Small Business Flex Fund, a simple, low interest, and flexible loan for Washington’s smallest businesses and nonprofits. We know that your organization is a trusted pillar in your community and we think that those in your network may benefit from learning more about this COVID-19 recovery program. 

The Small Business Flex Fund program, supported by the Washington State Department of Commerce, has been extended through March 2023, and still has over $40 million in non-forgivable loans available to distribute to small businesses and nonprofits in Washington. We would love your help to spread the word with your network so we can get more loans into the hands of businesses and nonprofits that are looking to dream bigger and grow. 

Below are some of the key aspects of the program: 

APPLYING IS SIMPLE. 

• Fewer than 50 employees 
• Annual revenues of less than $3 million 
• Experienced direct economic hardship due to COVID-19 
• Have been in business for at least one year prior to the date of application 
• Local, community lenders and technical assistance providers are committed to each business’ success. 

LOW INTEREST RATES. 

• Borrow up to $150,000 
• No fees & interest-only payments for the first year 
• 3% – 4% interest rates 
• 60-month loan terms   

LOAN USE IS FLEXIBLE. 

• Payroll 
• Utilities & rent 
• Marketing & advertising 
• Building improvements or repairs 
• Other business expenses

We are also more than happy to join a meeting or call to talk about the program contact us at info@clallam.org

 
A complete list of terms and eligibility requirements can be found at SmallBusinessFlexFund.org and the FAQ page features answers to commonly asked questions.