New Requirements for Receiving Federal Funds
The federal government recently changed its requirements for businesses and organizations receiving federal funds in the form of grants. It no longer uses the DUNS (Data Universal Number System) and has shifted to a new system known as the UEI (Unique Entity Identifier).
Join SBA Seattle District staff on Thursday, Aug. 4, for a free webinar hosted by OneEastside to learn more about registering for a UEI, and how it relates to the WA State Department of Commerce’s upcoming Working Washington Round 5 grant program. Topics will include:
- An overview of the grant program
- Eligibility criteria and use of grant funds
- Registering for a Unique Entity Identifier (UEI)
- Financial documentation and other requirements
*this webinar will feature simultaneous interpretation in American Sign Language (ASL), Korean, Mandarin, Russian, and Spanish
Funding Opportunities from Washington State Department of Commerce
The Washington State Department of Commerce, working in partnership with the Washington State Arts Commission (ArtsWA), will open applications for both Working Washington Round 5 and Convention Center Grant programs on Aug. 17, 2022. The portal will be open for 15 days, closing on Aug. 31 at 5 p.m.
Eligible for-profit and non-profit businesses, including tribal member-owned businesses operating on a reservation with a license issued by a federally recognized tribe in Washington state, may apply. Award amounts will vary and are subject to review and adjustment pending application volume, reported losses, and take into account previous Working Washington grant awards received from Commerce or affiliated partners.
Working Washington Grants: Round 5
This program offers one-time grants to small for-profit and non-profit businesses that have experienced financial hardship due to Covid-19 and related public health measures.
Convention Center Grants
The Washington State Legislature has allocated $5 million for a grant program to assist businesses and nonprofits that are dependent to maintain their operations on the economic activity created through conventions hosted in Washington state.
WA State Department of Commerce and Arts WA will be hosting a free information session on Wednesday, August 3.
Small Business Flex Fund
The Small Business Flex Fund is a resource to help you grow your business. Supported the Washington State Department of Commerce, the Flex Fund helps small businesses and nonprofits access support they need to thrive.
Small businesses and nonprofits can borrow up to $150,000 and the money can be spent flexibly, including payroll, utilities and rent, supplies, marketing and advertising, building improvements or repairs, and other expenses.
Start or grow your business with funding from SBA
The SBA continues to offer several funding options that to start, grow, or expand your small business.
- 7(a) loans – SBA’s most common loan program
- 504 loans: long-term, fixed rate financing of up to $5 million for major fixed assets
- Microloans: smaller sized loans of up to $50,000
- Lender Match: get matched to potential lenders offering SBA-backed funding
Technical assistance is available to help you start your business, prepare for loan applications, build valuable skills, and more.
The SBA Seattle District Office works with a network of Resource Partners across Washington State and northern Idaho that are available to assist with business support through workshops, trainings, and one-on-one counseling.
Thursday, July 28
11 a.m. – 12:30 p.m. | Small Business Cybersecurity Part 3: Systems
11:30 a.m. – 1 p.m. | Business Expert Session: Disability Inclusion & Accessibility
Friday, July 29
9 a.m. – 12 p.m. | Financial Basics for New Small Businesses
Monday, August 1
4 – 6 p.m. | Your Business Journey: Business Planning to Launch and Grow
Wednesday, August 3
2 p.m. | Working Washington Grants: Round 5 Information Session
Tuesday, August 2
9 – 9:45 a.m. | Grow with a Pro (Banking Professional)*
Thursday, August 4
9 – 10:30 a.m. | Preparing to Apply for Working WA Grants and UEI Walkthrough
9 – 11:30 a.m. | Tax Essentials for New and Existing Business Owners
11 a.m. – 12:30 p.m. | Are You Ready to Start a Business?
Friday, August 5
2 – 4 p.m. | Your Business Journey: Get Started!
Tuesday, August 9
9 – 9:45 a.m. | Grow with a Pro (Tax Professional)*
Wednesday, August 10
1 – 2 p.m. | Top Automation Tools and Technology for Small Business*
Thursday, August 11
9 – 10 a.m. | Tax Savings Strategies for Small Businesses
11 a.m. – 12:30 p.m. | Small Business Cybersecurity Part 4: Implementation
11:30 a.m. – 1 p.m. | Business Expert Session: Perform Better Under Pressure
2 – 4 p.m. | Your Business Journey: Funding Your Business
Friday, August 12
10 – 11 a.m. | Employer’s Guide to Offering Retirement Benefits to Employees
*SBA’s participation or support is not an endorsement of any product, service, or entity
Article Source: https://content.govdelivery.com/accounts/USSBA/bulletins/3250710