Covid-19 Financial Support

Examine Federal, State, local and private sector resources that may benefit businesses financially.

 

City of Tacoma Media and Communications Announcements

Visit this site to stay informed of what the city is doing to ensure continuity of services, learn of any changes or delays to services, and to read updates from the Mayor’s office.

Kiva Microloans in Tacoma

In an effort to help underserved entrepreneurs and small business owners gain access to much-needed capital, Spaceworks joins forces with Kiva and the City of Tacoma to offer 0% interest microloans to Tacoma small business owners. These crowdfunded loans fill a critical lending gap for businesses that are too young, too small, or too innovative to receive loans from traditional lenders. Loans range from $1,000 to $15,000 with terms of 1-5 years to pay them back. The process requires no credit score, collateral pledges, or U.S. citizenship documentation.

Learn more about Kiva Microloans in Tacoma

Tacoma Partners with Pierce County to Expand Rental Assistance Program-Applications (opened March 8, 2021)

There are documents and information you can start collecting now to prepare for submission. Additional information may need to be collected by the provider upon intake to determine eligibility, but before you start the application you should have:

·         Household information, including birthdays, for all household members

·         Income verification for all household members for each income source including 2020 tax return for entire household OR household W-2’s, Unemployment statements, Alimony, child support, disability, retirement or VA benefits, Current or past pay stubs

·         COVID impact documentation including Proof of unemployment, Loss of wages, Loss of job, Unexpected increase in costs of childcare, etc.

·         Landlord name, email and phone number

·         Copy of lease or rental agreement

·         Statement from landlord with past due balance

·         If you’re requesting utility assistance, provide copies of past due utility bills
Utilities paid directly to your landlord will need to be included in the rent past due amount and a payment will be made to the landlord directly.

Apply Now for the Rental Assistance Program

In keeping with the City’s Welcoming Cities Policy, we will not be tracking or providing information to Immigration and Customs Enforcement about immigration or citizenship status.

Contact Information for the Rental Assistance Program

Visit piercecountywa.gov/housinghelp for more information about the program, eligibility and how to apply.

Foreclosure Prevention and Mortgage Assistance Program.

In partnership with Pierce County and Habitat for Humanity, the City’s new program provides foreclosure prevention counseling and up to four months of mortgage assistance – with a $6,000 cap – paid directly to the loan servicer, bank, or mortgage company of households who live in the city limits of Tacoma, have experienced loss of employment or reduction in wages due to COVID-19, and have an income at or below 80 percent Area Median Income for Pierce County.

Applications for the City’s Foreclosure Prevention Counseling and Mortgage Assistance Program can be submitted online. They will be accepted on a rolling basis with applicants being reviewed on a first come, first served basis until all funds have been awarded.

Requests for general information, information in alternate formats, or for technical assistance with the online application, can be directed to Habitat for Humanity Director of Homeowner Services Deena Giesen at (253) 627-5626 ext. 106, Monday through Friday, from 9 AM to 4 PM or dgiesen@tpc-habitat.org.

COVID-19 Tax Relief for Tacoma Businesses

To Access the Minority Business Development Agency (MBDA) Tacoma Business Center PPE Grants and One-On One Technical Assistance to Support Your Business with the COVID-19 Business Recovery Efforts.

To request PPE and or technical assistance for your business continuity and or business assessment; please apply here https://mbda-tacoma.com/mbda-tacoma-launches-cares-act-program/ or contact

Ivan Golovkin
MBDA-Tacoma Business Center
igolovkin@cityoftacoma.org.
T: (253) 591-5240

Pierce County Department of Emergency Management

  • Guidance on Federal Disaster Loans for Small Businesses and Private Nonprofits

Governor Jay Inslee’s Office

Current state requirements for employers and individuals are posted on the Governor’s website

Rental Housing Association of Washington

COVID-19 Resources and Information for Housing Providers and Renters.

Washington State Department of Commerce

Washington State Department of Commerce Economic Resiliency Team (ERT) Business Response Center

The team is currently able to answer questions as quickly as they are received. If you’re a business owner or operator with a question, Ask Your Question Here. 

Department of Commerce Small Business Flex Fund

Borrow up to $150,000 at 3-4.5% for 60 – 72 months if you are a Washington headquartered small business.

Eligible businesses will have fewer than 50 employees, annual revenues of less than $3 million and prove a direct negative financial impact from Covid-19.  Businesses must have their headquarters or main office in Washington State. Collateral is not required however there are other security requirements.  Payday loan stores, fortune tellers, adult bookstores, strip clubs and track wagering facilities, regardless of headquarters location, are not eligible.  You can apply even if you received other Covid-19 assistance.

Eligible uses include: payroll; utilities and rent; marketing and advertising; building improvements or repairs and; other business expenses.

To access information on this non-forgiveable loan fund, please visit: https://smallbusinessflexfund.org/

 

Startup Washington Small Business Resiliency Assistance

Technical assistance for small business owners from culturally and historically disadvantaged communities.

