Financial Education

Money Smart Week
Money Smart Week

Created by the Federal Reserve Bank of Chicago in 2002, Money Smart Week is a public awareness campaign designed to help consumers better manage their personal finances. This is achieved through the collaboration and coordinated effort of hundreds of organizations across the country. Programming is offered to all demographics and income levels and covers all facets of personal finance.


resources

Federal Reserve Education

The Federal Reserve Education website is a collection of resources from across the Federal Reserve system. It includes resources for educators, the public and more.

The Federal Reserve Bank Board launched an interactive timeline, using video segments from the Chairman's March 2012 college lecture series about the Federal Reserve and the financial crisis. Each video segment includes a summary and self-check questions

My Money

The 21 Federal entities that compose the Financial Literacy and Education Commission provide the materials that are available via this website and the 1-888-MyMoney hotline. Content is organized by where you are in life ("Life Events"), who you are ("My Resources"), and by specific hands-on tools ("Tools").

Credit & Debt

Spending and Saving

Orcas Small Business Help
Orcas Small Business Help

Are you lost in the maze? A group of island experts has teamed up with Orcas Island Library to help you navigate the various business financial assistance programs. For small business owners, independent contractors and sole proprietorships facing a web of confusing information and paperwork while seeking to apply for federal and state financial assistance programs, the team can help.

Many areas can be addressed like identifying the most appropriate programs, coping with current bottlenecks and constraints, submitting your application, and how to follow through to ensure your application is considered. You will also find answers to frequently asked questions listed on the site.

Once you have read through the information below, use this FORM to contact the Library, so that we can help you get started. If you are having trouble with the form, please email pheikkinen@orcaslibrary.org.

Developed in conjunction with the Orcas Island Community Foundation (OICF), the Small Business Coronavirus Support Network is free and ready to help today.

Orcas Small Business Support Network

Help with the SBA Economic Impact Disaster Loan (EIDL), and expanded Unemployment Benefits.

Need help? Below are a few online resources and support for businesses. The library is here to help you navigate the various options.

Sage COVID-19 Business Support Finder

Find out which programs are best for your situation: start assesement at this website: Sage's COVID-19 Hub.

Many other resources are available regarding the programs on: https://www.sage.com/en-us/coronavirus/

How to get a small-business loan- PPP and EIDL billion coronavirus aid package

Great summary article:Daily Herald, suburban Chicago:
https://www.dailyherald.com/business/20200422/how-to-get-a-small-business-loan-under-the-new-484-billion-coronavirus-aid-package

Startup Washington — Washington State Department of Commerce — Crisis Planning Tools & Resources

Working your way through a crisis – whether it’s manmade or natural – is difficult work to say the least. To help guide you through current and future crises, including natural disasters, we’ve put together a wealth of resources for you.
http://startup.choosewashingtonstate.com/links/crisis/covid-19-resources/

U. S. Small Business Administration

Coronavirus Relief Options: Details about the 3 main loan programs — EIDL, Express Bridge Loans and Debt Relief. As of April 26, 2020, the PPP Program is not longer taking applications.

These are applied for directly from the SBA: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options.

New applications are being accepted starting April 27, 2020

Washington State Employment Security Department

Unemployment Support: ESD Tutorial on setting up an account to apply for unemployment if a person is self-employed or an independent contractor: https://esd.wa.gov/unemployment/technical-support?utm_medium=email&utm_source=govdelivery.

Unemployment Law Project:

Help for individual to challenge the denial of unemployment benefits in two ways, through direct representation and their telephone helpline. The Unemployment Law Project is a non-profit legal aid organization open to the public. It works with law students from SU, UW, and GU. Thier website is www.unemploymentlawproject.org and the phone number is 888-441-9178.

National Employment Law Project:

NELP fights for policies to create good jobs, expand access to work, and strengthen protections and support for low-wage workers and unemployed workers. They publish research that illuminates workers’ issues; promote policies that improve workers’ lives; lend deep legal and policy expertise to important cases and campaigns; and partner with allies to advance crucial reforms. http://unemployedworkers.org/

SharedWork Program, State Of Washington

SharedWork is a voluntary business sustainability program that provides flexibility to retain employees at reduced hours. https://esd.wa.gov/SharedWork

The Red Backpack Fund

The Red Backpack Fund is a grant for women-owned business with rolling application deadlines: https://www.globalgiving.org/redbackpackfund/

San Juan County Economic Development Council

COVID-19 Resources for Businesses and Workers: https://www.sanjuansedc.org/covid-19/.

FAQs:

How do I apply for an SBA disaster loan?
There are three ways to apply for an SBA disaster assistance loan. The SBA operates an online portal where you can upload business documents and apply for a loan. You can also fill out the documents linked on the agency's website and mail them to the SBA's processing and disbursement center at 14925 Kingsport Rd., Fort Worth, TX, 76155-2243. The agency's forms say applicants can also submit forms in person at an SBA disaster center.

Can I apply for both SBA loan programs?
Businesses that receive a disaster loan can later refinance it into any Paycheck Protection Program loans they receive, offering a chance to lower the interest rate. A single business cannot apply for more than one Paycheck Protection Program loan, however.

How can I find more information?
Your primary points of contact for information on federal loan programs should be the Small Business Administration (http://www.sba.gov) or an SBA-qualified financial institution. You can reach the SBA by email at answerdesk@sba.gov or by phone at 1-800- 827-5722. The Treasury Department has also posted its own fact sheet on the program on its Cares Act resource page


Operating Hours

  • Sunday 12:00pm - 3:00pm
  • Monday 10:00am - 7:00pm
  • Tuesday 10:00am - 7:00pm
  • Wednesday 10:00am - 7:00pm
  • Thursday 10:00am - 7:00pm
  • Friday 10:00am - 5:00pm
  • Saturday 10:00am - 5:00pm

Library Closures 2020

  • New Year's Wednesday, January 1st
  • Martin Luther King, Jr. Day Monday, January 20th
  • Presidents' Day Monday, February 17th
  • Memorial Day Monday, May 25th
  • Independence Day Saturday, July 4th
  • Labor Day Monday, September 7th
  • Veterans' Day Wednesday, November 11th
  • Thanksgiving Thursday, November 26th
  • Christmas Eve Thursday, December 24th [Library closes at 1:00pm]
  • Christmas Friday, December 25th
  • New Year's Eve Thursday, December 31st [Library closes at 1:00pm]