Coronavirus (COVID-19): Relief options and Additional Resources
I'll add another links to resources here. There appear to be lots of grants and programs springing up to help support businesses at this time. I do not endorse any of these programs. You will need to do your own due diligence. Sometimes there is a business behind the grant with their own business agenda and you'll need to decide for yourself if it is a good fit.
FinImpact - a list of small business grants. It looks like FinImpact is a lender matching website.
Update 4-7-2020 Small
Click here for small business grant info specifically for Washington State. Working Washington Small Business Emergency Grants
Small Business Administration (SBA) website.
SBA Funding Options website. In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak.
The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.
2. EIDL Loan Advance website.
This loan advance, of up to $10,000, will provide economic relief to businesses that are currently experiencing a temporary loss of revenue and will not have to be repaid.
3. SBA Express Bridge Loans website.
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
4. SBA Debt Relief website.
- The SBA will automatically pay the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months.
- The SBA will also automatically pay the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.