To mitigate barriers to capital for Seattle’s most vulnerable businesses, the City of Seattle will commit approximately $1.5 million in one-time Community Development Block Grant (CDBG) funds to the Small Business Stabilization Fund, an emergency fund that provides working capital grants in amounts up to $10,000 to qualifying small businesses.
- The business owner must have a low- or moderate-income(≤80% of the Area Median Income)
- The business must have five employees or less
- The business must have a physical establishment
- The business must have experienced a loss of incomedue to COVID-19
You may qualify for a grant of up to $10,000.
Visit the Office of Economic Development’s Small Business Stabilization Fund webpage to learn more and apply.