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Lincoln County Economic Development Council

The Lincoln County EDC is doing an AMAZING job of connecting people with services and information right now.

Lincoln County Economic Development Council

THIS SBA LOAN PROGRAM IS A GAME CHANGER!
I learned on a call this morning that the SBA is about to roll out their new Paycheck Protection Program for employers. The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. Get this..... SBA will forgive this loan if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities.
This SBA program is only available through an SBA lender so give your local bank a call tomorrow and see if it is a fit for your business.

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Lincoln County Economic Development Council

IR-2020-62, March 31, 2020 — The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll.

IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19 | Internal Revenue Service

irs.gov

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Lincoln County Economic Development Council

OUR CREDIT UNIONS ARE THERE FOR YOU!
At the EDC our job is economic development. In this time of information overload, we have tried to keep the focus of our posts on business resiliency and recovery. Our post recommending you start with your bank was a response to businesses asking us for information regarding new SBA business loan programs for companies affected by COVID-19. The financial institutions we listed provide business loans and support SBA business loan programs.
Please know that we support our credit unions 100%. If you have a loan with one of our credit unions as I do, and you need help managing that loan, reach out to them:

Coulee Dam Federal Credit Union (Almira) 509-639-2681
Coulee Dam Federal Credit Union (Creston) 509-636-2645
Horizon Credit Union (Davenport) 800-852-5316

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Lincoln County Economic Development Council

Big Bend Clubhouse is offering pick up or delivery of menu items plus some unique packages. Give them a call! 509-647-5664

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Lincoln County Economic Development Council

$30 million grant allows counties to work with hotels to provide emergency housing during COVID-19 Stay Home, Stay Healthy order OLYMPIA, WA – Hotel owners across Washington may have an opportunity to help their communities and fill empty rooms, thanks to a $30-million state emergency housing gran...

Counties look for community heroes to house the vulnerable - Washington State Department of Commerce

commerce.wa.gov

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