FINANCING
Facebook Small Business Grants Program
Facebook just announced they will be offering $100M in cash grants and ad credits for up to 30,000 eligible small businesses in over 30 countries where they operate. Seattle based business applications open April 18.
Amazon Neighborhood Small Business Relief Fund
Amazon’s $5 million Neighborhood Small Business Relief Fund is now accepting grant applications.
The Neighborhood Small Business Relief Fund is intended to help support small businesses near Amazon’s buildings in Seattle’s South Lake Union and Regrade neighborhoods, and Bellevue that rely heavily on foot traffic.
Eligible small businesses will need to:
Have fewer than 50 employees or less than $7 million in annual revenue
Be a service or retail establishment open to the general public. Since the aim of this fund is to help independent small businesses, retail locations owned by publicly-traded corporations will not qualify
Washington Federal Bank Small Business Lifeline
If you are a business who has been negatively impacted by the COVID-19 virus, WaFd Bank is offering to help with emergency funding for your small business. Those who have seen a 10% or greater drop in revenues can apply to receive up to $200,000 on business lines of credit with 90 days interest-free.
SMALL BUSINESS LOANS & ALTERNATIVES — ONLINE Q&A BOARD FROM MULTI-FUNDING BUSINESS LOAN ADVISORS
A free web forum for asking your questions about Small Business Administration Loans.
A Letter from SequoIA Capital to their FOUNDERS and CEOs
“Having weathered every business downturn for nearly fifty years, we’ve learned an important lesson — nobody ever regrets making fast and decisive adjustments to changing circumstances.”
GOVT RELIEF
Details on applying for SBA Relief Funds
From our SAP partner First Security Bank, here are the first detailed guidelines from the SBA on how to apply for SBA Disaster Loans, including links to all forms necessary to complete your application.
SBA DISASTER LOANS
Note: Washington is a declared disaster area and all Washington businesses are eligible to apply for these loans.
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19)
SBA DISASTER RELIEF RECOVERY CENTER
In-depth guidance and strategies for how to respond to COVID-19 now, with pointers to resources the SBA offers to assist with business issues at this time.
THE CITY OF SEATTLE’S SMALL BUSINESS STABILIZATION FUND
Full details and application links for the City of Seattle’s $1.5M Small Business Stabilization Fund.
CASH FLOW
WEBINAR: MANAGING YOUR CASH FLOW DURING THE CORONAVIRUS CRISIS
4 DATES — MARCH 17-20
9:00AM PST
Many business owners and entrepreneurs are concerned about the impact of the Coronavirus on their businesses cash flow over the next 6-12 months. Sadly, it took a national emergency to shed light on the need for capital reserves for your business, however it’s not too late. We will review what you need to know about the current emergency loans the government is offering with focus on key elements needed for a successful outcome in this challenging time.
In this one-hour interactive session you will learn:
Status of SBA emergency programs
Existing SBA program alternatives
Importance of filing 2019 returns
Do you have liquidity you can leverage?
Tips to negotiate deferments on current loans
Preparing a revised forecast / budget for 2020
Online loans to watch out for and stay away from