IMPORTANT! While the deadline for application for relief funding is June 30th - the government URGES you to APPLY AS SOON AS POSSIBLE
as funds are NOT unlimited and will be distributed on a first-come first-serve basis!

If you need referral to a local lender, please reach out to Diane at the Chamber at Diane@GoRenton.com or 425.226.4560.
CONTENTS

1 - Guide to SBA's Economic Injury Disaster Loan
2 - Emergency Loans Small Business Guide and Checklist
3 - SBA Frequently Asked Questions
4 - Resource! Webinar: SBA Loans and Grant Funding 4/9 @ 5p
Opportunity for Q&A with a local expert
5 - Small Businesses Information
(CARE FAQ, CARE Guide, Stimulus Explainer)
6 - Essential Business Information
7 - King County Property Tax Extension to June 1st
8 - Business Mentorship & Loan - Business Impact NW
9 - SBA Loan and FEMA Grant - previously recorded webinar
10 - FEMA Update
11 - IRS Information April 2020
12 - Economic Impact Survey
Please Complete! if you haven't already
Who is ELIGIBLE?
In general, all of the following that have suffered substantial economic injury caused by a disaster provided their were in existence on January 31, 2020:
  • Business with fewer than 500 employees
  • Cooperatives, ESOPs, and tribal small businesses with fewer than 500 employees
  • Sole proprietors
  • Independent contractors
  • Most private nonprofits
Known as the Paycheck Protection Program (PPP), the initiative provides 100% federally guaranteed loans to small businesses. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.
** Check with your current financial institution for potential requirement for "existing relationship" with your lender.

SBA FREQUENTLY ASKED QUESTIONS

Check out some of the most FAQ the SBA has been receiving in relation to all of the updates here.
GREAT Resource!
WEBINAR UPCOMING
SBA LOANS & GRANT FUNDING
Small Business Information
CARES Act, Stimulus Info, Employer Info



Information Geared Toward our Small Businesses from the Main Street Association
March 27, 2020
Essential Business Information
IMPORTANT!! If you have questions - ASK!
On March 23, 2020, Governor Inslee issued an Executive Order directing all residents immediately to heed current State public health directives to stay home, except for "Essential Businesses." If you need clarification on your business designation, use these links.
New Enforcement Measures : Noncompliance with orders will now result in action from state and local law enforcement, split into three tiers of response:
  • First tier: If state or local authority hears a complaint about a group or business, they will reach out and let them know they are violating a state order, putting others at risk, and let them know that they are acting illegally.
  • Second tier: State will issue a citation or suspension notices, including potentially revoking business licenses.
  • Third tier: Local law enforcement and the AG’s office will consider enacting criminal charges and potentially arresting concerned parties. This is the absolute last resort, and the law enforcement officials present emphasized that educating and informing people is their main objective.
King County Property Tax
Extension to June 1st
King County has extended opportunities to delay your property tax filing - find out if you qualify and more information here.
Business Mentorship & Loan
Business Impact NW
Here's a different opportunity for funding - NOT part of the Federal Stimulus Package.
SBA LOAN AND FEMA GRANT
Previously Recorded Webinar
The Renton Chamber of Commerce is partnering with Seattle Southside and Kent Chambers with a regional collaborative approach toward recovery - advocating for our region's interest jointly and collectively --- Chambers Without Borders. This is the 1st in a 4 series Webinar including Marketing Pivot (delivered 4/3), Understanding the Cares Act (April 7) and Career Transition (April 10).
FEMA UPDATE
Interesting Information from FEMA on PPE, Manufacturing Transition, FEMA Emergency Updates and more.
IRS INFORMATION & UPDATES
April 2020


What do all these updates mean as far as taxes go? Here's the most recent update from the Internal Revenue Service
ECONOMIC IMPACT SURVEY - IMPORTANT!!
PLEASE TAKE A FEW MINUTES TO COMPLETE THE ECONOMIC IMPACT SURVEY!

This is important as this survey will help direct the need for fiscal resources to our community when they are directed through the federal stimulus package! Please take the few minutes to complete.