Small Business Assistance

Loans, grants, and resources to help you keep your doors open short-term and adjust the way you operate to make your business more resilient long-term.

COVID-19 Small Business Resources

List of resources available from the State of Washington Department of Commerce.
http://startup.choosewashingtonstate.com/links/crisis/covid-19-resources/

City of Pullman Economic Development Office
COVID-19 business resources, updates, and other information to help Pullman businesses navigate the new environment. Contact Jennifer Hackman at 509-338-3168.
https://www.pullman-wa.gov/government/departments/economic_development

Small Business Development Center
Information on loan programs available, expert one-on-one business counseling, and online resources for dealing with the new COVID-19 business environment, including webinars with industry-specific guidance for how to pivot the way you do business to be successful in the pandemic era. Contact Aziz Makhani at 509-335-8081 or aziz.makhani@wsbdc.org for assistance and more information on aid available.
https://wsbdc.org/protect-your-business/coronavirus-business-survival/

Small Business Association Funding
Our nation’s small businesses are facing an unprecedented economic disruption due to the Coronavirus (COVID-19) outbreak. On Friday, March 27, 2020, the President signed into law the CARES Act, which contains $376 billion in relief for American workers and small businesses. This includes Economic Injury Relief, Guidance and Relief Options.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options

UPDATE 4/28/21: RESTAURANT REVITALIZATION FUND
The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open. This program will provide restaurants with funding equal to their pandemic-related revenue loss up to $10 million per business and no more than $5 million per physical location. Recipients are not required to repay the funding as long as funds are used for eligible uses no later than March 11, 2023. For more details, please follow this link.

UPDATE 3/26/21: Small Business Association launches portal to begin accepting Shuttered Venue Operators Grants on April 8, 2021. See the Portal here. On Tuesday, March 30, there will be an informative webinar on the application process. You can register for the webinar here.

Small Business Association announced extended deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan program until 2022. Read the full press release here.

UPDATE 3/25/21: The FOURTH round of Working Washington Grants opens on March 29th, 2021. Business owners can find information about the program and a link to the application portal at commercegrants.com

These grants are aimed at for-profit small businesses in industries that have hard costs associated with their operations and faced the most significant challenges to paying those hard costs because they were required to close. Hard costs include but are not limited to rent, utilities, payroll, or personal protective equipment. These expenses must have incurred between March 1, 2020, through June 30th, 2021.

UPDATE 2/22/21: President Biden announced changes to the Paycheck Protection Program (PPP). The fact sheet released from The White House is linked here and a link to the video of the announcement is linked here.

The Small Business Association will:

  • Establish a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employees starting Wednesday, Feb. 24 at 9 a.m. EST.
  • Allow sole proprietors, independent contractors, and self-employed individuals to receive more financial support by revising the PPP’s funding formula for these categories of applicants.
  • Eliminate an exclusionary restriction on PPP access for small business owners with prior non-fraud felony convictions, consistent with a bipartisan congressional proposal.
  • Eliminate PPP access restrictions on small business owners who have struggled to make federal student loan payments by eliminating federal student loan debt delinquency and default as disqualifiers to participating in the PPP.
  • Ensure access for non-citizen small business owners who are lawful U.S. residents by clarifying that they may use Individual Taxpayer Identification Number (ITIN) to apply for the PPP.

The latter four changes will be implemented by the first week of March. The SBA is working on the program changes and will communicate details throughout this week.

UPDATE 1/11/2021: Paycheck Protection Program (PPP) Loans will open starting TODAY, Monday, January 11th. This is a tiered opening–not all banks will be able to begin taking applications right away. Information on the loan program and applications can be found at https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program.

A list of lenders can also be found at https://www.sba.gov/document/support-paycheck-protection-program-participating-lenders.

Palouse Regional Small Business Recovery Fund
The Partnership for Economic Prosperity in cooperation with the Pullman and Moscow Chambers of Commerce, local businesses, and generous community members has established an Area of Interest Fund with the Innovia Foundation, a 501 (c) 3 organization that ignites generosity that transforms lives and communities. This partnership enables our ability to provide charitable contributions for small business relief resulting from the COVID-19 pandemic. Contact Gina Taruscio, director@pepedo.org

Chambers of Commerce also offer assistance, contact your local Chamber to inquire about services available:

Pullman Chamber of Commerce:
https://pullmanchamber.com/

Colfax Chamber of Commerce:
https://www.explorecolfax.com/

Palouse Chamber of Commerce:
https://visitpalouse.com

Rosalia Chamber of Commerce: https://www.rosaliachamberofcommerce.com/

Tekoa Chamber of Commerce:
https://exploretekoa.com/

Entrepreneur Academy (coming November 2020)
As Washington begins to recover economically, more and more residents will think about starting their own business. To assist you, we’ve created the Entrepreneur Academy, a free series of instructional videos, workbooks, assignments, quizzes and resources to help you navigate all the steps you need to take to start a successful business. It’s like having your very own team of mentors and experts to help you get started. http://startup.choosewashingtonstate.com/entrepreneur-academy-teaser/

Profiles in Resilience
Recordings of free webinars featuring locally owned businesses: https://pullmanmarketing.com/webinars/

Rural LISC
As part of their continuing commitment to elevate the impact in rural America, OneLISC is inviting small business owners in rural locations across the country to apply for the LISC-Lowe’s Rural Relief Small Business Grants program. 
Applications are being accepted in “rounds.” You must submit a new application each time in order to be considered for funding. The next round opens on Monday, September 28th. To find out more about who is eligible, to sign up for updates, and to apply, please visit the LISC website

Farmers/Ranchers
Are you a farmer or rancher whose operation has been directly impacted by the coronavirus pandemic? USDA is implementing Coronavirus Food Assistance Program 2 for agricultural producers who continue to face market disruptions and associated costs because of COVID-19. https://www.farmers.gov/cfap

SBDCNet
This National SBDC site (SBDCNet) maintain loads of Biz and Marketing Plans, Industry Reports and other useful resources. SBDCNet also performs secondary market research for SBDC clients nationally free of charge when we submit them. There is a separate portal for advisors that allows us to submit the research requests. https://www.sbdcnet.org

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