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Financial Assistance Available to Businesses

In response to the Skagit River Bridge collapse, impacted businesses are encouraged to complete a short worksheet to qualify the region for SBA’s Economic injury Disaster Loan program. Once a sufficient number of businesses are identified, Governor Inslee will make a formal request to the SBA for assistance. This program provides extremely low interest rate loans to qualified affected businesses.

Businesses may download the worksheet at http://tinyurl.com/EDASC-EIDL-Info or by contacting their local chamber or the Economic Development Association of Skagit County. Completed forms should be faxed to 360-336-6116 or sent to EDASC at 204 W Montgomery, Mount Vernon WA  98273.

“It is critical that businesses submit these worksheets,” explained Don Wick, Executive Director of EDASC. “In order to qualify for this assistance we must document the impacts made on our business community.”

In addition to the pending assistance from the SBA, a number of other programs may be options for businesses.  

“These loans and programs provide cash flow assistance to otherwise healthy businesses to assist with lower sales or other needs,” explained Mark Watkinson, Coordinator, Skagit Department of Emergency Management. “I deeply appreciate the efforts of EDASC in providing services to the businesses of Skagit County.”

Businesses interested in these programs should contact EDASC’s Professional Business Advisors to discuss programs and process requirements. Business advisors may be reached at 360-336-6114.

EDASC is working with a number of local and regional partners to assist local governments and the business community with the impacts from the collapse of the I-5 Skagit River Bridge on May 23. EDASC’s three business advisors are providing assistance to area business owners regarding marketing, financial issues and more.  Assistance is provided at no cost and is confidential. Appointments are available by calling 360-336-6114. To receive periodic e-mail updates visit www.Skagit.org and press the e-mail icon at the top of the web page.

The Economic Development Association of Skagit County is a not-for-profit organization driven by enhancing Skagit County's quality of life through the creation & preservation of healthy businesses and good jobs.

If you are a reporter seeking information about the Port of Skagit, please call Andrew Entrikin, community outreach administrator, at 360-757-0011 or email andrew@portofskagit.com