The United States Senate has passed a new COVID-19 relief bill valued at $484 billion to provide additional funding for programs to support small businesses.
Included in the package:
- $320 billion to replenish the Paycheck Protection Program*
- $75 billion in new money for hospitals
- $25 billion for COVID-19 testing
- $60 billion for existing small-business loans and grants program
*Although the Paycheck Protection Program application has not reopened, small businesses should get ready to apply now! Contact your local financial institution and start preparing your application so you can submit immediately when the applications do open.
If you do not have a local financial institution, businesses can search for one of the SBA website: www.sba.gov/paycheckprotection/find
Applications will be available soon at:
https://www.sba.gov/
In addition to the Paycheck Protection Program, the SBA also offers small businesses Economic Injury Disaster Loans (EIDL), SBA Bridge Loans, microloans, and Debt Relief options.
For more information visit: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
The Washington State Department of Commerce announced an additional $5 Million in the Working Washington Small Business Grant program (WWSBEGP). The additional funding will help provide grants for the 25,000 applications already submitted by small businesses.
For more information visit:
http://startup.choosewashingtonstate.com/links/crisis/covid-19-resources/
During this difficult and stressful time of uncertainty for many businesses, the City of Lynnwood is dedicated to working with you, connecting you to valuable local, state and federal resources, and helping to sustain your business through this public health crisis.
We recognize the significant impact COVID-19 regulations are having on Lynnwood residents and businesses. To help local businesses and nonprofits impacted by the COVID-19 outbreak and social distancing orders, the City of Lynnwood has compiled a list of helpful resources on our city website at www.LynnwoodWA.gov/COVID-19. Please visit the 'Resources for Local Businesses' section for more information.
What's Open in Lynnwood?
Lynnwood still has many, many businesses operating as an essential services, or altering their services to online/virtual, and we want you to help us support them through this time! Check out our listing of What's Open in Lynnwood for a listing of restaurants serving take-out, and others. Here are some ways to safely support our local businesses:
- Buy gifts cards for small businesses
- Order meals to go, or get food delivered
- Shop online from local retailers
- Ask about curbside pick-ups
- Donate to local artists, performers and non-profits
List Your Business
Want to add your business to the list? Fill out this web form, tell us about your current services and hours, and we'll get you added!
Local Business Resources
The Lynnwood Chamber
The Lynnwood Chamber works to build and support a strong economy. They are a diverse organization and continually look to partner with our local businesses and community leaders.
The Lynnwood Chamber has launched an online campaign called Lynnwood Cares and they are working with local small businesses to help support each other and our community. Find out more by visiting https://www.facebook.com/LynnwoodCares.
Economic Alliance Snohomish County
Economic Alliance Snohomish County is a catalyst for economic vitality resulting in stronger communities, increased job creation, expanded educational opportunities, and improved infrastructure.
They have launched a COVID-19 Local Business Resource site located at https://localsnoco.com/
City of Lynnwood's Economic Development Department
Our Economic Development Department serves as a catalyst for economic development that provides healthy businesses, quality employment opportunities and sustainable City revenues, and to foster economic vitality through programs and projects necessary to implement economic development policies.
Now, more than ever we are happy to help connect our local Lynnwood businesses to the available local, state and federal resources to support their business needs during this difficult time.
www.LynnwoodWA.gov/COVID-19BusinessResource www.LynnwoodWA.gov/OpenForBusiness www.LynnwoodWA.gov/EconDev
425-670-5249
econdev@LynnwoodWA.gov
Visit us online at www.LynnwoodWA.gov/EconDev, call 425-670-5249 or email econdev@LynnwoodWA.gov.
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