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COVID-19 Financial Resources
The following resources are listed to provide help to Auburn businesses impacted by COVID-19. Please click each to expand the full details.

Federal Resources
  • Employee Retention Credit under the CARES Act
    • The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, is designed to encourage Eligible Employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an employee retention tax credit (Employee Retention Credit).
    • The Families First Coronavirus Relief Act (FFCRA) requires certain employers to pay sick or family leave wages to employees who are unable to work or telework due to certain circumstances related to COVID-19. Employers are entitled to a refundable tax credit for the required leave paid, up to specified limits. The same wages cannot be counted for both credits.
  • SBA Express Bridge Loan - The SBA Express Bridge Loan enables small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. Can be repaid in full or in part by proceeds from the EIDL loan
  • SBA Disaster Relief - The SBA is providing a financial reprieve to small businesses during the COVID-19 pandemic, including automatically paying the principal, interest, and fees of current 7(a), 504, and microloans for a period of six months. And automatically paying the principal, interest, and fees of new 7(a), 504, and microloans issued prior to September 27, 2020.
  • For more information and resources available through the SBA visit SBA.gov.
State Resources
County Resources
  • Pierce County Council Expands Loan Program to Include Businesses Located Anywhere in Pierce County with 20 or Fewer Employees.
    Click here to apply for a Pierce County COVID-19 Emergency Small Business Relief Loan.
    For more information contact the
    Pierce County Economic Development Department at 253-798-6150 or PCSBRLoan@piercecountywa.gov.

  • Hotel/Motel owners can apply with the County to provide Emergency Housing for the Governor’s Stay Home, Stay Healthy order - Hotel owners across Washington may have an opportunity to help their communities and fill empty rooms, thanks to a $30-million state emergency housing grant from the state Department of Commerce. The funding will help counties meet expected sheltering needs necessitated by statewide social distancing orders. Existing shelters were already operating at capacity before the emergency rules took effect.

  • CULTURAL RELIEF FUNDS AVAILABLE - As closures, cancellations, and loss of work due to COVID-19 impact the King County cultural sector, our Cultural Relief Fund will distribute $1 million over the coming months. The first round of funding will be distributed beginning April 1 through May 15; apply at any time within that time frame. You’ll apply through a simple application that will take about 15-30 minutes to complete. Applications will be reviewed by a panel weekly and we will notify you within 10 business days about the status of your application.
  • King County COVID-19 Community Response Fund - To aid in the county’s response to the COVID-19 outbreak, King County included $1 million for the Office of Equity and Social Justice (OESJ) to provide flexible resources for engagement and outreach to populations on the frontlines of the coronavirus outbreak. Grants of up to $25,000 will be awarded to community based organizations and other stakeholders serving impacted communities. OESJ will prioritize funding to partners working with communities at the highest risk of immediate and long term negative health, social and economic impacts, with an emphasis on communities located near isolation, quarantine and recovery sites.
  • More King County information and resources can be found here

 

City Resources
Other Financial Resources
  • Verizon Small Business Recovery Fund
    Reopens in mid-April for another round. 
  • Salesforce Care for Small Business
    $10,000 grants for small business - opens 4/27/20, closes 5/5/20.
  • Facebook has launched a Small Business Grants Program to support businesses dealing with the impacts of COVID-19. Grants will include approximately $4,000 in both cash grants and ad credits. Grants for the Seattle area opened April 18 and will remain open for two weeks.
  • Business Impact NW is providing low-interest loans to community-based nonprofits and small businesses.
  • Craft3 is provides low-interest loans to community-based nonprofits and small businesses
  • The Plate Fund – Organized through the Shultz Family Foundation, the Plate Fund for restaurant workers who live and work in King County and have suffered financial hardship because of the COVID-19 crisis may be eligible for $500 in immediate assistance.
  • Puget Sound Energy is offering assistance to small businesses during this time including a halt to disconnections for non-payment as well as payment plan and new billing date options.