SBA Loans and Resources

The Small Business Administration has a webpage exclusively to provide information on Coronavirus (COVID-19) small business guidance and loan resources.

Small Business Loans and Grants Available

  • Paycheck Protection Program (PPP) has reopened: The Paycheck Protection Program resumed accepting applications – the new deadline to apply for a loan is August 8, 2020. Congress established the Paycheck Protection Program (PPP) that provides small businesses (and certain non-profits) with zero-fee loans of up to $10 million. Up to 8 weeks of average payroll and other costs will be forgiven if the business retains its employees and their salary levels. If the small business has already laid-off workers, you can rehire these workers and then can take advantage of the provisions in this loan program.
  • Economic Injury Disaster Loans (EIDL) and Grants: The SBA is now accepting new applications for their Economic Injury Disaster Loans which provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. Eligible small businesses, private-nonprofits and agricultural businesses may apply for the EIDL here.
  • SBA Debt Relief: The SBA is currently providing immediate debt relief to small businesses with standard SBA 7(a), 504, or microloans. Under this provision, SBA will cover all loan payments for existing SBA borrowers, including principal, interest, and fees, for six months. This relief will also be available to new borrowers who take out an SBA loan before September 27, 2020.
  • Resources for Business Counseling Services: The CARES Act included $275 million in grant funding to Small Business Development Centers (SBDCs), Women’s Business Centers (WBCs), as well as the Minority Business Development Agency’s Business Centers (MBDCs), to provide mentorship, guidance, and expertise to small businesses. To connect with the WA Small Business Development Centers, click here.

A How-to Guide for Small Business Owners: Click here to access a helpful guide for small business owners that provides a detailed breakdown and answers to frequently asked questions about major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax provisions that are outside the scope of SBA.

Other SBA Resources:

Resources for Entrepreneurs and Business Owners from Washington Small Business Development Center (WSBDC):

The Washington SBDC is a publicly funded network of more than 30 business advisors working in communities across the state to assist business owners and entrepreneurs who want to start, grow or buy/sell a business. SBDC advisors provide confidential, one-on-one, no-cost advising to business owners in any industry and at any stage of business development. The statewide network includes 9 advisors in King and Pierce counties serving Washington’s 9th District. Learn more at, or reach out to them by phone at 833-492-7232 or by email at

Reopening Guidance For Business and Workplaces

For detailed information about requirements and restrictions on reopening for your business, you can view King County’s Phase 2 guidance and requirements here and Washington state’s guidance for workplace reopening here.

New Paid Leave Requirements for Employers (Effective April 1, 2020)

The U.S. Department of Labor released information regarding how American workers and employers will benefit from the protections and relief offered by the Emergency Paid Sick Leave Act and Emergency Family and Medical Leave Expansion Act, both part of the Families First Coronavirus Response Act (FFCRA). The department’s Wage and Hour Division (WHD) posted a temporary rule issuing regulations pursuant to this new law, effective through December 31, 2020. The paid sick leave and expanded family and medical leave provisions of the FFCRA apply to certain public employers, and private employers with fewer than 500 employees.

WHD offers a number of plain-language compliance assistance materials to explain FFCRA’s benefits and requirements. Tools include a Fact Sheet for Employees and a Fact Sheet for Employers, available in both English and Spanish, and an expansive list of Questions and Answers addressing the questions WHD has most frequently received from stakeholders to date. Available guidance also includes two new posters, one for federal workers and one for all other employees, available in both English and Spanish, that will fulfill notice requirements for employers obligated to inform employees about their rights under this new law, Questions and Answers about posting requirements, and a Field Assistance Bulletin describing WHD’s 30-day non-enforcement policy.

Tax Credits for Businesses Subject to Paid Leave Requirements

The U.S. Department of the Treasury and the Internal Revenue Service are offering small and mid-size employers more information on refundable tax credits that reimburse them, dollar-for-dollar, for the cost of providing their employees paid sick and family leave wages related to COVID-19.

Click HERE to access the Frequently Asked Questions about the Tax Credit.

Fraudulent Loans, Assistance, and Scams

Beware of Fraudulent Loans/Assistance: Watch out for “assistance” that look suspicious – please subscribe to SBA’s Updates and visit SBA’s official website at to obtain telephone numbers and emails in regards to SBA programs, and of their partners. Please ensure all official communications regarding the SBA and your businesses is a correspondence with the email address with ‘’