Slideshow about PPP, EIDL, and PPP Forgiveness from Steve Burke, subject matter expert for WA State SBDC
Targeted EIDL Advance ( Only available to those that applied last round)
- Is your business address located in the area shaded in pink?
- Did you apply for an EIDL Advance in 2020 and receive a grant amount less than $10K?
- Has you revenue declined by more than 30% since 2019?
If you can say yes to these three items you should be on the lookout for an email from Targetedadvance@sba.gov. You very quickly will be receiving from the SBA the difference between $10K and the amount you received as an EIDL Advance in 2020. As an example, if you received $3K in 2020 (based on the number of employees you had in your business) as an EIDL Advance you can very quickly receive another $7K.
Applicants do not need to take any action at this time. SBA will reach out to those who qualify.
SBA will first reach out to EIDL applications that already received a partial EIDL Advance (i.e. between $1,000 – $9,000). Applicants will be contacted directly by SBA via email in the coming weeks with instructions to determine eligibility and submit documentation.
If your request is approved, you will receive an email notification and an ACH deposit to the bank account you provided in your application. It is very important that you double-check your bank account information carefully before submitting. Incorrect or incomplete information may result in an inability to approve your request or successfully disburse your funds. Carefully review the information below regarding bank account deposits.
- Double check that your account number and routing number are correct. They should be located at the bottom of your checks, if available. Log into your online banking account and locate that information there or contact your bank for confirmation.
- Make sure that the routing number provided is usable for ACH payments. Many Advance applicants submitted routing numbers reserved for other types of payments which resulted in the inability to send them an Advance.
- Bank name should be the official name of the bank; please contact your bank if you are unsure.
- Ensure you provide a checking account to facilitate the ACH payment.
- Double check that your account is still open and able to receive payments.
- Before submitting, you must make sure that the bank account you are providing satisfies the following:
- Account is opened using your business legal name matching the values entered in the business information section on your application. If you do not have a business legal name, the name on the account must match the business owner’s name
- Account has your business address and phone number matching the values entered in the business information section on your application.
- Account is opened using your business tax id (EIN or SSN if no EIN registered) matching the values entered in your initial application.
- Common reasons why the account validation might fail would be the account holder name does not match the business name on the application, the business name changed since opening the account, using a personal account for business, account being in someone else’s name such as a spouse or friend, reusing a bank account for multiple businesses that do not match the business name on the application.
- If you do not have a bank account that satisfies the criteria above, there is a greater chance that SBA will not be able to approve your Target EIDL Advance.
All applicants may be asked to provide an IRS Form 4506-T to allow SBA to request tax return information on the applicant’s behalf.
Please do not submit duplicate COVID-19 EIDL applications. Only prior applicants will be considered for the Targeted EIDL Advance. SBA will reach out to you if you qualify!
Shuttered Venue Operator Grants:
In order to apply for the SVOG you will need to register with the Federal Government under the System for Management (SAM#). Register for the number HERE
You will also need a DUN and Breadstreet (DUNS#) which you can get HERE
The SBA will be providing more information on how to apply for these grants soon. Be sure to sign up for the Clallam EDC newsletters to receive information on how to apply as soon as the grant opens or the information will be able to be found at www.sba.gov when the program information is available.
— This grant will be administered by SBA’s office of Disaster Assistance.
–$15 billion for Direct Grants for Shuttered Venue Operators.
–SBA will make grants to eligible live venue operators or promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theatre operators, or talent representatives who demonstrate a 25% reduction in revenues.
How much can I receive in this grant?
The amount of grant appears to be either:
–45% of your 2019 revenue or
–85% of 2019 operating expenses.
It is possible for some Venues to receive more than one round of funding. The second round would be half the amount of what was received in the first round.
How Can the Money be used?
Grant funds can be used for expenses such as payroll costs, rent, utilities and personal protective equipment.
I am a Small Venue Operation – will there be money available for me?
$2 billion of the $15 billion is set aside for businesses with 50 full-time employees or fewer, but this set-aside expires after 60 days after the grant program opens.
Grant funding will go to the hardest hit first:
In the initial 14-day period, grants will be awarded to businesses whose revenue decreased by 90% or more. In the next 14-day period, grants will go to businesses whose revenue decreased by 70% or more. After these two periods, grants shall be awarded to all other businesses.
Important to note:
- In order to be eligible for the Shuttered Venue Grant your business must have been in operation as of February 29, 2020
- The application portal is not yet open.
- If you think you may be eligible and would like to be added to our notification email list, please email firstname.lastname@example.org
- You are not prohibited from applying for an SVOG if:
- You already have a Covid EIDL loan or plan to apply for one
- You received a PPP loan before December 27, 2020
- The following slides came from this recorded webinar.
