Secure funding for your business through Washington Hospitality Association’s partner, Adesso. Adesso has helped businesses secure over $1 billion in funds to keep hospitality operating.

Employee Retention Credit (ERC)

The ERC is a cash refund on taxes you already paid. This retroactive tax credit rewards businesses for keeping at least two employees on payroll through 2020 and 2021.

Receive up to $26,000 per employee.

Filing deadlines

2020 claims: April 15, 2024

2021 claims: April 15, 2025

Learn more here.

Lending

Adesso has loans starting at $10,000 to over $1 million. Lending options include:

  • Business term loan
  • Lines of credit
  • SBA loans
  • AR financing
  • Merchant cash advances
  • Equipment finances

 

Learn more here.

FICA Gratuity Tax Credit

This is a federal program that allows eligible businesses to get back all the FICA taxes (social security and Medicare taxes) paid on tip earnings that surpass the federal minimum wage.

Eligibility:

  • Business receives tips from customers.
  • Tips are documented as wages and the appropriate FICA taxes have been paid on them.

 

Learn more here.