COVID-19 Business Resources

TwispWorks is working overtime to stay on top of the emerging opportunities to support local businesses, non-profits, independent contractors, sole proprietors and the self-employed, during the COVID-19 pandemic. TwispWorks staff are currently contacting every business to provide resources, training and materials to help them secure state and federal assistance.

Business Support Logo If you are a business with questions about which program is best for your situation, please email BusinessSupport@TwispWorks.org

Business Resources

Below is a consolidated list of the most relevant resources developed to assist small businesses impacted by COVID-19.

The Paycheck Protection Program

For businesses seeking capital to make payroll, the US Small Business Administration has implemented the Paycheck Protection Program (PPP). PPP loans are predominantly aimed at covering payroll costs (75% of the loan) but can be used to address other expenses, including utilities, rent, and interest on mortgage payments. However, not more than 25% of the loan forgiveness amount may be attributable to non-payroll costs. Loans used to cover these costs are 100% forgivable at the end of the eight-week period during which they are used so long as businesses meet all the requirements.

Contact your primary lender to see if they are an SBA approved lender. As of April 3rd, 2020, SBA approved lenders in our region are NCNB, US Bank, People’s Bank, Umpqua, Chase, and Wells Fargo and Washington Federal.

If your bank is not participating in this the PPP you can still apply! People’s Bank and Sunrise Bank are currently accepting applications from non-customers. Intuit is working to create a PPP Loan application through QuickBooks online. Kabbage is currently accepting applications however it is important to note that they are a financial tech company and not a traditional bank.

To understand if you qualify and what information you will need to provide to the bank, refer to the
US Chamber of Commerce Financial Assistance Guide

Download Paycheck Protection Program Application

Economic Injury Disaster Loans (EIDL) & Emergency Grants

If you are a business or nonprofit that is looking for a more rapid influx of cash, the EIDL route — which includes quick approval of a $10,000 emergency grant — could be the best first step. EIDL grants and loans can be used for a broader array of costs, including rent and mortgage payments, salaries, workers’ paid leave, and the business’s operational needs. Because small business owners don’t have to worry about as many rules around loan forgiveness, there’s slightly more flexibility regarding these funds.

To understand if you qualify and what information you will need to provide to the SBA, refer to the

US Chamber of Commerce Guide to SBA’s Economic Injury Disaster Loans

Apply for SBA Economic Injury Disaster Assistance →

Working Washington Small Business Emergency Grant

The Working Washington Small Business Emergency Grant program aims to assist small businesses impacted by COVID-19. Grants up to $10,000 will be approved on a case-by-case basis and are dependent on the availability of funds.

Deadline to apply is Friday April 10th. Applications must be submitted to Application@Economic-Alliance.com

Who Can Apply?
• You must have been in business for at least one year.
• This grant is aimed at small businesses with 10-or-less full time employees.

What can fund be used for?
• Operational expenses: rent, supplies/inventory, utility bills, etc. as well as consulting, marketing, and training
• Grant funds can not be used for: payroll, capitalized equipment, travel, office equipment, and computer software
• Applications must include a list of proposed expenses grants will be spent on, including any outstanding invoices dated beyond 3/1

Apply for the Working Washington Small Business Emergency Grant

Unemployment

If you have questions about Unemployment options please visit
Employment Security Department Resources for Workers

Methow Valley Artists

If you’re a Methow Valley-based artist, Methow Arts is here to help. Reach out to them today!
Methow Arts Alliance

Local Business Information

Please consider supporting the Methow Valley economy today by making a purchase, pre-paying for a service or buying a gift certificate! Visit the Twisp Chamber of Commerce’s COVID-19 web page to find information about Methow Valley-based businesses including hours of operation and contact details.

Visit the TwispWorks Partner page for the latest information on campus based businesses.

Visit the Methow Made website for information about locally made goods and services.

We will be updating this page as more resources become available so please check back often. If you still have questions you can reach us directly at BusinessSupport@TwispWorks.org
.