Register here: https://pxlme.me/EIDLupdate2
We will provide simultaneous interpretation to assist non-English speakers. Indicate language preference when registering.
Small businesses and nonprofits still have time to apply for long term 30-year, low interest loans and small grants through the SBA’s Economic Injury Disaster Loan (EIDL) Program.
Join representatives from the U.S. Small Business Administration (SBA) as they provide updates and share everything you need to know about these EIDL programs. Translated versions of the EIDL application will also be available for notetaking during the webinar.
General EIDL Program Overview:
- 30-year loans for up to $500,000 at a 3.75% fixed interest rate (2.75% for nonprofits) with no pre-payment penalty
- Two grant programs, the $10,000 – Targeted EIDL Advance and the $5,000 -Supplemental EIDL Advance are earmarked for businesses in low-income communities. To be considered for these grants, an organization must apply for a loan. Organizations can be awarded grants even if they are denied a loan or decide not to accept it
Expected updates to the EIDL Program include:
- Raising the maximum loan amount from $500,000 up to $2 million while also increasing the aggregate loan cap up to $10 million
- A waiver of affiliation rules (that mirrors that of the Paycheck Protection Program)
- Funds can now be used to pay down prior commercial debt and make monthly payments towards federal debt (including principal and interest payments)
We will host a Q&A session as time allows – feel free to submit your questions in advance when registering. If you are unable to attend the live webinar, please register to receive an email link to the recording.
Virtual Coffee Chat! We welcome BIPOC and Immigrant led nonprofit human/social service providers based in East King County.*
Was your organization specifically founded to serve one or more of our Eastside communities of color and/or immigrant communities?
Are you interested in support for any of these needs?
• Accessing funding (grant info, grant writing/technical assistance)
• Transitioning from an all-volunteer organization to one with paid staff?
• Finding office space
• Accounting, taxes, and financial management
• HR guidance for staffing, employment/hiring policies, benefits, etc.
• Finding a fiscal sponsor
• Obtaining your 501c3
• Partnering with other organizations to coordinate services
• Marketing (increase visibility for your work)
• Mentoring and guidance from other nonprofit leaders, especially ones who understand your work and your community
• Safe spaces to share your struggles and celebrate your accomplishments
• Opportunities to stand in solidarity with others
• Take action to alleviate systemic barriers that impact your work and your community
Come make connections, get information, and share ideas for how we can work together to support small and emerging nonprofits, especially those in communities that experience the greatest disparities, the least amount of representation, and/or the fewest resources based on historic and current patterns of racism and marginalization.
- Share your mission, services, and hopes for the future of your organization on the Eastside
- Hear about One Eastside Spark and the resources they have for nonprofits and small business owners.
- Share what your organization needs to be as strong as possible for the critical work you do every day.
- Lift each other up and honor all the ways we support the community!
* Majority of your clients/participants are in East King County and your organization has a main office (or satellite office) in East King County.
Hosted by: Centro Cultural Mexicano, CISC, Eastside For All, Eastside Pathways Funding Group, Muslim Neighborhood and Community Association, OneEastside SPARK, and NISO Promotores
Arts and cultural organizations in our region have been hard hit by the economic impacts of COVID-19, since they have been unable to safely perform or gather patrons in their spaces. At the start of the pandemic in March, unemployment claims in the arts and culture sector increased by over 2,000%, and it is estimated that our local organizations will lose tens of millions of dollars this year.
But there is hope ahead, with updated guidance for museum openings and virtual options from arts organizations that are getting creative around their upcoming seasons. Hear from our panel on how they are reimagining their spaces and their performances, and what you can do to support our larger institutions as well as smaller venues and artists.
Arts and cultural organizations in our region have been hard hit by the economic impacts of COVID-19, since they have been unable to safely perform or gather patrons in their spaces. At the start of the pandemic in March, unemployment claims in the arts and culture sector increased by over 2,000%, and it is estimated that our local organizations will lose tens of millions of dollars this year.
But there is hope ahead, with updated guidance for museum openings and virtual options from arts organizations that are getting creative around their upcoming seasons. Hear from our panel on how they are reimagining their spaces and their performances, and what you can do to support our larger institutions as well as smaller venues and artists.
A Swiss Army knife is a multi-faceted compact knife with various attachments for multiple uses. The term “Swiss Army Knife has even acquired usage as a figure of speech, indicating it’s extreme versatility applicable to any scenario one might encounter. SBDC would like to introduce you to Breakeven, an equally powerful multi-faceted business financial tool that, when used correctly and wisely, can act as your “Swiss Army Knife”. Breakeven tells you the level of sales that you need to achieve in order to “make bank” each month. But we want your business to thrive, not just breakeven! Learn how to use this valuable tool to help you make many financial decisions in your business to help ensure your profitability. Learn the steps for calculating a simple breakeven for your business and receive an introduction into the powerful uses for this tool
Washington Festivals & Events Association 2020 Virtual Annual Conference presents its annual conference. Learn from leading experts in the events and festival field at this timely event.
More information: https://wfea.org/event-3966828
Washington State University’s Carson College of Business surveyed over 300 PNW business leaders for their 2020 Business in the Northwest report, and found that although most businesses have experienced significant hardships due to the novel coronavirus (COVID-19) pandemic, Pacific Northwest (PNW) business leaders are confident they have the necessary skills and resources to navigate the crisis.
Join us to get the findings of the report from Carson College Dean Chip Hunter, who will also moderate a panel of local business leaders sharing their experiences navigating the unprecedented challenges of this year and why they remain optimistic.
