Ready to Apply?
Low interest rates.
Borrow up to $150,000
3% – 4% Interest rates
No fees & interest-only payments for the first year
60-month loan terms
Loan use is flexible.
Utilities & rent
Marketing & advertising
Building improvements or repairs
Other business expenses
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, if business operations began after March 31, 2020, 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
- 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.
Complete Your Pre-Application Now
What to expect
Interested borrowers pre-apply through the online portal by filling out the information above.
Through the portal, eligible borrowers will be matched with a local, community-based lender.
Local, community-based lenders will assist with every step of the application and provide additional support services.
We recommend applying as soon as possible.
This project was supported by a grant awarded by US Department of Treasury. Points of view in this document are those of the author and do not necessarily represent the official position or policies of the US Department of Treasury. Grant funds are administered by the Office of Economic Development & Competitiveness, Washington State Department of Commerce.