(re)STARTUP425’s Business Response Team can provide free technical advising to assist in accessing financial options (like grants and SBA loans), becoming loan-ready, and retaining employees. They’ve partnered with Business Impact NW, a community-development financial institution and nonprofit, to bring Eastside businesses one-on-one advising from local experts in small business resilience.
Loans & Grants
NEW! 2nd Draw Paycheck Protection Program (PPP): The Small Business Association is now accepting applications for a Second Draw of PPP Loans. Applicants must work with participating Community Financial Institutions (CFIs). Borrowers can be matched with qualified PPP lenders using SBA Lender Match. This new round of PPP forgiveable loans is both for businesses that received a PPP in 2020 as well as for those who have not taken one before. The window to apply for the Second Draw PPP Loans is January 13, 2021 - March 31, 2021.
For help understanding the process and whether you qualify, contact the Startup 425 Business Response Team.
Find detailed information on PPP Loans and Eligibility here.
Click to download the Paycheck Protection Program Second Draw Borrower Application Form
Click to download the Paycheck Protection Program First Draw Borrower Application Form
The Shuttered Venue Operators Grant program was included in the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act signed into law by President Trump on Dec. 27, 2020. Eligible organizations with a reduction in revenue due to the COVID-19 pandemic will soon have the opportunity to receive up to a $10 million grant under the program. In total, the Economic Aid Act allocates $15 billion for the Shuttered Venue Operators Grants. Learn more about this SBA grant opportunity here.
COVID-19 Economic Injury Disaster Loans provide economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue. Learn more about these SBA loans here.
The Kirkland Small Business Relief Fund was created by Google, the City of Kirkland, the Greater Kirkland Chamber of Commerce, and Banner Bank’s Kirkland branch to provide immediate grants to qualifying small businesses and small nonprofits in Kirkland impacted by COVID-19. The second round of grants closed in August. For more information, including application details and information on contributing to the fund, please visit the Chamber’s website.
Seattle Foundation has established a COVID-19 Response Fund, which will initially assist nonprofit organizations that work with communities disproportionately impacted by COVID-19 and its consequences. Please note that this fund will not initially assist nonprofits that have lost revenue, though this may be considered in the future.
Facebook has established a Small Business Grants Program to assist businesses in addressing the impacts of COVID-19. These grants will include both cash grants and ad credits.
The Seattle Metro Chamber, which serves as the King County Associate Development organization, is working to ensure that $580,000 in federal funding reaches king County small businesses. This is part of the $10 million that Washington state received for small business support from the federal CARES Act. The application process is open through 5 p.m., Monday, September 28. For more information about the grants, including eligibility requirements, visit the King County Associate Development Organization website.
King County's Hazardous Waste Management Program offers a Voucher Incentive Program for eligible businesses to purchase personal protective equipment (PPE) and hazardous waste improvements like safe storage for cleaning products and other chemicals. 75 percent of expenses can be reimbursed, up to $599. Expert staff can recommend improvements that will help keep staff and customers safe.