Small Business Flex Fund to help you grow your business
Supported by the Washington State Department of Commerce, the Fund helps small businesses and nonprofits access the financial support they need to thrive. Small businesses and nonprofits can borrow up to $150,000 and the money can be spent flexibly, including on payroll, utilities & rent, supplies, marketing & advertising, building improvements or repairs, and other business expenses.
Apply now for:
- flexible working capital loans
- low-interest rates
- 60-month repayment timeline
Qualifications:
- Fewer than 50 employees
- Annual revenues of less than $3 million
- Experienced direct economic hardship due to COVID-19
- Small businesses must have been in business for at least one year prior to the date of application OR, the business must meet one of the following criteria:
- Demonstrate three or more years of operating experience in the industry through previous ownership or management OR
- Be a previous borrower of the CDFI and have had no repayment issues
- Non-profits must have been in operation since at least January 2019.
LOAN use is flexible and can be utilized to pay for the following business expenses:
Utilities & rent
Marketing & advertising
Building improvements or repairs
Other business expenses