These loan programs aim to promote entrepreneurship, support small business ownership, and increase the flow of capital in underserved communities.
Small Business Flex Fund 2( Micro Loan Program): The program works with participating Community Development Financial Institutions( CDFIs) to fund capital needs among the smallest businesses and non-profit organizations in Washington. It is especially designed for businesses and nonprofits with 50 or fewer employees and up to $ 5 million in revenue. Learn more on the Flex Fund website: www. smallbusinessflexfund. org
Owner-Occupied Commercial Real-Estate Loan Program( CRE): The program helps small businesses qualify for financing of owner-occupied real estate loans for such things as tenant improvements, construction, purchase or refinance. The program is administered by Heritage Bank( HBCDE, LLC). It offers companion loans with SSBCI funds and targets loans up to $ 5 million with 10-year terms. Learn more on the Owner-Occupied CRE Loans website: www. heritagebanknw. com / home / about / hbcde / ssbci
Collateral Support Program( CSP): The CSP complements the SBA’ s 504 Loan Program. These funds cover short-term construction loans and offer bridge loan funds. The CSP is administered by Evergreen Business Capital Community Finance( EBCCF), a nonprofit lender offering financing solutions for small businesses in the Pacific Northwest. Learn more on the CSP website: www. ebccf. org / cspwa
Commerce aims to help offset the real costs of expanding, relocating or starting your aerospace business in Washington State. Whether through tax incentives, grants or loans, the cash infused into an organization can make a pivotal difference in the long-term success of a business or specific project.
To learn more about becoming a partner-exhibitor at international trade shows, contact Joanna Boatwright, OEDC export assistance trade specialist at: Joanna. boatwright @ commerce. wa. gov
To learn more about Washington State as a place to start and grow your aerospace business, visit: www. choosewashingtonstate. com
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