Technical assistance can include:

  • Finding and help applying for assistance to help your business right now, whether you are open or closed
  • Translation assistance
  • Navigating local, state and federal resources
  • Business coaching

Click here to learn more and to connect with a partnering organization. 

Impact Washington

Impact Washington is providing no-cost guidance to manufacturers to

  1. review existing procedures
  2. conduct an assessment, and
  3. advise on how to implement controls to protect workers.

Manufacturers may request assistance by calling (425) 438-1146 or e-mailing info@impactwashington.org.  The information provided in the files below may be useful to other businesses in addition to manufacturers.

COVID-19 Emergency Back to Work Prevention Measures

Impact Washington Preventive Manufacturing Back to Work Measures

Aerospace Manufacturers Jobs Protection Program opens 3rd and Final Round for funding

November 8, 2021

https://www.transportation.gov/AMJP/apply

Contact the Economic Development Board of Tacoma-Pierce County for more information or assistance.  Maddie Merton, 253-317-1903

PPP Loan Forgiveness

On July 28, 2021, the SBA launched a streamlined application portal to allow borrowers with Paycheck Protection Program loans of $150,000 or less through participating lenders to apply for forgiveness directly through the SBA.

Learn more


EIDL Loans program updates

    • Increasing the COVID EIDL Cap. The SBA will lift the COVID EIDL cap from $500,000 to $2 million. Loan funds can be used for any normal operating expenses and working capital, including payroll, purchasing equipment, and paying debt.
    • Implementation of a Deferred Payment Period. The SBA will ensure small business owners will not have to begin COVID EIDL repayment until two years after loan origination so that they can get through the pandemic without having to worry about making ends meet.
    • Establishment of a 30-Day Exclusivity Window. To ensure main street businesses have additional time to access these funds, the SBA will implement a 30-day exclusivity window of approving and disbursing funds for loans of $500,000 or less. Approval and disbursement of loans over $500,000 will begin after the 30-day period.
    • Expansion of Eligible Use of Funds. COVID EIDL funds will now be eligible to prepay commercial debt and make payments on federal business debt.
    • Simplification of affiliation requirements. To ease the COVID EIDL application process for small businesses, the SBA has established more simplified affiliation requirements to model those of the Restaurant Revitalization Fund.

    To learn about eligibility and application requirements and how to apply, visit sba.gov/eidl. The last day that applications may be received is December 31, 2021. All eligible applicants should file their applications as soon as possible.

    Learn more


    SBA Disaster Loans Check disaster declarations Apply for a disaster loan Check your status


    Thanks to vaccines, small businesses across America have opened back up. Keep the momentum going by getting vaccinated. Find a vaccine provider near you. Learn how businesses can get tax credits for allowing employees to get vaccinated.

    Learn more


    SBA Surety Bond Guarantee Program

    Do you own a small business in the construction or service industry? There’s a good chance you’ll need a surety bond for public contracts. SBA guarantees bid, performance and payment surety bonds issued by certain surety companies. Watch this short video to learn more about the SBA Surety Bond Guarantee Program.Thinking about government contracting opportunities for your small business? Register for the ChallengeHER webinar on September 23, 2021 for information and resources to help you get started.

    Register



    Helpful Links

United States Government

Comprehensive Official verified and updated Information of all aspects of the Federal Covid-19 Response.

www.USA.gov/coronavirus

Government Response to Coronavirus, COVID-19. Learn about international travel restrictions, how you can prepare for coronavirus, and what the U.S. government is doing in response to the virus.

www.usa.gov

 

Comcast RISE program in Washington.

In addition to continuing to offer media, marketing, and technology upgrades, Comcast RISE will provide one million dollars in grants to small businesses owned by people of color in King and Pierce counties (where the highest concentration of small businesses owned by people of color in Washington are located).  One hundred businesses will each receive $10,000.  The application window is October 1-14 and eligible small business will be able to apply online at www.comcastrise.com. Winners will be notified on November 23, 2021.

$10,000 grant opportunity made possible by KKR

Now in its sixth round, KKR Small Business Builders is here to support entrepreneurs and their small businesses around the world. Hundreds of recipients have already been selected to receive a $10,000 grant as well as mentoring and coaching opportunities with KKR employees. Everyone who applies receives free access to the thousands of curated resources and a community of 400,000+ small business owners on Hello Alice.

To qualify for the grant program, you must:

  • Operate in the United States, United Arab Emirates, Spain, Singapore, Luxembourg, Japan, Ireland, India, Germany, France, England, China, or Australia

  • Be a for-profit business

  • Have 5–50 employees

  • Have generated annual gross revenues in 2019 of less than $7 million

  • Have a demonstrated need for support

  • Propose a strong plan for moving forward

Special tip: Although the application asks for the name and email of the KKR employee who nominated you, those questions are optional! Anybody who meet the eligibility criteria can apply.

To learn more about the program and submit an application, visit kkr.helloalice.com.

Apply now!

Tacoma Urban League

  • Directory of Youth Resources & Programs
  • Transportation Support for Food & Essential Workers
  • Small Business Owners & Entrepreneurs Emergency Funding Application Help

COVID-19 Artist Trust Relief Fund

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