Description: The Washington State Small Business Flex Fund is a new loan program for the smallest Washington businesses and nonprofits affected by COVID-19. To be eligible to apply, small businesses and nonprofits must employ 50 or fewer full-time equivalent (FTE) employees, have annual revenues of less than $3 million per year, and experience a direct economic disruption as a result of COVID-19.
Should you apply? What should you prepare if you decide to apply?
This webinar will provide information about the loan program and application process and help you prepare to apply.
Some of the topics covered will be:
The Flex Fund
Eligibility
Loan Size
Use of Funds
Term & Interest
Step by step in the pre-application portal and moving to the lender’s application
What is and is not required to apply
What will cause a declined application
Key Parts of a Loan Application
Short Form Business Plan
Underwriting Tips
What does a lender look for
Questions will be answered as time allows.
Presenters are Steve Burke and Jerry Petrick, Washington SBDC Certified Business Advisors. See more information about Steve Burke at https://wsbdc.org/south-seattle/ and Jerry Petrick at https://wsbdc.org/vancouver-2/
Instructions: A Zoom link for the webinar will be sent prior to the event to those who register.