Odezza | Bumbershoot 2017 | Photo by Alan Crick
Check out these local resources for up-to-date information on business and organization support:
- State of Washington COVID-19 resource list for impacted Washington businesses and workers
- City of Seattle Financial Support for Small Business and Nonprofit Organizations Impacted by COVID-19
Small Business Administration (SBA) Loans
CARES Act package expands jobless aid by providing an additional 13 weeks and a four-month enhancement of benefits. For the first time in history these benefits are extend to freelancers and gig workers. In addition, this act includes $377 billion in federally guaranteed loans to small businesses through the SBA programs.
Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses and non-profit organizations to keep their workers on the payroll. The loan may be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (at least 75% of the forgiven amount must have been used for payroll).
Economic Injury Disaster Loans (EIDL) are SBA emergency relief funds of immediate cash assistance up to $10,000. You can receive these loans and still apply for and receive the PPP loans, but the EIDL will be taken into consideration in the amount forgiven of the PPP.
- US Chamber of Commerce SBA Loans Small Business Guide and Checklist covers PPP and EIDL and provides an overview of the loan amounts and calculations for small business.
- The Small Business Owner’s Guide to the CARES Act has Q & A on both types of loans.
- Seattle’s Office Economic Development is providing assistance to businesses applying for these loans, including helping them navigate the application process and assemble the required documents. Businesses interested in these services should complete an intake survey and OED staff will reach out within one business day. If a business needs assistance completing the intake they can call OED directly at (206-684-8090).
- Independent Sector fact sheet on the CARES Act: How to Apply for Nonprofit Relief Funds
- SBE Council fact sheet on the CARES Act: What’s in it for Small Businesses, the Self-Employed and Gig Workers
Creative Sector Employer Benefits
- Washington State Benefits for Employers including unemployment.
- Specific Unemployment Q & A for employers from the WA Employment Security Department covering if you can pay the difference between unemployment benefits and employees’ wages, getting help on the phone, filing paperwork, permanent closures and more.
- US CARES Act Unemployment FAQ with specific sector explanations of some of the unemployment expansions including:
- Unemployment compensation support for Nonprofit Organizations that have “reimbursable arrangements” with state unemployment programs (p2)
- Self-employed workers and workers in the gig economy eligibility for unemployment compensation (p2)
- Unemployment benefits for workers in the performing arts and other industries that were about to start new contracts and had them canceled due to the COVID-19 outbreak (p3)
- Video: Navigating State Unemployment in a Pandemic: Standby, Partial Work, and Shared Work via the Seattle Chamber of Commerce covers information both for employers and employees. (Note the presentation starts at the 28 min mark).
Organization & Business Finances
- Evictions of small business and nonprofit tenants are temporarily halted in Seattle for non-payment of rent or expiration of your lease
- Insurance Information for Businesses in Washington
- Event Cancellation Insurance Information in Washington
- City of Seattle B&O Tax Deferment Information
- Washington State B&O Tax Relief Information
- Internal Revenue Service (IRS) is allowing corporate taxpayers a deferment of up to $10 million of federal income tax payments that would be due on April 15, 2020, until July 15, 2020, without penalties or interest. This guidance does not change the April 15 filing deadline.
Grants & Recovery Loans
- Working Washington Small Business Emergency Grants: Governor Inslee announced the new $5 million 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. Application is through your county/regional economic development organization.
- City of Seattle Small Business Stabilization Fund for grants businesses with less than 5 employees (this fund is currently closed for applications)
- Business Impact NW list of COVID-19 financial resources and information on accessing loans including Small Business Administration loans.
- Craft3 provides low-interest loans to community-based nonprofits and small businesses in Washington and Oregon, with more flexible criteria than traditional financial institutions. They also have a resources page for business.
- Join the weekly updates through the Seattle Office of Economic Development’s Small Business COVID-19 Impacts Weekly Webinar
- Watch Seattle Office of Arts & Culture webinar for arts and cultural organizations and individual artists to share information and resources
- Keep track of all lost revenue and financial impacts.
- Share economic impact for your sector through one of the industry surveys, listed in the Handbook’s Resources by Industry section.
- Review this information about business and event cancellation insurance and talk with your insurance broker about what information you might need to track. Regardless of currently eligibility, it may be useful to track the information for future aid.
- Advocate for relief through your sector organizations and other organizations like Inspire Washington’s Emergency Relief Funding and Technical Support page.
- Keep your staff and your patrons, customers, and audiences in the loop when you can. The creative community has been heavily impacted. Your knowledge and experience can be a great resource to others as we all work through this challenging time. Sharing information is critical for people to understand their own situation and role in this crisis.
Check the Handbook’s list of Resources by Creative Industry for relief funds, industry-specific information and other support for artists and the creative sector.
Major relief funds for the art organizations and businesses include:
- The 4Culture King County Cultural Relief Fund for organizations and individuals will distribute $1 million over the coming months. Applications are now open to organizations in King County whose primary mission relates to arts, heritage, or preservation. The first round of funding will be distributed beginning April 1 through May 15.
- Seattle Foundation COVID-19 Response Fund: working with communities who are disproportionately impacted by coronavirus and the economic consequences of the outbreak.
- Keep Workers Healthy and Safe: the Seattle Metropolitan Chamber of Commerce fund provides immediate cash 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 sanitization and safety supplies.
- National Endowment for the Arts to distribute $75 million in relief aid to arts organizations in need. Timing is still TBD.
- City of Seattle’s initial $1.1 Million arts recovery package to support creative workers and arts and cultural organizations. No application was required, and funds have already been allocated. (This fund is now closed).
Creative Community Resource Lists
Major resource lists for creatives by specific sectors can be found at the Handbook’s Resources by Creative Industry page.
- Artist Trust Resource List: a growing list of resources to support the cultural community and artists, and information about their Relief Fund.
- Northwest Folklife: COVID-19 Artist & Community Resource List: resources for financial assistance, mutual aid and advocacy, and informational support compiled from community efforts
- Washington’s Film Industry & Coronavirus Resource List from Washington Filmworks
Know of other resources?
We know there are gaps and resources we haven’t discovered yet, and we’re working fast to add more. If you have a resource to add, please let us know about it in this form.