The City of Kent has published important updates regarding financial aid for businesses affected by the COVID-19 pandemic, emphasizing various assistance programs available. The Economic Injury Disaster Loans are highlighted as a crucial source of emergency funding for struggling businesses, while the Main Street Lending Program offers four-year loans with deferred payments for those in good standing before the crisis. This program is particularly beneficial for businesses that have already utilized the Paycheck Protection Program, allowing them to secure additional support during recovery efforts. Furthermore, the Trade Adjustment Assistance program is introduced, providing matching funds to U. S.

businesses facing challenges from import competition, which can significantly aid in their adaptation strategies. The article also discusses tax relief options, such as payment plans and new billing date options, ensuring that small businesses can manage their financial obligations effectively. These initiatives collectively aim to bolster the local economy and support community-based nonprofits. By providing timely information on these resources, the City of Kent empowers local businesses to navigate the ongoing economic challenges. This comprehensive overview serves as a vital guide for those seeking financial relief during these unprecedented times.