Loans and Grants
U.S. Economic Development Funding Opportunities
The U.S. Economic Development Administration announced six new programs to equitable invest $3 billion under President Biden's American Rescue Plan.
The programs aim to assist communities in their efforts to build back their communities by accelerating the economic recovery from the coronavirus pandemic and building local economies that will be resilient to future economic shocks.
The application process is now open. Deadlines vary based on program. To access application details and information, you must attend that specific webinar which is located in their press release (provided below).
Micro-Grants Available for Promotion of Small and/or New Events
Small Business Flex Fund
Shuttered Venue Operators Grant
The Shuttered Venue Operators Grant (SVOG) program was established by the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, and amended by the American Rescue Plan Act. The program includes over $16 billion in grants to shuttered venues, to be administered by SBA’s Office of Disaster Assistance.
Eligible applicants may qualify for grants equal to 45% of their gross earned revenue, with the maximum amount available for a single grant award of $10 million. $2 billion is reserved for eligible applications with up to 50 full-time employees.
Eligible entities include:
- Live venue operators or promoters
- Theatrical producers
- Live performing arts organization operators
- Relevant museum operators, zoos and aquariums who meet specific criteria
- Motion picture theater operators
- Talent representatives
- Each business entity owned by an eligible entity that also meets the eligibility requirements
Other requirements of note:
- Must have been in operation as of February 29, 2020
- Venue or promoter who received a PPP loan on or after December 27, 2020, will have the SVOG reduced by the PPP loan amount
Central Washington United Way Grant
United Way of Central Washington is currently accepting funding requests to support:
- Critical services for food, housing, health care, homeless services (to include additional needs due to cold weather season)
- Services supporting behavioral or mental health
- Staffing needs to support critical service delivery
- Technology resources for critical service delivery These requests are reviewed by a funding partnership of the United Way of Central Washington, Latino Community Fund, and the Yakima Valley Community Foundation.
Requests are considered on an ongoing basis as funding becomes available. For more information, please contact: info@uwcw.org or (509) 248-1557, grants@yakimavalleycf.org or (509) 457-7616, and/or info@latinocommunityfund.org or (509) 901-2798
Washington Trust for Historic Preservation Grants
As Washington State’s only statewide preservation advocacy organization, the Washington Trust plays a key role in advocating for good preservation policy on both the state and national levels.
There are grants and advocacy opportunities available on their website.
Paycheck Protection Program (PPP)
The Paycheck Protection Program is a federal stimulus program designed to provide quick access to Small Business Administration (SBA) loans for companies with 500 or fewer employees to assist with payroll and covered operating costs during short-term business disruption caused by the COVID-19 pandemic.
Economic Injury Disaster Loan (EIDL)
In response to the COVID-19 pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application.
Washington State Paid Family Medical Leave Grant
Small business assistance grants are here!
These grants provide up to $3,000 to help cover costs associated with employees who take Paid Leave. Learn more about eligibility, requirements and the application process in the help center.
SBA Express Bridge Loan
Express Bridge Loan Pilot Program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing and can be a term loans or used to bridge the gap while applying for a direct SBA Economic Injury Disaster loan. If a small business has an urgent need for cash while waiting for decision and disbursement on an Economic Injury Disaster Loan, they may qualify for an SBA Express Disaster Bridge Loan.
SBA Debt Relief
As part of our coronavirus debt relief efforts, the SBA will pay 6 months of principal, interest, and any associated fees that borrowers owe for all current 7(a), 504, and Micro-loans in regular servicing status as well as new 7(a), 504, and Micro-loans disbursed prior to September 27, 2020. This relief is not available for Paycheck Protection Program loans or Economic Injury Disaster loans.
Central Washington Disability Resources CARES Act Funding
Beginning October 1, 2020, Central Washington Disability Resources (CWDR) is able to provide a one-time financial aid to individuals with disabilities in relation to the COVID-19 pandemic. Funding can be utilized for rental assistance, food assistance, medical payment/COVID-19 testing fees, utility bills, phone bills, necessary transportation, or to secure PPE and cleaning supplies.
Contact CWDR a (509) 962-9620 or email ashley@mycwdr.org or joshua@mycwdr.org.