• Coronavirus Business/Financial Resources

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  • Families First Coronavirus Response Act

    The Families First Coronavirus Response Act (FFCRA or Act) requires certain employers to provide employees with paid sick leave or expanded family and medical leave for specified reasons related to COVID-19. This act applies to certain public employers, and private employers, with fewer than 500 employees. Small businesses with fewer than 50 employees may qualify fort exemption from requirement to provide leave due to school closings or child care unavailability if the leave requirements would jeopardize the viability of the business as a going concern.

    More Information:

    Employer Paid Leave Requirements

    Employee Paid Leave Rights

    Questions and Answers

    Paid Sick Leave and COVID-19 Common Questions

     

    The Coronavirus Aid, Relief, and Economic Security (CARES) ACT

    The CARES ACT allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Read More….

    CARES ACT Questions and Answers

    Small Business Guidance & Loan Resources

    Franchise Business Requirements and Opportunities

    • Paycheck Protection Program (PPP) is an SBA loan that helps businesses keep their workforce employed during the Coronavirus (COVID-19) crisis. The PPP is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.  Read more…
    • Disaster Loan Applications In response to the Coronavirus (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. Read more…
      • ​​SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications on a limited basis only to provide relief to U.S. agricultural businesses.

    • Employer Assistance Program To help during hard times, L&I can work with financially distressed businesses impacted by the economy, natural disasters, or other serious problems to arrange a payment plan for workers' compensation premiums. Businesses that are impacted and have not paid their most recent quarterly premiums should call L&I for help. Read More…

     

    Helpful resources for small businesses:

    • FREE virtual advising: Washington Small Business Development Center is providing free business advising, and business plan resources.
    • Small Business COVID-19 Survival Guide: This page, put together by Washington Small Business Development Center includes resources on strategies to get through the pandemic, such as expense reduction advice. There are also FREE webinars covering CARES ACT, loans, and strategy.
    • Small Business strategies to maximize the CARES Act (Webinar – April 6) You will learn the latest information, grants and loans for small businesses on this largest economic aid package in history. Advisors will share practical guidance on survival and navigation strategies.