet provided to us by the Washington State Department of Commerce. The form can be found on this link http://startup.choosewashingtonstate.com/wp-content/uploads/2020/03/Economic-Injury-Worksheet-051410.pdf
If any businesses operating in King County have questions regarding the report of financial losses, please contact ECC Operations at firstname.lastname@example.org
If a small business has suffered substantial economic injury as a result of COVID-19, it may be eligible for financial assistance from the U.S. Small Business Administration. Likewise, businesses that have suffered substantial economic injury may be eligible for the SBA’s Economic Injury Disaster Loan Program. Other resources may become available as this health crisis unfolds. Please do your best document these impacts.
One stop source of information
Our partners at Greater Seattle Partners have compiled a list of resources specifically for the business community. The resources can be found at https://greater-seattle.com/en/corona-virus Please bookmark it and refer back to it since new information will be posted there as it becomes available.
Other organizations that are providing COVID 19 Resources Information
Maple Valley/Black Diamond Chamber of Commerce – COVID 19 Resources for Business
Association of Washington Cities - Coronavirus (COVID-19) Resources
Association of Washington Business - COVID-19 Resources for Employers
SBA To Provide Small Businesses Up to $2 Million in Disaster Assistance Loans
Please share this information with your colleagues and networks.
For more information contact Tim Morgan, Economic Development Manager at 425-431-8800 or email@example.com.
Press Release [PDF]