Assistance for Businesses and Organizations

Government building

Government Assistance

Refer to reopening guidance for businesses and workers from the Washington State Governor’s office to find guidance for your specific industry on how to reopen your business during the pandemic while continuing to protect public health. These documents are being updated regularly.

Coronavirus Aid, Relief and Economic Security (CARES) Act

The $2 trillion CARES Act passed by congress and signed by the president includes a number of investments for businesses and workers, including:

  • The Paycheck Protection Program (PPP) is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. If all employees are kept on payroll for eight weeks, SBA will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable. To help bring workers who may have already been laid off, the program can be retroactive to Feb. 15, 2020, so employees can return onto payrolls.
  • Expanded federally-funded unemployment benefits workers who have been laid off or lost hours.
  • Direct funding for state and local governments to help with the fiscal impact of COVID-19.

You can read a full summary of what the CARES Act includes here. A more detailed summary of the Paycheck Protection Program can be found here.

Note: while the initial round of funds for PPP ran out quickly, Congress recently approved an additional round of funding for this program. The SBA resumed accepting Paycheck Protection Program applications from participating lenders on Monday, April 27, 2020.

Small Business Association Loans

In addition the PPP loans, the SBA has made loans available statewide to small businesses and private, nonprofit organizations to help alleviate economic injury caused by COVID-19. This will apply to current and future disaster assistance declarations related to COVID-19.

Under CARES, the SBA’s existing  Economic Injury Disaster Loans (EIDL) can provide an advance of up to $10,000 of economic relief to businesses that are currently experiencing temporary difficulties. These can help meet necessary financial obligations that a business could have met had the disaster not occurred. At this time, only agricultural business applications for EIDL will be accepted due to limitations in funding availability and the unprecedented submission of applications already received.

SBA Express Bridge Loans enable small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly.

The SBA is also providing a financial reprieve through debt relief to small businesses during the COVID-19 pandemic.

The City of Seattle Office of Economic Development has offered assistance for businesses to access these loans. For information, visit their SBA Disaster Loan information page. For city assistance with this process, email oed@seattle.gov.

Extensions on Tax Filing

The Washington State Department of Revenue (DOR) can work with impacted companies that request an extension on tax filing. The law grants the department authority to extend the due date for excise tax returns. A business may request such an extension from the department prior to the due date of the return and, if granted, the business would be allowed to delay reporting and paying its tax liability. If a business needs an extension of more than 30 days, the law requires the department to collect a deposit from the business. DOR may also waive penalties under limited circumstances if a business is late in paying its tax obligation. The state’s Employment Security Department has also developed rules to retain incomes for workers and stabilize businesses. For more information, consult the Washington State Department of Revenue COVID-19 response page.

Deferral of City Business and Operations Taxes

Effective immediately, the Department of Finance and Administrative Services will defer business and operations (B&O) collection for eligible business owners, allowing small business owners increased flexibility during a period of financial duress caused by the COVID-19 outbreak. Eligible businesses include those that have annual taxable income of $5 million or less and currently pay city taxes on a quarterly basis. Businesses will have until late 2020 to pay their B&O under this plan. To find out more, visit the city’s B&O information page.

Relief for Utility Payments

As announced earlier by Mayor Durkan, all Seattle Public Utilities and Seattle City Light customers can set up deferred payment plans if their financial stability has been jeopardized by COVID-19. Residential and commercial customers can set up deferred payment plans if their financial stability has been jeopardized by COVID-19 by calling 206-684-3000 or using this form.

Expansion of Small Business Stabilization Fund

Seattle’s Office of Economic Development (OED) expanded its Small Business Stabilization Fund to support income-qualified microbusinesses. To supplement the federal government’s relief effort, the city’s fund targeted outreach to microbusinesses in areas at high risk of displacement. Eligible business owners were able to access these funds regardless of immigration status.

Please note that this fund was accepting applications through March 25, 2020 but another round of funding is expected soon as additional funds become available.

