Fall City Community Association - Coronavirus (COVID-19) - Resources

Fall City is small yet mighty. We will remain resilient.

Snoqualmie Valley local resources:

Get outside! Recreate Responsibly …

State and County info:

Legal Resources:

  • The Communities Rise COVID-19 legal clinics are an opportunity for Washington State entrepreneurs, small businesses, community organizations, and nonprofits who have suffered adversely from the impact of the COVID-19 crisis to receive free legal advice during a 45-minute remote consultation with a volunteer attorney.

Rotary Club of Snoqualmie Valley Organizing Food and Supply Drive

Drop off for food drives and supplies are at all Sno Falls Credit Union locations

Restaurants and other businesses

Snoqualmie Valley Chamber provides a list of restaurants that are offering takeout and delivery.

Keep Track of all disaster related expenses and losses.

You will need documentation for available programs that will require that in the paperwork/application. Receipts where applicable, perhaps a spreadsheet or Word doc, recording the financial impact your business or organization is seeing.

Local business owner, Jim Osgood with TrueView360s, is offering to review and suggest ways to optimize your Google My Business listing to help you rank higher in Google search results. During these scary times, getting your business to appear prominently in Google search results will help to drive actual customers to your business, through searches carried out in both Google Maps and Google search. It also gives searchers extra information, like opening times and details of the products and services you offer, along with user reviews to help instill trust, making them more likely to result in a sale. This makes being featured in Google Maps very important for any local business. If you don't have a Google My Business listing, we will coach you on how to create one. This is a free service (normally $150) for Kevin Hauglie Agency clients to help in the coronavirus crisis. https://www.trueview360s.com/ or 425-391-8900 x101

Small Business Guidance & Loan Resources

Businesses can now apply for the SBA's Economic Injury Disaster Loans to cover the temporary loss of revenue and meet working capital needs, the SBA announced Wednesday. Funds may be used to pay fixed debts, payroll, accounts payable and other expenses that cannot be met due to the outbreak of the novel coronavirus, formally known as COVID-19. "This is an unprecedented situation for the SBA. We typically respond to disasters in a few counties, but trying to coordinate a nationwide response is a completely new situation," she said. It may take three weeks or longer for the SBA to approve or deny loan applications from small businesses.

SBA disaster loan applicants should prepare at least two years' worth of financials to demonstrate the extent to which the pandemic has depleted cash flow.

To apply, business owners can log onto SBA website to complete an online application

Businesses with access to traditional banks loans may not qualify for economic injury disaster loans. Economic Injury Disaster Loans (EIDLs) are working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.

Credit Requirements:

  • Credit History Applicants must have a credit history acceptable to SBA.
  • Repayment Applicants must show the ability to repay the loan.
  • Collateral Collateral is required for all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral, but SBA will require the borrower to pledge collateral that is available.

Interest Rates:

The interest rate is determined by formulas set by law and is fixed for the life of the loan. The maximum interest rate for this program is 4 percent.

Loan Terms:

The law authorizes loan terms up to a maximum of 30 years. SBA will determine an appropriate installment payment based on the financial condition of each borrower, which in turn will determine the loan term.

Employment Security Dept Information for Workers and Businesses affected by COVID-19 can be found at:
https://esd.wa.gov/covid-19-alert

WA Dept of LNI information if an employee gets sick by COVID-19
https://lni.wa.gov/claims/for-employers/injured-worker-what-you-need-to-know/

COVID-19 and Paid Family and Medical Leave information available at:
https://paidleave.wa.gov/coronavirus/

Business Interruption and Workers' Compensation (including employer's liability claims) coverage are the hot concerns with COVID-19. As to Business Interruption, coverage usually hinges on direct physical damage to property caused by a covered peril, such as fire, vandalism, hail, etc. A virus typically is not a covered peril unless originates on a product provided by the business and injures an employee or patron.

As to Worker's Compensation coverage for an employee's disease, in general, the particular disease must arise in the course and scope of employment, and the risk of contracting the disease must be unique to the type of employment or the employee's duties. (like First Responders and healthcare workers). Similarly, under employer's liability coverage (WA Stop Gap), the employee's disease must arise out of and be caused or aggravated by the conditions of employment.

Of course, each claim must be evaluated on its own merits, applying the actual policy language. The SBA Claims process typically requires claimants to file a claim with their available coverage and submit the declination letter with the claim.

Fall City Community Association - Coronavirus (COVID-19) - Resources