New Funding for Small Business

Capital Access Program    Background: The Seattle Office of Economic Development is investing $8 million of economic recovery funding to connect small businesses to operating capital. The new Capital Access Program will lower the cost of Washington State Small Business Flex Fund loans for eligible small businesses by paying down 25% of the loan principal. […]

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Lease Amendment Tool Kit

Is your business or nonprofit behind in paying rent because of the Covid-19 shutdown? Announcing a new Lease Amendment Toolkit for small businesses and nonprofits Created in collaboration with the City of Seattle Office of Economic Development and Perkins Coie The Lease Amendment Toolkit is designed to give small businesses and nonprofits information and template documents so they can […]

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Free Legal Guidance for Small Businesses

Info From the Seattle Office of Economic Development “The small business legal support services that we’ve been working on with Communities Rise are ready!” COVID-19 Lease Amendment Toolkit: https://communities-rise.org/covid-19-resources/lease-amendment/ COVID-19 Legal Clinic intake form for businesses who are interested in meeting with a lawyer for a free 60-minute consultation: https://communities-rise.org/covid-19-resources/legal-inquiry/ General criteria to receive the services: ·        Must […]

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Paycheck Protection Program April 27th

Additional Relief Package of $484 Billion – Approved on Friday Info provided by the Seattle Office of Economic Development SBA Loan Application Support_English Small Business Administration (SBA) Loan Application Checklist_English Of the additional $484 Billion, $320B will work to replenish the Paycheck Protection Program (PPP) and $60B to replenish the SBA Economic Injury Disaster Loan […]

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Business Updates for April 21st

Resources, Links and Information for Our Lake City Businesses SBA Loan Technical Assistance: OED staff and staff from other loaned departments have fielded almost 100 calls the last week from businesses seeking help navigating the SBA’s financing options. Although the federal loan programs are currently suspended due to exhausted funding (see below), we have continued helping businesses to understand loan options and are supporting them in preparing to submit loan and grant application when funding becomes […]

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