Keep Workers Healthy and Safe Fund

The Seattle Metropolitan Chamber of Commerce set up the Keep Workers Healthy and Safe Fund to provide immediate cash relief so small businesses can help keep workers healthy & safe during the COVID-19 pandemic. This assistance is designed to help employers continue to provide uninterrupted medical insurance for their employees and keep employees safe by offsetting the costs of additional sanitation and safety supplies.

Small Business Legal Support

Seattle’s Office of Economic Development has been working with Communities Rise to develop small business legal support services related to COVID-19 impacts.

COVID-19 Lease Amendment Toolkit

COVID-19 Legal Clinic intake form for businesses who are interested in meeting with a lawyer for a free 60-minute consultation:

General criteria to receive the services:

  • Must be a business with 50 employees or less
  • Must be a business adversely impacted by COVID-19
  • Must be a Washington State business

Communities Rise offers phone interpretation support in many different languages. If interpretation support is needed, please be sure to select the language you need in the intake form.

Seattle Protects – Accessing Masks

The City of Seattle created the Seattle Protects marketplace to connect local companies, organizations, and community members interested in producing, requesting, and donating cloth face coverings for the greater Seattle community during the COVID-19 pandemic.

Seattle Protects was created to:

  • Protect public health by helping businesses and communities access face coverings;
  • Support local manufacturers and small businesses;
  • Provide access to cloth face coverings to vulnerable populations by providing community-based organizations that serve immigrants and refugees, people experiencing homelessness, and older adults a place to source affordable face coverings; and
  • Reduce competition with the health care sector for medical-grade masks

All vendors on the Seattle Protects information page agree to sell face coverings in bulk between $5.00 to $7.00 per face covering.

Money

Private Assistance

Amazon’s Neighborhood Small Business Relief Fund

Amazon has created a $5 million Neighborhood Small Business Relief Fund to provide cash grants to local small businesses that need assistance during this difficult time. The fund is intended for small businesses with fewer than 50 employees or less than $7 million in annual revenue, physical presence within a few blocks of their Regrade and South Lake Union office buildings, that are open to the general public, and that are reliant on foot-traffic for customers. If you think your business matches this criteria, check out their blog post and email smallbusinessfund@amazon.com for more information.

The Food and Beverage Industry Relief Fund

The James Beard Foundation is launching a fund that will be gathering support from corporate, foundation, and individual donors to provide micro-grants to independent food and beverage businesses in need.

Funded by a $7.5 million donation from Verizon, this fund is offering grants to help small businesses fill urgent financial gaps until they can resume normal operations or until other more permanent financing becomes available.

As of May 20, applications for this fund are closed.

Chinatown International District COVID-19 Response Fund

The Chinatown International District Business Improvement Area, Friends of Little Saigon, and the Seattle Chinatown International District Preservation and Development Authority have started the Chinatown International District COVID-19 Response Fund to provide direct assistance to restaurants in the district experiencing hardship due to COVID-19’s economic impact. Information can be found on the SCIDpda website.

 

SLU Chamber Small Business & Nonprofit Relief Fund

The South Lake Union Chamber is raising funds for businesses and nonprofits located in the neighborhood with fewer than 50 employees or less than $7 million in annual revenue. Visit the SLU Chamber Small Business & Nonprofit Relief Fund page for more information.

West Seattle Junction Small Business Relief Fund

The WSJA has set up a Junction Small Business Relief Fund, a fundraising campaign to help cover essential monthly expenses like utility bills and payroll taxes of merchants and service providers in West Seattle.

 

The Seattle Sounders FC Relief Fund

The Seattle Sounders FC Relief Fund was created to support individuals, small businesses and nonprofits located in CenturyLink Field and in SODO, Pioneer Square and Chinatown-International District that adversely impacted by the postponement of the 2020 MLS season due to COVID-19.

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Other Resources

Questions may be directed to our Senior Research Manager, Elliott Krivenko, at elliottk@downtownseattle.org.