Government Assistance Information and Resources

Various local, state, and federal government agencies are offering assistance programs for those affected by the COVID-19 coronavirus pandemic. This page will be updated regularly and should be used only as a resource for learning about the types of government assistance programs currently being offered.Last updated: 6/26/2020

Personal Relief

Financial Resources for Washington Residents Impacted by COVID-19

The Washington State Department of Financial Institutions has developed a list of financial resources for Washington consumers impacted by the Coronavirus. They will add to this list as more resources become available.

Loan and Mortgage Relief

Guide to coronavirus mortgage relief options

https://www.consumerfinance.gov/about-us/blog/guide-coronavirus-mortgage-relief-options/

Important things to know first

For many homeowners with mortgages, there’s help, but first assess your situation.

If you can pay your mortgage, pay your mortgage.

Don’t call your mortgage servicer if you aren’t facing an immediate issue. Mortgage servicers are getting a lot of calls and need to first help those who won’t be able to pay their mortgage. Check their website first for possible options.

If you can’t pay your mortgage, or can only pay a portion, contact your mortgage servicer immediately.

It may take a while to get a loan servicer on the phone. Loan servicers are experiencing a high call volume and may also be impacted by the pandemic. Please be sure to read this blog carefully so you are prepared for this conversation.

A new federal law, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, puts in place two protections for homeowners with federally backed mortgages:

  • A foreclosure moratorium
  • A right to forbearance for homeowners who are experiencing a financial hardship due to the COVID-19 emergency

If you don’t have a federally backed mortgage, you still may have relief options through your mortgage servicer or from your state. For more information from consumerfinance.gov

Stimulus Checks - IRS Economic Impact Payments

Visit the IRS.gov website for the latest information on the coronavirus stimulus checks otherwise known as the Economic Impact Payments

Updated: 5/21/2020

EIP Card - Some economic impact payments being sent as a Debit Card

Some payments may be sent on a prepaid debit card known as The Economic Impact Payment Card

If you receive an Economic Impact Payment Card, it will arrive in a plain envelope from “Money Network Cardholder Services.” The Visa name will appear on the front of the Card; the back of the Card has the name of the issuing bank, MetaBank®, N.A. Information included with the Card will explain that the card is your Economic Impact Payment Card.

Please go to EIPcard.com or IRS.gov for more information.

Check on the status of your Economic Impact Payment

You May Need:
Your 2019 return, if filed, and Your 2018 return

Data is updated once per day overnight, so there's no need to check back more than once per day.

Note: If you receive an SSA or RRB Form 1099 or SSI or VA benefits, your information is not yet available in this application.

For Employees affected by COVID-19

Employment Security Department (ESD) - Washington State - https://esd.wa.gov/newsroom/covid-19

Help Collecting your Unemployment Benefits - https://esd.wa.gov/unemployment

Get ready to apply

Before applying, download the unemployment application checklist to prepare.

Download ChecklistCheck eligibility

Tax Reporting

Internal Revenue Service (IRS) - http://www.irs.gov/coronavirus

Employment Security Department of Washington

Business Relief

Federal ❙ State ❙ Local ❙ Tax Relief

FEDERAL Assistance Programs

SBA Paycheck Protection Loan Program - CARES Act

Updated - 6/26/20
PPP Loan Forgiveness (Accepting Applications Soon)

The SBA has released further guidance for the Loan Forgiveness element of the PPP Loan program.

Click here for details on the SBA PPP loan program.

Please note that 1st Security Bank is not accepting Loan Forgiveness applications at this time. The SBA will begin accepting Forgiveness Applications soon. 1st Security Bank customers will be contacted as soon as we are able to process your application. Please continue to visit our website or contact your Banker for further updates.

Visit SBA.gov for updates

Paycheck Protection Program - https://www.sba.gov/funding-programs/loans/paycheck-protection-program

SBA’s Economic Injury Disaster Loan - EIDL

U.S. Small Business Administration - https://www.business.wa.gov/site/alias__business/1563/sba-disaster-loans.aspx

The Seattle Office of Economic Development (OED) will be offering technical assistance and launching resources to help small businesses apply for SBA loans.

Save Small Business Fund - added 4/17/20

An initiative of the U.S. Chamber of Commerce Foundation - https://savesmallbusiness.com

Applications anticipated to go live on April 20, 2020. Not all areas or businesses eligible.

Check Eligibility Get Notified

STATE Assistance Programs

WA State Coronavirus Response - Official Page

Business & Workers - https://coronavirus.wa.gov/business-workers

Working Washington Small Business Emergency Grants - http://startup.choosewashingtonstate.com/covid-grants/

Apply for up to $10,000 in emergency funding

NOTE: Adams, Asotin, Clark, Garfield, Grant, Island, King, Kitsap, Lewis, Mason, Okanogan, San Juan, Skagit, Snohomish, Stevens, Thurston, Walla Walla, Whitman and Whatcom counties are no longer accepting applications due to overwhelming volume.

