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City of Seattle: Small Business Stabilization Fund

Sunday March 15, 2020 | Business, Employment

City of Seattle: Small Business Stabilization Fund

From the City of Seattle: “

To mitigate barriers to capital for Seattle’s most vulnerable businesses, the City of Seattle will commit approximately $1.5 million in one-time Community Development Block Grant (CDBG) funds to the Small Business Stabilization Fund, 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.

You may qualify for a grant of up to $10,000.

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