Financial Support

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

Visit the Coronavirus Response & Relief Program (CRRP) website by the Washington Minority Business Development Agency (MBDA) Business Center for the following resources,

·       COVID-19 Business Recovery Support

·       One-On-One Technical Assistance

·       Personal Protective Equipment (PPE) request

For questions or to speak with a representative, email Orlantha Coleman.

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

• SBA Lender Match helps you find lenders – Small Business
• Job Retention Tax Credit
• SBA Express Bridge Loan Pilot Program
• National Council of Nonprofits
• Export/Import Bank of the United States
• EXIM is offering the relief measures outlined on their fact sheet
• Northwest Trade Adjustment Assistance Center

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 | USAGov

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

Small Business Progress Loans for Black Businesses

Businesses with at least 20-percent Black ownership in business for at least 12 months and with annual revenue of at least $50,000.

Loan amounts range from $5,000 to $100,000 with interest rates as low as 5.99% and no prepayment penalties. Your rate and the amount you may be approved for are dependent upon your credit and financial standing.

Comcast RISE

Major Expansion to All Women-Owned Small Businesses Nationwide Starting in 2022.  During its first year, Comcast RISE has provided over $60 million in grants, marketing and technology services to support more than 6,700 small businesses owned by people of color.  The program will be expanded to all women-owned small businesses in 2022, which will enable it to support 13,000 firms by the end of 2022.

Home

$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