COVID-19 Help
As you navigate through this period of uncertainty, we will be sharing select resources in the list below (that we independently reviewed) that may provide some stability or help in the short or long term for individuals, small businesses, landlords and tenants. We are also sharing information from restaurants and retailers on our Instagram and Facebook pages, and in our stories. Check them out and support these and other businesses where you can!
Email: wccr@wccommercialrealty.com
+1 (206) 283-5212
We are all in this together.
RESOURCES
We will update this list as we identify resources to share. The most recent will be on top. Scroll down for the full list.
How You Can Help - Nov 2020
https://www.instagram.com/p/CHqmdsgAllY/
Phase II Counties in Washington Commercial Showing Update:
https://mailchi.mp/wccommercialrealty/property-tours?e=a95292b1c3
Donation Opportunity, Coming Together for Our Neighbors in Need: https://www.windermere.com/blogs/windermere/posts/coming-together-for-our-neighbors-in-need
"My New Normal" West Coast Commercial Realty Managing Broker Tiffini Connell, Bisnow 4/19/20
Small Business Loans (Landlords, Tenants, Sole Proprietors, Independent Contractors):
We have been sharing our knowledge of two different loan programs for small businesses (up to 500 employees and some other requirements).
1. This first one has the forgiveness provision you may have heard about:
https://www.uschamber.com/sites/default/files/023595_comm_corona_virus_smallbiz_loan_final.pdf
2. This one is through the SBA’s Disaster Loan program:
https://www.uschamber.com/sites/default/files/uscc_covid19_sb-economic-injury-disaster-loans.pdf
Great resource for small businesses in Seattle, including requesting take-out parking spots in front of restaurants, loan information and B & O Tax deferral.
Intuit, Yelp and GoFundMe started a Small Business Relief Fund which will be used to issue $500 matching grants to businesses that raise at least $500 on their COVID-19 related GoFundMe campaign. Information available embedded in this article:
https://www.bizjournals.com/sanjose/news/2020/03/24/intuit-coronavirus-small-business-help.html
Crowd-sourced Google map of restaurants throughout Puget Sound offering take out and delivery. Map has links to websites and ordering pages. Created by a member of a Facebook group called "Save Seattle Restaurants: Eat Take-Out!"
This is an informative article to help independent and franchise retail tenants manage their cash flow and find other resources for debt relief:
The Independent Restaurant Coalition was created by independent restaurants all over the country + the James Beard Foundation and Food Policy Action in order to support the restaurant industry. They are advocating for individual calls for action to our legislators to help with relief efforts for the industry.
https://www.saverestaurants.co
Dining Bonds Initiative - nationally and internationally. Direct support of restaurants registered on the website through the private purchase of dining bonds.
https://supportrestaurants.org/
All In Seattle is a group of like-minded Seattleites and community members who are quickly deploying resources directly to proven non-profits who can deliver it to those most in need. This is a Donation Opportunity, but also a list of resources that are being funded by this group, including small businesses, community and workers, and food security.
Donation Opportunity: If you own or work at a construction company, a medical or dental office with an inventory of new PPE that you can donate, click below for more information on this drive to get much needed unused PPE to local hospitals:
https://www.suppliessaveliveswa.org
Self-Employed Tax Credit as well as other tax credits to offset PTO and PSL, as well as individual benefits for employees:
Washington Health Plan Finder is offering a special enrollment period through April 8, 2020 to qualified individuals who are uninsured.
https://www.wahbexchange.org/coronavirus-faqs/
Donation Opportunity: London Plane has been making and delivering 1,600 meals a day to UW Medical Center staff who are on the frontline of our community. The meals cost $6.26/each. Click here to donate:
SBA Disaster Loans available to 32 WA counties and 6 Oregon counties (as of 3/17/20).
https://content.govdelivery.com/accounts/USSBA/bulletins/28180e8
Financing through SBA Loan Guarantee Program - working capital, microloans, express loans and lines of credit. And counseling services through the SBA Resource Partner Network to help businesses navigate preparedness plans.
Bartender Emergency Assistance Program - also applies to anyone “otherwise engaged in the production, promotion or distribution of alcoholic beverages."
https://www.usbgfoundation.org/beap
City of Seattle Small Business Stabilization Fund offering grants of $10,000 to the least capitalized and smallest companies affected:
United Way of King County, and the parent organization nationally, have set up a Community Relief Fund and are starting to work on donations. If you want to donate, or are able to direct a large company to them to partner, the link also has this information available.
For individuals and small businesses, there is a list of resources available ranging from rent assistance to unemployment help under the Get Help > View Resource List section.
https://www.uwkc.org/covid-19-updates/
Washington State Department of Financials Institutions have complied a list of economic resources from unemployment to trouble paying college loans, credit cards or rent during this period.
https://dfi.wa.gov/coronavirus-financial-resources
Banks, Credit Unions, etc. — some are offering deferred payments on loans, for example Ally Bank is allowing 120 day deferments on car and mortgage loans. Interest will accrue, but the payment can be deferred. Many of these offers are not posted on their websites, they are in emails to their customers. Have your clients, or you yourself, read the messages from your banking partners.
Companies are hiring! PCC announced they are hiring and shortening the process, Trader Joe's is hiring and Amazon announced hiring of 100,000 employees for fulfillment centers and grocery stores.
Taxpayers will get a three-month reprieve to pay the income taxes for 2019 on up to $1M in tax owed. The reprieve would cover many pass-through entities and small businesses as well. Corporate filers would get the same length of time to pay amounts due on up to $10 million in taxes owed. During that three-month deferral period, taxpayers won’t be subject to interest and penalties, he said.
https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020
Information provided was secured from sources believed to be reliable, however no representations are made as to its accuracy. Users must confirm independently if the information is applicable and up to date.