COVID-19 Business Resources

Washington County has consolidated the resources below to help ready and recover your business and workforce from the impacts of COVID-19. Please revisit this page often as new resources and programs become available.

Additional county resources can be found on https://www.co.washington.mn.us/3168/COVID-19.

If you have specific questions that cannot be addressed, or if there are specific industry challenges that Washington County Community Development Agency should be aware of, please email Chris Eng: ChrisE@washingtoncountycda.org


Download COVID-19 Small Business Resources Matrix


SBA Debt Relief

The SBA Debt Relief program will provide a reprieve to small businesses as they overcome the challenges created by this health crisis.

Under this program:

  • The SBA will also pay the principal and interest of new 7(a) loans issued prior to September 27, 2020.
  • The SBA will pay the principal and interest of current 7(a) loans for a period of six months.

Express Bridge Loan Pilot Program

This pilot program allows SBA Express Lenders authority to deliver expedited SBA-guaranteed financing on an emergency basis.


Paycheck Protection Program

The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. The Paycheck Protection Program will be available through June 30, 2020.

A Guide for Minnesota Small Businesses Who Need Help

Over the past few weeks, several state and federal programs have been built to assist small businesses struggling during the COVID-19 pandemic. Click here to view the guide.


    The Coronavirus Aid, Relief, and Economic Security Act

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides robust funding streams, negotiated by House and Senate Democrats, to assist local governments and nonprofits in responding to the coronavirus pandemic. Click here to learn more.

    State of MN Business Emergency Loans.

    DEED will use their lender network to make loans between $2,500 and $35,000 for qualifying small businesses. The loans will be 50% forgivable, and offered at a 0% interest rate. If other financing becomes available to small businesses that received an emergency loan, such as federal funding, the emergency loan must be repaid. More information on terms, eligibility and application process here. 


    Small businesses in Minnesota are now eligible for the SBA Economic Injury Disaster Loan Program and can apply for a loan at SBA.gov/disaster.

    • This program can provide low-interest loans of up to $2 million to small businesses and private non-profits.
    • These loans may be used to pay fixed debts, payroll, accounts payable and other bills. 
    • The current interest rate is 3.75% for small businesses. The non-profit rate is 2.75%.
    • These loans have long-term repayment options, up to a maximum of 30 years. 
    • Need help filling out the application? Access these step-by-step instructions.

     


      BUSINESS RECOVERY

      Information and Resources for Employers: https://mn.gov/deed/newscenter/covid/employers/

      US Small Business Administration: https://www.sba.gov/disaster-assistance/coronavirus-covid-19

      WORKFORCE

      Shared Work Program:

      The Shared Work program offers an alternative to layoffs for employers facing a temporary downturn in business.

      https://mn.gov/deed/job-seekers/recently-unemployed/layoff/shared-work.jsp