The SBA, in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.
The form and instructions inform borrowers how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
The SBA will soon issue regulations and guidance to further assist borrowers as they complete their applications, and to provide lenders with guidance on their responsibilities.
The form and instructions include several measures to reduce compliance burdens and simplify the process for borrowers including:
The documents released May 15 will help small businesses seek forgiveness at the conclusion of the eight week covered period, which begins with the disbursement of their loans.
Inslee signs new COVID-19 order for phased re-opening of Washington’s economy
Safe Start is a data-driven plan that includes regional variances based on population and low COVID-19 counts.
All curbside retail establishments have a general obligation to keep a safe and healthy facility in accordance with state and federal law, and comply with the following COVID-19 worksite-specific safety practices, as outlined in Governor Jay Inslee’s “Stay Home, Stay Healthy” Proclamation 20-25, and in accordance with the Washington State Department of Labor & Industries General Requirements and Prevention Ideas for Workplaces and the Washington State Department of Health Workplace and Employer Resources & Recommendations at https://www.doh.wa.gov/Coronavirus/workplace.
The above link is tips from CDC on cleaning & disinfecting your business.
Governor Inslee is offering a new Working Washington Small Business Emergency Grant program to assist small businesses impacted by the COVID-19 outbreak. Up to $5 million in funds are provided through the Governor’s Strategic Reserve Fund and administered by the State Department of Commerce. The grant program will provide a limited number of businesses in Washington’s 39 counties with a grant up to $10,000.
The Link above will guide you through the application process for the SBA Disaster Loan application.
The SBA is now taking applications for low interest loans to mitigate the economic injury caused by the COVID-19 pandemic. Washington is listed as a disaster area, making our businesses eligible. Borrowers will need to register on the SBA disaster loan website in order to apply, and the process is handled by the SBA, banks are NOT involved.
The U.S. government recently passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help businesses, families, and individuals make ends meet during the coronavirus crisis. The bill allocated $350 billion specifically to assist small businesses, helping them maintain employees and giving them capital to keep things running.
The City of Stanwood has created a business COVID resource page on the new city website as a way to bring as many resources to businesses as possible. We are updating the page daily after my daily briefings with Emergency Management, Economic Development and other agencies. http://stanwoodwa.org/427/COVID--19-and-Your-Business
We have included many resources on the EDCIC website which we will continue to update as information becomes available. http://iscoedc.com/covid-19.
In addition the Economic Development Council is currently working with the State and County regarding the $5 million grant from the Governor for small businesses, so you will see more information on that in the coming days as to how to apply.
Visit the site above to stay up to date with school resources & information.
Island Senior Resources has been working closely with state and county health officials in a response to the changing COVID-19 situation in Island county. If you are a senior or disabled resident and have questions or need assistance, please call 360-387-6201 or 360-321-1600 to reach Aging & Disability Resources staff.
WA State Department of Health – www.doh.wa.gov/emergencies/coronavirus.
Call Center # 1.800.525.0127, Sunday through Saturday (6:00am – 10:00pm)
Island County Public Health – www.islandcountywa.gov/Health/Pages/COVID-19.aspx
Call Center # 360.678.2301, Mondays through Fridays (8:00am – 4:30pm), Saturdays and
Sundays (9:00am – 4:00pm)
Free & Confidential CADA Services 360-675-CADA 24-Hour Crisis Line Contact Information: 360-675-7057 Isolating during COVID-19 is hard enough, but no one deserves to be disrespected. Are you feeling belittled, intimidated, or controlled? Is someone forcing you to engage in unwanted sexual activity? Is someone making you feel that things are all your fault? Crisis Intervention and Support Advocacy-Based Counseling Safety Planning Emergency Shelter CADA 24/7 Support: 800.215.5669 National Crisis TEXT Hotline: Text 'CONNECT' to 741741 cadacanhelp.org email@example.com