GSI, West Plains Chamber, Greater Spokane Valley Chamber, Downtown Spokane Partnership and Visit Spokane are concerned about you and your business as we are all navigating uncharted waters with COVID-19.
How is COVID-19 affecting you? Please take the business survey below. This confidential survey should take 5-10 minutes to complete. The goal is to understand and capture your business needs to help provide visibility into the vast array of resources being established at the local, state and federal levels.
Many Washington employers will have access to a $377 billion loan and grant package that the Senate has allocated for America's struggling small businesses. Read more about the nationwide relief package below.
Economic Injury Disaster Loans
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Washington small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19).
Paycheck Protection Program
Applications Open April 3. Available through June 30, 2020.
Loans will be forgiven for businesses and nonprofits that keep their workforce during the pandemic. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Lenders will begin processing applications on April 3 for businesses.
Independent contractors and self-employed individuals can apply beginning April 10. Nonprofits are also eligible.
- Contact your current lender or area lenders.*
- Complete a Paycheck Protection Application Form.
*There may be a slight lag until financial institutions are able to onboard some of the federal relief because they are still determining how to enable their systems to conform to the new policy rules.
Facebook is offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses.
The Washington Small Business Development Center (WSBDC) Business Resiliency Toolkit is to be used in conjunction with the Washington SBDC Small Business Resiliency Guide.
Join the COVID-19 bi-weekly Business Impact Webinar presented by the Association of Washington Business. Hear what resources are available for you and your business as we navigate how COVID-19 continues to impact our state and the economy. AWB members or any Washington employer is invited to join.