Employment Security Department (ESD) - Washington State

For Businesses affected by COVID-19 (coronavirus) - https://esd.wa.gov/newsroom/covid-19-employer-information

Shared Work // Partial Employment // Standby

The Washington Small Business Development Centers

An SBA-funded program that has existed for more than 40 years is here to help!

Every day at 11 am, they are hosting a business resiliency webinar - https://wsbdc.org/protect-your-business/business-resiliency/

Washington Small Business Development Centers resource links - https://wsbdc.org/services/.../disaster-planning-and-recovery/

LOCAL Assistance Programs

Seattle.gov - Small Business/Nonprofit Support

Local, State, and Federal Assistance - http://www.seattle.gov/mayor/covid-19

> CID Restaurants and other Small Businesses Relief Fund - https://scidpda.org/cidbizrelief/

> City of Seattle B&O Tax Deferment Information (email for more information) - tax@seattle.gov

> Financial Support for Nonprofit Organizations Impacted by COVID-19 - https://www.seattlefoundation.org/.../covid-19-response-fund

Pierce County Emergency Small Business Relief Loans

Pierce County Council - https://www.piercecountywa.gov/6770/Emergency-Small-Business-Relief-Loan-Pro

Businesses applying for loans under this program must:
> Be a business physically located anywhere in Pierce County including incorporated cities
> Have 20 or fewer employees (including business owner)
> Be in operation for one or more years (businesses that have had a change in ownership in the past 12 months may be eligible)
> Demonstrate at least a 25% reduction in revenues attributable to the COVID-19 pandemic

> The intent of this loan program is to help as many small businesses as possible. Therefore, there will only be one loan per business owner or owner group regardless of the number of business locations an ownership may have.

> Loan amounts up to $20,000 will be awarded ($1,000 per employee). Loans will be offered to qualified applicants at no interest and no payments for 12 months. Applications will be accepted on a first come, first served basis, subject to available funds.

Visit their website for more information:
https://www.piercecountywa.gov/6770/Emergency-Small-Business-Relief-Loan-Pro

Jefferson County COVID-19 Emergency Response Fund

Jefferson Community Foundation - https://www.jcfgives.org/covid19

> The community has donated over $223,800!

> $114,710 has already gone directly back into the community via 3 rounds of allocations

Visit their website for more information: https://www.jcfgives.org/covid19

SLU Chamber Small Business & Nonprofit Relief Fund

Must meet basic eligibility requirements for consideration -

https://southlakeunionchamberofcommerce.growthzoneapp.com/ 

1) Has fewer than 50 employees or less than $7 million in annual revenue
2) Is located in SLU or has a majority client base located in SLU
3) Is a current SLU Chamber member **If you are not a current member and meet the Fund eligibility requirements you may JOIN for 2020 at no cost, enter promo code FREE**

Kirkland Small Business Relief Fund Seeded by Google

Grants will be dispersed to eligible small businesses and nonprofits in Kirkland - https://425business.com

More information on applications and donations can be found at: kirklandchamber.org/relief

TAX Relief

Tax Reporting

Washington State Department of Revenue (WA DOR) - https://dor.wa.gov/about/business-relief-during-covid-19-pandemic

Internal Revenue Service (IRS) - http://www.irs.gov/coronavirus

CARES ACT Checklist

SBA Paycheck Protection Loan Program (CARES Act)

https://www.sba.gov/funding-programs/loans/paycheck-protection-program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed into law on Friday, March 27, 2020. The CARES Act allocated $350 billion to help small businesses keep workers employed amid the current pandemic and economic downturn.

Included in the CARES Act is the Paycheck Protection Program (“PPP”). The PPP is designed to provide eligible businesses impacted by the COVID-19 outbreak with funding for certain payroll and other qualified expenses to prevent layoffs and economic distress. Importantly, these loans may be forgiven if borrowers maintain their payrolls during the crisis or restore their payrolls afterward.

The program will be administered by the Small Business Administration (“SBA”) and provided to businesses through loans from qualified banks. 1st Security Bank is approved by the SBA to offer loans through the PPP.

At this time, the SBA has not issued the updated loan policy that will reflect changes and additions to the current SBA loan programs as a result of that legislation. Thank you for your patience as we await this guidance. In the coming days, we look forward to offering our assistance to help navigate your banking needs.

FDIC - Frequently Asked Questions (FAQ)

Please visit the FDIC website for the most up to date information - https://www.fdic.gov/coronavirus/index.html

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