City of Port Angeles Utility Grant for Businesses:
Approved businesses will receive a credit of $200.00 toward their monthly utility bill.
Can you say yes to the following?
–Business temporarily closed or services reduced by Government order
–Employee layoffs (temporary or permanent)
–Revenue collection of 75% or less from one-year previous
—Business is located in the Port Angeles City limits.
Click Here to apply.
Working Washington 3 Grant Outcomes:
The WA State Department of Commerce have notified businesses around the state that were selected to receive a Working WA grant.
Approximately 7,200 businesses received $12,500 grants.
–In addition, Commerce awarded 630 businesses $4,500 each to businesses that had previously received an $8,000 business resiliency grant and also met the priority criteria for the Working Washington 3 grant. This ensured resiliency grant recipients received the same funding amount they would have received had they applied for a Working Washington grant.
Commerce received over 29,000 applications in total, so approximately one in four applicants received a grant.
More than half the recipients are full-service restaurants.
–If you applied for a Working WA 3 grant and you have questions you can contact Commerce at email@example.com. Due to high volumes of correspondence, Commerce is unable to return all voice messages so e-mail will be the fastest and easiest way for Commerce’s team to respond.
Working WA 1 (WWSBEG) List of Recipients:
This map shows more than 1,400 recipients of the Round 1 Working Washington Small Business Emergency Grants. You can search by County or industry sector. In Clallam County there were 48 recipients receiving in total more than $177K.
Link to Map Search
Working WA 2 List of Recipients:
The link to this map shows the 1,570 recipients of Round 2 of the Working WA Small Business Emergency Grants. In Clallam County there were 26 businesses that received in total over $110K.
Link to Working WA 2 Map Search
Lifeboat 1 & 2 Grant Totals:
Clallam County Commissioners created the Lifeboat 1 & 2 Grant Programs which funded 277 Clallam County Businesses with $1.66M in total.
Grants for Non-Profits & Governments:
Rural Business Development Grants (RBDG)
RBDG is a competitive grant designed to support targeted technical assistance, training,
and other activities leading to the development or expansion of small and emerging private businesses in rural areas that have fewer than 50 employees and less than $1 million in gross revenues. Programmatic activities are separated into enterprise or
opportunity type grant activities.
How much funding is available?
There is no maximum grant amount for enterprise or opportunity type grants; however, smaller requests are given higher priority. Generally, grants range from $10,000 up to $500,000. There is no cost sharing requirement.
How may funds be used?
Enterprise type grant funds must be used on projects to benefit small and emerging businesses in rural areas as specified in the grant application.
Uses may include:
• Training and technical assistance, such as project planning, business counseling/training, market research, feasibility studies, professional/technical reports, or product/service improvements
• Acquisition or development of land, easements, or rights of way; construction, conversion, renovation, of buildings, plants, machinery, equipment, access streets and roads, parking areas, utilities.
Opportunity type grant funding must be used for projects and can be used for:
• Community economic development
• Technology-based economic development
• Feasibility studies and business plans
• Leadership and entrepreneur training
• Rural business incubators
• Long-term business strategic planning.
Check out the Fact Sheet Here
or more information contact Phil Eggman
Release Date Aug 03, 2020
Grant Writing Class at Peninsula College
Is your organization considering applying for a grant? Why not increase your chances by taking enrolling in Grant Writing Boot Camp with Peninsula College Community Ed?
This course is a fast-paced immersion in grant writing essentials. Learn all of the basics, plus strategic tips and tricks of effective grant proposal development, including understanding elements of the proposal, grant budgets, partnership strategies, and funding opportunity research. This course will provide a high-level overview of all components of effective grantsmanship through hands-on learning with an experienced grants professional who has generated over $60 million in public, corporate, and foundation funding.
- Phase 1 & 2 of Provider Relief Fund Grant (Closed)
- Kitsap Bank’s Edg3 Fund 2020 (Closed)
- Lifeboat1 Grant Awards (Closed)
- Working Washington 1 Grant (Closed)
- CDBG Micro-Enterprise Grant (Closed)
- Working Washington 2 Grant (Closed)
- Lifeboat 2 Grant (Closed)
- NDC Small Business Resiliency Grant (Closed)
- Fall Childcare Covid-19 Grant (Closed)
- Childcare grants for non- profits and tribal governments (Closed)
- ArtsWA Grant (Closed)
- Phase 3 Provider Relief (Closed)
- Resiliency Grant (Closed)
- Forks City Grant (Closed)
- Round 3 Working Washington Grant (Closed)+
- Sound Publishing Grant: (Closed 1/24/21)
- Rural Relief Small Business Grants – up to $20K funded by Lowes ( Closed 2/2/21)
- $10,000 Tourism Grants from the Port of Seattle (Close 2/5/21)