A message from Karin Leaf with the Economic Development Council of Mason County:
The 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.
DREAM BIGGER
The pandemic has impacted all of our communities, but it has been especially hard on Washington’s smallest businesses and nonprofits. This loan program is designed
to help them access funds they need at a competitive interest rate to bounce back stronger than ever.
Apply now for:
flexible working capital loans
low interest rates
60-month repayment timeline
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.
For more information go to https://smallbusinessflexfund.org/
LOAN TERMS
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
APPLYING IS SIMPLE.
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 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.
Payroll
Utilities & rent
Marketing & advertising
Building improvements or repairs
Other business expenses
Karin Leaf
Business Development Manager
360.426.2276 | 360.490.7406