Both Individuals & Small businesses are drastically affected by the Governor’s closure of non-essential businesses and the current stay-at-home orders.
If you have any questions about the State & Federal Resources available to you by recent legislation such as the CARES Act, then please contact us.
Pandemic Unemployment Assistance- Apply for unemployment even if you do not meet the traditional requirements such as Self-employed, part-time employees and people affected by Covid-19. It also offers increased unemployment benefit payments of $600 per week through July 2020 paid by the Federal Government. Additionally, it provides an extension of unemployment for up to 13 additional weeks (39 weeks max.)
https://www.esd.wa.gov/newsroom/covid-19
Payroll Protection Program from the SBA (PPP)- Apply for a potentially forgivable loan to be used for payroll and employee retention.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
Economic Injury Disaster Loans from the SBA (EIDL)- Apply for a loan to be used for business expenses. Currently offering up to $10,000 non-repaid advance on the loan to meet immediate financial needs.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options
Working Washington Small Business Grant- Apply for a grant of up to $10,000 for small businesses in WA State open over 1 year and with less than 10 employees. The grant must be used on operating expenses, not payroll.
http://startup.choosewashingtonstate.com/covid-grants/
If you want any more information on any of these programs or need help applying, then please contact us via email at alex@asw-accounting.com or by phone at (509) 303-0196.
Thank you,
Alex Whitney
ASW Accounting