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The small business flex fund is a simple, low interest and flexible loan for Washington's smallest businesses & nonprofits.

Flex Fund Loan

SMALL BUSINESS FLEX FUND LOAN



The Small Business Flex Fund is a simple, low interest and flexible loan for Washington's smallest businesses. Supported by the Washington State Department of Commerce, the Fund helps small businesses 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 in underserved markets. This loan program is designed to help them access funds they need at a competitive interest rate to bounce back stronger than ever.

Borrow up to $150,000

Small businesses 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.
 
Small business flex fund

Contact Wendy

Wendy Avila Small Business Loan Specialist at O Bee Credit Union

Wendy Avila

Small Business Loan Specialist Email: WAvila@obee.com Office: 360.943.0740 ext 2122 E-MAIL Wendy


 

LOW INTEREST RATES

  • Borrow up to $150,000
  • Small Business 4% APR* OAC**
  • No fees and interest-only payments for the first year
  • All loans 60-month terms
*Annual Percentage Rate | **On Approved Credit

APPLYING IS SIMPLE

  • Fewer than 50 employees
  • Annual revenues less than $3 million
  • Experienced direct economic hardship due to COVID-19
  • Been in business for one full year prior to June 30th, 2022

LOAN USE IS FLEXIBLE

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

 

HOW IS THIS PROGRAM DIFFERENT FROM PPP AND OTHER COVID-19 RECOVERY PROGRAMS?


The Small Business Flex Fund is NOT a forgivable loan. This program is not associated with the federal Paycheck Protection Program (PPP) or any other SBA program. The borrower will need to pay back the full amount of the loan with interest over a 5-year term.

The Small Business Flex Fund is different from other COVID-19 recovery programs because of its network of nonprofit, community-based lenders that have decades of experience helping Washington’s small businesses and nonprofits thrive. Through every step of the loan process, these community lenders are there to assist with the application and can make connections to business support services in your community.

Communities Are Stronger When Small Businesses Thrive.

Whether childcare centers, healthcare service providers, restaurants, local farms, small and local organizations provide essential goods and services, while creating jobs that contribute to the health of our statewide economy.

We recommend applying for a Flex Find Loan as soon as possible.

This project was supported by a grant awarded by US Department of Treasury. Points of view in this document are those of the author and do not necessarily represent the official position or policies of the US Department of Treasury. Grant funds are administered by the Office of Economic Development & Competitiveness, Washington State Department of Commerce.
 

FLEX FUND

RATES UP TO

4.00% APR*

*Annual Percentage Rate Effective 12/16/2022


Small Business Loans | 60 Months