COVID-19 Business Support

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Resources for Businesses in Distress

The Small Business Stabilization Loan is available now until the fund is exhausted.

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Please note:

  • The application needs to be completed in one setting, you can not save and return.

Documents required at the time of application (in PDF file format):

  • Income Statement, Balance Sheet, AND Cash Flow Statements for prior year and year to date.
  • Copy of current business license
  • Proof of insurance
  • IRS tax filings for prior year for business and owners personal if different from the business.

Loan Qualifications include but are not limited to:

  • Have a brick and mortar location in Richland
  • Have less than 20 full time employees
  • Exhibit a 50% or more loss due to COVID-19
  • Hire/rehire 1 full time employee (or combination of part time employees) and retain the position for 12 months
  • If the business reports monthly as required, the loan will be forgiven after 12 months

Stabilization Loan Flier

Dates to Remember:

  • May 1, 2020 Govenor Inslee extends the Stay Home Stay Healthy Initiative 
  • May 31, 2020 Governor Inslee's Stay Home Stay Healthy Initiative ends
  • July 15, 2020 Revised Tax Day - 2019 taxes due

Reopen Resources:

Business Tips During the COVID-19 (Coronavirus) Pandemic:

  • Finally some resources for mid-large size companies! Main Street Lending Program options and FAQs
  • If your business is open and offering services, be sure that you are on this page Tri-Cities Open for Business coordinated by Visit Tri-Cities.
  • Be sure to leverage your website and the Google My Business features to increase your accessibility during these difficult times. The Tri-City Regional Chamber and Cougar Digital made a great video to help! 
  • TRIDEC is offering a new website with map to your business to feature businesses and the promotions they are offering. Please fill out the online form here to be included.
  • The Tri-City Regional Chamber of Commerce is offering some resources to area businesses without membership:
    • Business Resource Rapid Response line from 10a - 12p Monday through Thursday at 509.546.1613 to help with your business questions. 
    • COVID-19 Business Resource Guide
  • Webinars and Workshops for Small Business (FREE)
    • UW Consulting and Business Development Center is offering COVID response and resilience webinars to help businesses adjust to COVID. Check out the classes here.
    •  SBA is offering several workshops for small business and helpful information for reopening here.
  • State officials recommend this site as the most up to date state COVID-19 Information, business tips and tools with a live chat feature included
  • Register for ScaleUp - Covid edition to help create resiliency in your business and make your business more sustainable through this crisis. This is a multi-week remote program that you log into for tips and tricks for the betterment of your business. Space is open until filled.
  • Coronavirus.wa.gov is the state resource website for everything related to the pandemic. 
  • SBDC offers resources to help protect your business, sustain and even thrive during these times of crisis with webinars and business tips.
  • How can small business survive the effects of COVID-19?
  • Keep your finances in order, retain any receipts and document all related COVID-19 expenses.
  • Stay up to date on the Association of Washington Business Resources for Employers page with comprehensive information related to COVID-19.

 Be aware of the potential COVID-19 Tax Credits available

Employment Security Department's website is available at this link for FAQs and where to find information on your claim.

  • Useful Phone Numbers:
    • Have questions (after you’ve checked the website first): 833-572-8400
    • Filing your weekly claim over the phone : 800-318-6022
    • Claims inquiries that can’t be answered online : 800-318-6022
  • Unemployment Benefits Worksheet for Individuals
  • Additional resources for employees can be found here.

Financial Resources for Business during COVID-19 Pandemic:

  • Finally some resources for mid-large size companies! Main Street Lending Program options and FAQs
  • Paycheck Protection Program (PPP) - Cares Act 3.5 infused the program with $310B to help aid businesses in need, the program is open until funds are exhausted.
  • Emergency Injury Disaster Loan (EIDL) - Cares Act 3.5 infused this program with additional funds that will be available 4.27 also. 
    • If you applied for the Economic Injury Disaster Loan through SBA prior to March 30, 2020 you will need to reapply in their new expedited System. At that time the program reopens, the link to the application is here: https://www.sba.gov/page/disaster-loan-applications
    • Apply online here.
    • This loan offers a $10,000 advance option and is the first part of the application you will see.
    • Once applied you will be contacted by a representative from SBA to ask further questions and provide more paperwork. These loans are at 3.75% interest and up to 30 years.
    • Payments have the option of being deferred for up to 6 months.

SBA Doc

  • SBA Bridge Loans - For customers who already have a relationship with SBA this offers quick access to capital on your existing line of credit, up to $25,000.
  • SBA Debt Relief - SBA will make six months of payments for existing customers.

Other Resources:

SBA Loan Programs 

Benton County Council of Governments