Pierce County small businesses who have experienced significant economic injury as a direct result of the COVID-19 pandemic may apply for this loan program if they meet the below criteria. This loan program enacted by the Pierce County Council is a direct action to keep businesses in operation and protect jobs threatened by the COVID-19 pandemic.
Businesses applying for loans under this program must:
Be a business physically located in unincorporatedPierce County
Have 10 or fewer employees (including business owner)
Be in operation for one or more years
Demonstrate at least a 25% reduction in revenues attributable to the COVID-19 pandemic
The intent of this loan program is to help as many small businesses as possible. Therefore, there will only be one loan per business owner or owner group regardless of the number of business locations an ownership may have.
Loan amounts up to $10,000 will be awarded, based on number of employees. Loans will be offered to qualified applicants at no interest and no payments for 12 months. Applications will be accepted on a first come, first served basis, subject to available funds.