Small businesses and nonprofits can borrow up to $250,000 and the money can be spent flexibly, including on payroll, utilities & rent, supplies, marketing & advertising, building improvements or repairs, and other business expenses.
The Washington Small Business Flex Fund 2 has a network of community-based lenders with decades of experience helping Washington’s small businesses and nonprofits from underserved and underbanked communities. These community lenders can assist you through every step of the loan process.
Dec 18, 2024 · Eligible businesses must have: Fewer than 50 employees Annual revenues of less than $5 million Been in business for one (1) year prior to the time of application. The pre-application should be completed and submitted by the owner of the business with the largest ownership interest.
flexible loan for ‘s smallest businesses & nonprofits WASHINGTON’S SMALL BUSINESS FLEX FUND is a new resource 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.
WHO IS THE SMALL BUSINESS FLEX FUND FOR? 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
The Flex Fund aims to raise $100 million to continue to support the recovery of small businesses and nonprofits throughout the state. The additional funding announced today, brings the current amount raised to $70 million.
Who is eligible for the Small Business Flex Fund 2? The Washington Small Business Flex Fund 2 was created to provide access to affordable loans for smaller, local businesses and nonprofits that need it most. To be eligible to apply, small businesses and nonprofits must employ fewer than 50 full-time equivalent (FTE) employees, have annual ...
Because she was able to access flexible, working capital at a low interest rate through the Flex Fund, Lisa bought and is remodeling a new building three times the size of her old space, laying the foundation for her growing business.
VBOC at Business Impact NW empowers active-duty service members, transitioning service members, veterans of all eras, military spouses and others in the U.S. Military community who are thinking of starting or growing a small business, by providing training and financing opportunities.