Examine Federal, State, local and private sector resources that may benefit businesses financially.
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.
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.
- Guidance on Federal Disaster Loans for Small Businesses and Private Nonprofits
Current state requirements for employers and individuals are posted on the Governor’s website
COVID-19 Resources and Information for Housing Providers and Renters.
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
Impact Washington is providing no-cost guidance to manufacturers to
- review existing procedures
- conduct an assessment, and
- advise on how to implement controls to protect workers.
Manufacturers may request assistance by calling (425) 438-1146 or e-mailing email@example.com. The information provided in the files below may be useful to other businesses in addition to manufacturers.
- 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.
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.
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.
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.
- Directory of Youth Resources & Programs
- Transportation Support for Food & Essential Workers
- Small Business Owners & Entrepreneurs Emergency Funding Application Help