SBA Disaster Loan Technical Assistance

Update 1/15:

A new federal stimulus package was signed into law Dec 27, 2020, key changes include:

PPP logo of a cash bundle Paycheck Protection Program (PPP) Loans

The Paycheck Protection Program (PPP) offers forgivable loans to small businesses to pay their employees and other expenses during the COVID-19 crisis.  

New Information as of January 15, 2021

The following are new changes to PPP:

  • PPP is open again for first and second time applicants
  • First-time borrowers (First Draw). Applicants can have no more than 500 employees and their business must have been in operation as of February 15, 2020. The first-time application for a PPP loan can be up to 2.5 times the business’ average monthly payroll costs, up to a $10 million loan maximum.
  • Second-time borrowers (Second Draw). Businesses can apply for a second PPP loan if they’ve spent or expect to spend the full amount of their first PPP loan before they receive funding for the second loan. In general, borrowers can have no more than 300 employees. The second loan can be up to 2.5 times the business’ average monthly payroll costs, up to a $2 million loan maximum.
  • NOTE: All businesses applying for a second PPP loan must show that their business revenue declined by at least 25% in any quarter in 2020 compared to the same quarter in 2019.
  • NOTE: Businesses can apply for a second loan whether or not they have requested PPP Forgiveness or if the PPP Forgiveness application is in process.
  • Accommodations and Food Services companies with NAICS code 72 can borrow up to 3.5 times the business’ average monthly payroll costs, up to a $2 million loan maximum.
  • 100% of the loan will be forgiven based on a 60%/40% split
    • At least 60% of loan is utilized for payroll
    • Up to 40 % is used for rent, mortgage, interest, utilities.
  • Expanded uses of the loan include operations expenses, property damage, supplier costs and worker health/protection expenditures.
  • Funds must be spent between 8-24 weeks after receipt of loan funds (this is the covered period)
  • Simplified forgiveness application for loans under $150K
  • Application deadline is March 31, 2021.

Who can apply?

Eligible entities include businesses, certain non-profit organizations, housing cooperatives, veteran organizations, tribal businesses, self-employed individuals, sole proprietors, independent contractors, and small agricultural co-operatives.  501(c)(6) and Destination Marketing Organizations are also now eligible. See if you are eligible to apply here.

Where to apply for a PPP loan?

PPP loans are awarded by approved lenders who work directly with the SBA. To apply for a PPP loan, begin by contacting an approved lender. Individual lenders have their own application processes and required documents. If you have an existing relationship with a lender or you have a previous PPP loan, inquire with your lender about applying for the current round of PPP.  If you do not have a relationship with an existing lender, contact the following approved institutions who are accepting applications:

For more information about PPP loans:

EIDL Logo of a signed loanSBA Economic Injury Disaster Loans (EIDL)

Businesses and non-profits that have been impacted by COVID-19 are now eligible to apply for low‑interest working capital loans through the U.S. Small Business Administration Economic Injury Disaster Loans (EIDL) program. These loans can help small businesses meet financial obligations and cover operating expenses. The interest rate is 3.75% for small businesses and 2.75% for non-profits.

EIDL loan assistance can be used for working capital and normal operating expenses such as  payroll and inventory, pay debt, or fund other expenses. EIDL amounts are  generally determined by 6 months of losses. Credit scores are part of the underwriting criteria.  Collateral is only required for loans over $25,000. Payment amounts are deferred one year from loan funding. EIDL is limited to one loan per business. Businesses may request a loan increase.

Deadline to apply for EIDL is extended to December 31, 2021.

 New Information as of January 15

  • Renewed funding for COVID-19 Tareted EIDL Advanced provides businesses located in low-income communities with additional funds to ensure small business continuity, adaptation, and resiliency. Advance funds of up to $10,000 will be available to applicants located in low-income communities who previously received an EIDL Advance for less than $10,000, or those who applied but received no funds due to lack of available program funding.
  • EIDL Advance is no longer deducted from PPP forgiveness amount.
  • Targeted EIDL Advanced applicants do not need to take any action at this time. SBA will reach out to those who qualify. All communications from SBA will be sent from an official government email with an @sba.gov ending. Please do not send sensitive information via email to any address that does not end in @sba.gov.

Applying for EIDL

Prepare the following information before you apply:

  • Employer Identification Number (EIN)
  • Social Security Number (SSN)
  • Number of employees
  • Bank account and routing numbers

For more information, please visit SBA.

Frequently Asked Questions

Apply for EIDL Here

If you have already applied for EIDL, please note you can only check application status at SBA customer service at 1 (800) 659-2955 (TTY: 1 (800) 877-8339) and ask for Tier 2 or email  disastercustomerservice@sba.gov. (They are now staffed 24/7, and have added a chat feature.) 

Shuttered Venue Operator Grant logo of theatrical masks (comedy and tragedy) and a ticket stubShuttered Venue Operators Grant

The second stimulus package allocated $15 billion to help live event venues, promoters, theatrical producers, live performing arts organization operators, museum operators, motion picture theatre operators, or talent agencies who were devastated by the COVID-19 pandemic.  

  • $2 billion is set aside for these entities that employ no more than 50 FTE
  • Initial grants will award up to $10 million to an entity
  • For the first 14 days of implementation of the program, grants shall only be awarded to entities with 90% or greater revenue loss
  • Second 14 days of implementation, grants shall only be awarded to entities with 70% or greater revenue loss
  • After the first two waves, the grant is open to agencies who demonstrated at least a 25% reduction in revenues
  • Grants shall be used for expenses such as payroll costs, rent, utilities, and personal protective equipment
  • If businesses received a PPP loan prior to December 27, 2020, they are eligible for the Shuttered Venue Operator grant. However, businesses cannot apply to both the Shuttered Venue Operator grant and the renewed 2021 PPP funding
  • Organizations can apply for both the Shuttered Venue Operator grant and EIDL

Preparing for the Shuttered Venue Operators Grant

Businesses interested in the Shuttered Venue Operator grant should prepare the following:

Questions about the Shuttered Venue Operators Grant? Contact the Office of Film and Music Nightlife Business Advocate Scott Plusquellec, (206) 256-5152 or Scott.Plusquellec@seattle.gov.

For accommodations or accessibility information, contact the Office of Economic Development at (206) 684-8090 or oed@seattle.gov.

Small business advocates meeting with small business owners in Beacon HillNeed help with these SBA resources?

OED provides  free technical assistance to businesses applying for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL). This includes helping businesses navigate the application process.

For general inquiries, please email OED@seattle.gov or call (206) 684-8090.

When you call you may reach a live person or a voicemail. If you reach the voicemail, please tell us:

  • Your name
  • Phone number
  • What support you need

If you need language assistance enter the number for the corresponding language (Spanish, Vietnamese, Mandarin, Cantonese, Korean, Somali, Amharic), leave a voicemail in your preferred language and a bilingual staff member will call you back.  If you need language assistance with other languages please indicate your preferred language on the voicemail and a staff member will call in a third-party interpreter on the phone to assist with the conversation. 

Please note that many people are calling us for help, so expect longer than average wait times. You may also experience a wait time while connecting to an interpreter.