2020 Emergency Fund for Businesses Impacted by COVID-19
Overview
To mitigate barriers to capital for Seattle's most vulnerable businesses, the City of Seattle is committing approximately $2.5 million in Federal Community Development Block Grant (CDBG) funds to the Small Business Stabilization Fund. The Small Business Stabilization Fund is an emergency fund that provides working capital grants in amounts up to $10,000 to qualifying small businesses. The following is the investment criteria for financial support:
Criteria
The business owner must have a low- or moderate-income (≤80% of the Area Median Income).
The business must have five employees or less.
The business must have a physical establishment.
The business must have experienced a loss of income due to COVID-19.
The business must be located within Seattle.
You may qualify for a grant of up to $10,000.
Deadline to apply is March 25, 11:59PM.
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