FINANCIAL ASSISTANCE PROGRAMS AND SMALL BUSINESS LOANS
Information about the Paycheck Protection Program, Small Business Administration Loan Forgiveness, and other loan options, coronavirus.gov: CLICK HERE for more information.
ATTENTION: On January 11, 2021, the U.S. Small Business Administration and the Department of Treasury announced the reopening of the Paycheck Protection Program (PPP) under new guidance. (Click here to read more)
Member Financial Institutions Available to Process PPP Applications:
Verity Credit Union - 1424 Supermall Way, STE 200, Auburn (CLICK HERE for more information)
Columbia State Bank - 2041 Auburn Way N, Auburn (CLICK HERE for more information)
Umpqua Bank - 1261 Auburn Way N, Auburn (CLICK HERE for more information)
CLICK HERE for an informational guide and checklist to the U.S. Chamber of Commerce Small Business Emergency Loan program.
CLICK HERE for information on the U.S. SBA Express Bridge Loan Program.
CLICK HERE for an informational guide and checklist to the Paycheck Protection Program. (CLICK HERE for more information from the U.S. SBA)
CLICK HERE for an informational guide to the Employee Retention Tax Credit.
CLICK HERE for information about SBA loans and financial support programs from King County: "Business Assistance Funds Available for Small Businesses Experiencing Economic Loss Due to COVID-19"
Green River College Small Business Center: A FREE resource for small business assistance. During emergency times, the center helps small business owners by serving as a sounding board, assisting business owners thinking through their resources and options, as well as connecting them to resources and providing assistance through processes such as applying for SBA Disaster Loans, available to businesses impacted by COVID-19 response efforts. CLICK HERE to learn more about the GRC Small Business Center.
Information about Paid Sick and FMLA Programs: Employer Guide, U.S. Chamber of Commerce: CLICK HERE for more information.
"COVID-19 Resource List for Impacted Washington Businesses and Workers," Governor Jay Inslee's website: CLICK HERE for more information.
"COVID-19 Resources for Employers," Association of Washington Business: CLICK HERE to learn more.
"For Workers and Businesses Affected by COVID-19 (Coronavirus)," Washington State Employment Security Department: CLICK HERE to learn more.
"Energy Saving Tips for COVID-19 Home Isolation: A Message from Puget Sound Energy," Auburn Area CONNECT blog (3/20/2020): CLICK HERE to learn more.
"Business Planning for COVID-19/Coronavirus Response," Auburn Area CONNECT blog (3/6/2020): CLICK HERE to learn more.
SharedWork -- SharedWork is a smart alternative to layoffs. It allows employers to reduce hours and let their employees collect partial unemployment benefits to replace a portion of their lost wages. Changes have been made to make this program more accessible during the COVID-19 crisis. CLICK HERE to learn more.
Information on Business Filing -- From the WA Employment Security Department
Filing your reports on-time is still important -- now more than ever. An unprecedented number of Washingtonians are applying for unemployment and Paid Family and Medical Leave. Your reports are crucial to finding out if they are eligible to establish a claim. Quarterly reporting for both Unemployment Insurance and Paid Family & Medical Leave starts April 1, 2020 and ends April 30, 2020.
COVID-19 has disrupted operations for businesses throughout our state. While it is still important to file in April, we are offering more leniency to employers who can't file on time because of COVID-19, including the waiver of penalties for late responses as a result of the crisis. CLICK HERE to learn more.
Open for Small Business Initiative
Washington Prime Group recently partnered with the Institute for Justice Clinic on Entrepreneurship and the University of Chicago to launch a new initiative designed to help address the unprecedented business closures resulting from the COVID-19 pandemic. The initiative has already developed an easy-to-use lease modification form, as well as other relevant templates, allowing for payment deferral until local entrepreneurs get back on their feet. CLICK HERE to learn more.
Save Small Businesses Fund
The U.S. Chamber of Commerce is offering financial assistance and support to small busineses and local chambers of commerce. Grants in the amount of up to $5,000 will be distributed to small businesses. The grant application program opens on April 30th. CLICK HERE to learn more.