The Pierce County Council expanded the COVID-19 Emergency Small Business Relief Loan Program on April 21, 2020 a direct action to keep all businesses located in Pierce County in operation and protect jobs threatened by the COVID-19 pandemic. In addition to increasing the funding available, the program eligibility has also been expanded to include employers with up to 20 employees for businesses located anywhere in Pierce County, including incorporated cities. Loan amounts up to $20,000 will be awarded, based on number of employees. Loans will be offered to qualified applicants at no interest and no payments for 12 months.
Businesses applying for loans under this program must:
- Be a business physically located anywhere in Pierce County including incorporated cities
- Have 20 or fewer employees (including business owner)
- Be in operation for one or more years (businesses that have had a change in ownership in the past 12 months may be eligible)
- Demonstrate at least a 25% reduction in revenues attributable to the COVID-19 pandemic
Applications will be accepted on a first come, first served basis, subject to available funds.
Apply online at www.piercecountywa.gov/reliefloan or for more information contact the Pierce County Economic Development Department at (253) 798-6150 or PCSBRLoan@piercecountywa.gov.