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Business Recovery Resource Center

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We understand the impact that COVID-19 is having on our clients and businesses around the nation. We realize that many businesses are facing uncertain times. Please explore this center to find different resources available to your business.


How We Can Help
If you are concerned about your finances or have begun to face financial difficulties, please reach out to us. We understand that each business has a unique situation and it’s important that we find a solution that works specifically for you. 

Please contact your relationship manager or your local branch. You may also contact us at 877-469-5522 for assistance.

Federal Resources

SBA Debt Relief
As part of the Coronavirus debt relief efforts, the SBA will pay six months of principal, interest and any associated fees that borrowers owe for all current 7(a) and 504 loans as well as any new loans dispersed prior to September 27, 2020. Borrowers do not need to apply for this assistance, it is automatically provided as follows:

  • For loans not on deferment, SBA will begin making payments with the next payment due on the loan and will make six monthly payments.
  • For loans currently on deferment, SBA will begin making payments with the next payment due after the deferment period has ended, and will make six monthly payments.
  • For loans made after March 27, 2020 and fully disbursed prior to September 27, 2020, SBA will begin making payments with the first payment due on the loan and will make six monthly payments.

Talk with your banker for more details.


SBA Disaster Loan Assistance
The federal Small Business Administration (SBA) may be able to provide assistance through the Economic Injury Disaster Loans program to businesses that have suffered substantial economic injury in an eligible disaster area.

Visit the SBA Disaster Loan Assistance Center for more information about the status of the program.

Payment Protection Program/CARES Act
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses.

After receiving a significant number of applications and serving a majority of client requests, we have reached our capacity to provide support through the SBA’s Paycheck Protection Program. While we are no longer accepting applications for the program, we will continue to help clients navigate other SBA options, additional credit options as well as payment deferral options. We encourage clients who were unable to apply for a Paycheck Protection Program loan to reach out to their banker to discuss options that would make the best sense for their business. Clients who have already submitted an application should continue to work with their banker to provide the required documentation to process their loan.

Learn More

State & Local Resources

Washington State Resources
Washington State offers several other financial assistance programs, that include extension on tax filings and waivers on late payment fees. 
Visit the Washington Governor’s website

City of Seattle Emergency Fund
The City of Seattle is providing immediate relief for small businesses impacted by COVID-19, which includes:
deferment of B&O taxes and utility payments
direct technical assistance with SBA Loans
Creation of the Small Business Recovery Task Force
View more information about the Stabilization Fund

Washington State Department of Commerce
The Washington State Department of Commerce has a center dedicated to state, regional and federal updates regarding Coronavirus and the resources available.
Visit the Washington State Department of Commerce

Washington Small Business Development Center
The Washington Small Business Development Center is a partnership with the U.S. Small Business Administration, Washington State University and other Washington Institutions of higher education and economic development organizations. Funded in part through a cooperative agreement with the U.S. Small Business Administration.
Visit the WSBDC

SCORE
SCORE offers free business counseling. 
Visit SCORE Greater Seattle
Visit SCORE Tacoma


Oregon State Resources
Oregon State offers several resources for businesses looking for assistance on capital, emergency planning and other resources.
Visit Business Oregon

Small Business Development Center
The Oregon Small Business Development Center empowers business success through our no-cost and confidential consulting and affordable trainings to small businesses throughout the state. 
Visit the SBDC

SCORE
SCORE offers free business counseling. 
Visit SCORE Oregon


Idaho State Resources
The state of Idaho has a center dedicated to resources surrounding the Coronavirus and what Idahoans need to know.
Visit the Idaho Official Government Website

Small Business Development Center
The Idaho Small Business Development Center empowers business success through our no-cost and confidential consulting and affordable trainings to small businesses throughout the state. 
Visit the SBDC

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