Paycheck Protection Program Has Helped More Than 3.8 Million Small Businesses…and Counting
Since the launch of the PPP April 3, the SBA
has processed more than 3.8 million loans for more than half a trillion dollars of economic support. Approximately $135 billion in PPP funding is still available for small businesses. Connect with a lender to learn more.
In the second round of PPP
funding, smaller lenders and smaller businesses are leading the way. Since the SBA resumed processing PPP loans April 27:
- 2.2 million loans have been approved, which surpasses round one
- $175 billion in loans have been approved
- The average loan size is $79,000 compared to $206,000 in round one
Locally in the Pacific Northwest, the following PPP loans have been approved in round two so far:
- Alaska: 3,920 loans worth $338.7 million (Combined with round one: 8,762 loans worth nearly $1.3 billion)
- Idaho: 12,411 loans worth $719.8 million (Combined: 26,038 loans worth nearly $2.6 billion)
- Oregon: 31,119 loans worth $3 billion (Combined: 49,851 loans worth $6.8 billion)
- Washington: 50,288 loans worth $5 billion (Combined: 80,709 loans worth $12 billion)
Economic Injury Disaster Loan and EIDL Advance Portal Reopened Yesterday for Agricultural Businesses
SBA Administrator Jovita Carranza announced yesterday that agricultural businesses are now eligible for SBA’s Economic Injury Disaster Loan (EIDL) and EIDL Advance programs.
SBA’s EIDL portal reopened May 4th as a result of funding authorized by Congress through the Paycheck Protection Program and Healthcare Enhancement Act. The legislation, signed into law by the President one week ago, provided additional funding for farmers and ranchers and certain other agricultural businesses affected by the Coronavirus (COVID-19) pandemic.
For any questions related to EIDL or EIDL Advance, contact the SBA Office of Disaster Assistance Customer Service Center at 1-800-659-2955 or DisasterCustomerService@sba.gov.
#TasteFremont on Cinco de Mayo (and Every Day!)
Cinco de Mayo, the fifth of May, celebrates the Mexican army’s May 5, 1862 victory over France at the Battle of Puebla during the Franco-Mexican War. Enjoy some delicious Mexican fare from the Center of the Universe and the best #TacoTuesday of the year!
607 N 35th St, Seattle, WA 98103
4301 Leary Way NW, Seattle, WA 98107
513 N 36th St, Seattle, WA 98103
1605 N 34th St, Seattle, WA 98103
GiveBIG in the Center of the Universe Today & Tomorrow
Social, Action, Legal & Advocacy
is a fundraising event that starts with early giving on April 15 and culminates with a 48-hour public campaign on May 5th and May 6th.
Through GiveBIG, individuals, businesses, and organizations come together to invest in healing our communities. Support nonprofits providing food, shelter, health, and social services; fighting for a more just world; expanding our horizons through art and learning; and many more valued missions.
The Founder’s Journey Webinar
Project Entrepreneur x The Riveter Series Launch:
The Founder’s Journey
May 7th from 12PM to 1PM (PDT)
Enter the virtual boardroom and join in on a conversation with Jamie Sears, Head of Community Affairs & Corporate Responsibility for UBS
, and Amy Nelson, Founder and CEO of The Riveter
, as they tackle business challenges, pivots and triumphs in the time of COVID-19. Learn more.
Fremont Chamber Business Spotlights
The CF Foundation
is the world’s leader in the search for a cure for cystic fibrosis, and nearly every CF-specific drug available today was made possible with our financial support. We are a donor-funded, 501(c)(3) nonprofit that is fully accredited by the Better Business Bureau’s (BBB) Wise Giving Alliance program.
Cystic Fibrosis (CF) is a rare genetic disease found in about 30,000 people in the U.S. If you have CF or are considering testing for it, knowing about the role of genetics
in CF can help you make informed decisions about your health care.
The Cystic Fibrosis Foundation has unrestricted financial reserves of about 10 times its budgeted 2019 annual expenses, following a one-time royalty sale in 2014. These funds, along with the public’s continuing support, are needed to help accelerate our efforts to pursue a lifelong cure for this fatal disease, fund development of new therapies, and help all people with CF live full, productive lives. You can help make CF stand for Cure Found, donate today!
Founded on a commitment to the dignity, independence, and well-being of seniors, Wallingford Community Senior Center
has been serving the community since 1979. We are a warm and welcoming space where older adults in North Seattle can continue to learn and thrive while moving through life’s transitions in a positive and healthy way. WCSC provides vital programs and services including healthy meals, social services, access to important resources, computer classes, and programs that promote health and well-being. Perhaps most important of all, WCSC is a place for seniors to connect with friends and community.
A BIG “thank you” to a pool of generous anonymous donors who will match all gifts to WCSC dollar-for-dollar, up to $3,500! Thanks to this matching challenge, your gift will go even further to support healthy, positive aging for seniors in our community! COVID-19 has been hard on all of us, but especially on seniors. Give to WCSC!
5 Days Until Mother’s Day!
This Mother’s Day, celebrate the mom in your life and support small businesses here in the Center of the Universe!
Fremont Outdoors Are Out of This World 🚀
Looking for a spot to enjoy the sunshine? The Center of the Universe has a variety of outdoor spaces from pocket parks and P-Patches to playgrounds and places to walk or run. Get some fresh air and enjoy spring while following social distancing guidelines.
Resources for Your Business
Support Small Businesses
Fremont Chamber of Commerce Resource List
Seattle Office of Economic Development Resources
Seattle Good Business Network Support Hub
Seattle City Council COVID-19 Resources
Join Our State of Mind!
Become part of a fun business network of almost 250 members strengthening the business climate and improving the quality of life in the Fremont community!
Check out the member benefits here