Business Grants Available

1st round deadline June 14, 2020

2nd round deadline : TBD

City of Marysville Rent Relief grant – up to $4,000

Requirements:

• Located within Marysville city limits, 
• No more than 25 employees, 
• Negatively impacted by COVID-19, 
• Current on business licenses, and
• In business since on or before Jan. 1, 2020.

Find more information and the application form at https://www.marysvillewa.gov/civicalerts.aspx?aid=664

Snohomish County business grant - up to $25,000.

Requirements:

• Be licensed to do business in the State of Washington.
• Be a business physically located in Snohomish County.
• Have 20 or fewer employees (including the business owner/worker).
• Be in operation for one or more years.
• Certify at least a 25% reduction in revenue attributable to the COVID-19 pandemic.
• Able to demonstrate that the business was a going concern before March 23, 2020.

Find more information and the application form at  https://www.workforcesnohomish.org/snocogrant/roundone/

PPP or Paycheck Protection Program -  there is no $ limit

New Deadline to apply is August 8, 2020

Criteria:

• Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
• Any business, with the greater of:
  • Less than 500 employees, or
  • That meets the SBA industry size standard if more than 500
• Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) that has more than one physical location and employs less than 500 per location
• Sole proprietors, independent contractors, and self-employed persons

This one is different as you can read up on it online, but you need to apply for it at your bank. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program#section-header-3

Go to your bank where your business account is, and set up an appointment to meet with someone there about the PPP money. They will help you fill out the application and submit it for you to the federal agency. And if awarded the money, you will have it deposited into your business bank account within 1 week.