Updated (6/2/21): Our SBA small business lending partner, The Loan Source Inc. (“Loan Source”), is no longer accepting new PPP applications. To check the status of a pending application, log in to your Loan Source account here.
LOAN FORGIVENESS:
If you are ready to begin the forgiveness process, The Loan Source is currently accepting forgiveness applications for first round PPP loans of $150,000 or less. Click the “LOAN FORGIVENESS PORTAL” link below to get started. For loan forgiveness over $150,000, use the “SEND US AN EMAIL” link.
Please check back frequently for updates. Additional resources to help you wrap your head around the loan forgiveness process can be found below.
For questions about loan forgiveness, please use The Loan Source’s chat feature or email support@theloansource.com.
Have other questions? Check out the SBA website, or send us your questions at SBAPPPForgiveness@columbiacu.org.
The Small Business Administration is offering an emergency loan program for small businesses in Washington and Oregon. The Economic Injury Disaster Loan (EIDL) is designed to keep small businesses and self-employed people afloat in the immediate aftermath of the COVID-19 pandemic.
State agencies have been working with federal agencies, employers, and workers to support businesses and workers affected by COVID-19. We’ve laid out some resources that businesses and their employees can look to for help.
Child Care Partnership Grant
Washington nonprofit organizations, federally recognized tribes, and local government entities, including school and educational service districts, can now apply for grants to help stabilize and expand child care capacity. Learn more and apply with the WA Department of Commerce.
Resources for Reopening Restaurants
To assist restaurants in relaunching, the Washington Hospitality Association (WHA) has developed a vast array of resources here.
Personal Protective Equipment (PPE) Sources
You can visit the Association of Washington Business (AWB) Rebound and Recovery web page where AWB PPE Connect links businesses with manufacturers who supply PPE. Companies that manufacture PPE can request to be added to the supplier list by completing the AWB PPE Connect request form.
New Grants for Clark County Businesses
Find information and apply for grants throughout Clark County for small businesses and nonprofits here.
The Employment Security Department has information for employees and employers about possible benefits such as Paid Family and Medical Leave, unemployment benefits and SharedWork.
The Department of Labor & Industries oversees the state’s paid sick leave law, the workers’ compensation program and workplace safety issues. The agency has FAQs on these and other topics related to coronavirus.
The federal Centers for Disease Control and Prevention has recommendations to help employers keep their workers safe with sick leave policies, cleaning routines and more.
The state Department of Revenue has information on relief for taxpayers, including extensions for filing and paying tax returns.
The IRS posted filing and payment deadline Q&As to address the federal filing and payment extension to July 15 and the additional extension to Oct. 15, first quarter estimated tax payments, IRAs and HSAs.
Insurance Commissioner Mike Kreidler urges all insurers doing business in Washington to immediately extend automobile insurance coverage for personal delivery drivers to aid people temporarily assigned this duty during the coronavirus pandemic and state of emergency.
In addition, the Office of the Insurance Commissioner has information about insurance coverage businesses need to protect themselves from potential losses.
The IRS is issuing a 3rd round of Economic Impact Payments (EIP).
*Use the IRS’s Get My Payment tool to check the status of your payment now.
What you need to know:
The American Rescue Plan authorizes $1,400 Economic Impact Payments for each eligible person ($2,800 for couples), plus an additional $1,400 for each dependent. As with the other payments, these will be reduced – or eliminated – for people with incomes above certain amounts. See if you qualify here.
Direct Deposits vs Debit Cards:
If the IRS does not already have your direct deposit information, you may receive an EIP debit card. Once activated, the card can be used anywhere Visa Debit Cards are accepted, or you can transfer the funds from an EIP Card to your Columbia CU account at no cost online.
Learn how to transfer your EIP Card balance to your bank account here.
Read about pandemic scams related to Economic Impact Payments and more here.
The Small Business Administration is providing guidance, loan assistance, and debt relief options for impacted businesses nationwide.
The Business Oregon Coronavirus (COVID-19) Resources for Businesses page can also provide more information on how Oregon businesses can receive aid.
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