Available Grants, Funds, and Loans
Below are a running list of financial resources available for small businesses. We will be updating the page frequently. If you know of any resources we missed, please email us at firstname.lastname@example.org and we will provide updates accordingly.
For technical assistance and in-language support on grants, please email email@example.com
For technical assistance and in-language support on SBA lending, please email OED@seattle.gov or call 206-684-8090
Comcast Rise Grant - $10,000
The Comcast RISE Investment Fund announced a second round of grants to provide $6 million additional dollars to hundreds of small businesses owned by people of color, including Black, Indigenous, Hispanic, and Asian American owners.
From October 1 through October 14, eligible businesses in Seattle and select cities can apply for a $10,000 grant at www.ComcastRISE.com. A total of 100 grants in Seattle will be announced at the end of November 2021 and awarded in December 2021.
- Established business operations for 3 or more years.
- 25 or less full-time and part-time employees
- at least 51% owned and operated by person of color
COVID Economic Injury Disaster Loan (EIDL) Program
The SBA Administrator announced enhancements to the COVID EIDL program. More than $150 billion in COVID EIDL funding is still available through the end of the year. Visit www.sba.gov/eidl for more information about all COVID EIDL programs.
Key changes include the following:
- Increasing the COVID EIDL cap - The SBA will lift the COVID EIDL cap from $500,000 to $2 million for any normal operating expenses and working capital.
- Implementation of a deferred payment period - small business owners will not have to begin COVID EIDL repayment until two years after loan origination.
- Establishment of a 30-day exclusivity window - for loans of $500,000 or less.
- Expansion of eligible use of funds - eligible to prepay commercial debt and make payments on federal business debt.
- Simplification of affiliation requirements - to model those of the Restaurant Revitalization Fund.
Visit the City of Seattle's small business grant page for more information