Small Business Stabilization Fund

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. 

 


Our outreach targets  small businesses with low income owners located in neighborhoods at high risk for displacement. 

Grants may be used to cover the day-to-day operating expenses of the business, such as payroll or losses due to destabilizing events.

Applications are now close

Frequently Asked Questions

If you prefer a paper copy or if you have questions please email oed@seattle.gov or 206-684-8090.


Finished completing the Emergency Stabilization Fund? Take the COVID-19 Economic Impact Survey!

City of Seattle, Greater Seattle Partners, and the Seattle Metropolitan Chamber of Commerce is collecting information on the effects of COVID-19 on businesses, non-profits, arts, and workers in the Seattle region.

Take the COVID-19 Economic Impact Survey