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.
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:
- Utilities & Rent
- Marketing & Advertising
- Building Improvements or Repairs
- Other Business Expenses
Find out more at SmallBusinessFlexFund.org