Financial Sustainability

Managing money for business and individuals

No sector is more dramatically affected than the creative sector, especially the parts of it that consist of live events and gatherings.  As we occupy this new extended reality, our first step is to support each other in protecting our health and financial stability during this time of enormous change.

In March, Congress approved the Coronavirus Aid, Relief and Economic Security Act (CARES Act).  This economic stimulus package includes a number of strategies for keeping business and employment intact during the crisis, while ensuring funding for individuals throughout the country in the form of a stimulus check and expanded unemployment benefits.Learn more about the whole package of federal stimulus efforts at this helpful CARES Act FAQ for individuals by the New York Times.  

Otherwise, maintaining your financial sustainability during this time depends on your situation.  You may be trying to keep a business and employees going, or to temporarily shut it down.  You may be dealing with a family, or just yourself.

In any case, there are options to explore.  Personally, you may end up accessing savings, suspending rent and utilities, applying for unemployment or SBA loans, utilizing mutual aid resources, or some combination.  As a business, you may consider lay-offs or temporary closures. Or you may find relief from one or mutliple SBA or other lending programs. 

Look below for more details on navigating the resources and options available nationally and locally. 

And if you are located in Washington State, consider signing up for a session with an expert from Artists Up, who can help navigate the available resources.

Financial Relief for Individuals and Families

Navigating the challenges of lost work and lost income are challenging for anyone at anytime.  But during COVID, it is especially a burden.  Fortunately, there are many options.  Please visit our other articles about Financial Survival for more information on the following.

Unemployment Insurance benefits aren’t usually an option for those of us that are self-employed.  Whether you are applying as a laid-off employee or as a self-employed worker, benefits are currently expanded throughout the country. Here are three articles that may be helpful for you:

Otherwise, picking your path through the pandemic isn’t easy but there are some guideposts.  Finding additional funding support is an option for many creatives.  You might consider asking for a break or a delay on rent and utilities.  There may be options to delay credit card and other debt payments.  And you might access food and other basic needs through aid programs.  Whatever your route, don’t suffer alone and without support.  Reach out for help.

Here are some more detailed articles on these topics:

Financial Relief for Businesses


The programs and resources listed on this page may have shifting timelines and funding availability that may be driven by the volume requests or applications they receive.

Small Business Administration (SBA) Loans​

The CARES Act was passed by Congress in March to provide economic relief to workers and businesses nationwide, including critical funding for  Small Business Administration (SBA) programs and enhanced unemployment benefits. For information about unemployment benefits in Washington State, especially the elements for businesses and employers, check out Unemployment for Employers.

Payroll Protection Program (PPP)​

薪資保護計劃 (PPP) is a loan designed to provide a direct incentive for small businesses and non-profit organizations to keep their workers on the payroll. The loan may be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent, and utilities (at least 75% of the forgiven amount must have been used for payroll). More information about applying for forgiveness for the PPP is available here.

Economic Injury Disaster Loans (EIDL)​

經濟傷害災難貸款 (EIDL)是SBA緊急救濟資金,可提供最高$10,000的即時現金援助。您可以接收這些貸款,並且仍然可以申請和接收PPP貸款,但是EIDL將在PPP寬恕的金額內予以考慮。

More About the SBA​

For more information about the SBA and the loan programs above, please check out the full article on SBA Loan Programs, and/or visit any of the following:

Creative Sector Employer Benefits​

  • 華盛頓州為雇主帶來的好處 包括失業。
  • 雇主的具體失業問答 可以從西澳州就業保障局獲得,涵蓋您是否可以支付失業救濟金和員工工資之間的差額,獲得電話幫助,提交文書工作,永久性停業等等。
  • 美國CARES法案失業常見問題解答 具體部門對一些失業人數增加的解釋包括:
    • 對與州失業計劃有“可償安排”的非營利組織提供失業補償支持(p2)
    • 自僱工人和零工經濟工人的失業補償資格(p2)
    • 即將簽訂新合同並由於COVID-19爆發而被取消的表演藝術及其他行業工人的失業福利(p3)

Bills, Rent, Insurance & Taxes​

Other Relief Funding Grants & Loans​

  • 在職華盛頓小企業緊急贈款: Governor Inslee announced the new $5 million program to assist small businesses impacted by the COVID-19 outbreak. Businesses with up to 10 full-time employees (FTEs) may apply for a one-time grant of up to $10,000.  Application is through your county/regional economic development organization.
  • 西雅圖市小企業穩定基金 僱員少於5人的贈款企業(此基金目前已停止接受申請)
  • King County Small Business Assistance Program has help for small businesses located in unincorporated King County, including up to $5,000 grants and coaching on loans and other resources.
  • 西北業務影響力清單 COVID-19的財務資源以及有關獲得貸款(包括小型企業管理局貸款)的信息。
  • 工藝3 向華盛頓和俄勒岡州的社區非營利組織和小型企業提供低息貸款,其標準比傳統金融機構更為靈活。他們也有一個業務資源頁面。
  • 為藝術組織和企業提供的主要救濟資金包括:
    • 4文化金縣文化救助基金 對於組織和個人,將在未來幾個月內分發$1百萬。現已向金郡主要組織藝術,遺產或保存工作的組織開放申請。第一輪資金將於4月1日至5月15日分配。
    • 西雅圖基金會COVID-19應急基金: 與受冠狀病毒和疾病爆發的經濟影響嚴重影響的社區合作。
    • 保持工人健康安全:西雅圖城市商會基金提供即時現金援助,旨在幫助雇主繼續為僱員提供不間斷的醫療保險,並通過抵消額外的衛生和安全用品成本來確保僱員的安全。
    • 國家藝術基金會 向有需要的藝術組織分發$75百萬的救災援助。時間仍然是待定。
    • 西雅圖市首個$110萬藝術品修復計劃 支持創意工作者和藝術文化組織。無需申請,資金已經分配。 (該基金現已關閉)。

Other Business Tips

通過以下方式加入每週更新 西雅圖經濟發展辦公室的小型企業COVID-19對每週網絡研討會的影響 

Photo by Maria Molnarova on Unsplash

King County Public Health Hotline