Washington Small Business Flex Fund – Washington - Washington MBDA Business Center

Launched on June 30th, the Small Business Flex Fund, developed in response to COVID-19, is designed to get financial support into the hands of Washington State’s smallest businesses and nonprofits.

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.

Details below:

Low Interest Rates:

Borrow up to $150,000
3% – 4.5% Interest-only payments for the first year
60-month & 72-month loan terms
72-month loan term only available until 12/31/21

Loan Use is Flexible:

Payroll
Utilities & Rent
Marketing & Advertising
Building Improvements or Repairs
Other Business Expenses

Find out more at SmallBusinessFlexFund.org