Small Business Stabilization Fund

2020 Small Business Stabilization Fund for Businesses Impacted by COVID-19

Initial Round of Awardees Announced April 13, 2020 

To support small businesses financially impacted by COVID-19, the City of Seattle committed $2.5 million in federal Community Development Block Grants (CDBG) to the first round of the Small Business Stabilization Fund. 250 eligible small businesses were selected through a lottery and awarded $10,000.

Applications for the first round of the Stabilization Fund were due March 25.

For a list of Stabilization Fund awardees, click here

There will be future rounds of the Stabilization Fund, however, applications are not currently open. We will notify previous applicants when new Stabilization Fund opportunities are available and will also publicize the new Stabilization Fund grants to the wider Seattle community. 

We are currently working to secure funding for another round of Stabilization Fund grants. All those will have more details to share soon. All those who are interested and able can donate to the Stabilization Fund by emailing covidpledge@seattle.gov

Frequently Asked Questions 

Additional Resources for Small Businesses

The passage of the CARES Act allows for $376 billion in relief for small businesses and workers. The following are some funding options for small businesses:

EIDL Loan Advance

Paycheck Protection Program (PPP) Loan

SBA Express Bridge Loans

Deferment of Exiting SBA Loans