Archives: Financing
Craft3 partners with other lenders across the state to make State Small Business Credit Initiative (SSBCI) loans available to Washington businesses unable to access traditional sources of capital. These loans are to provide affordable financing to energy efficiency businesses and contractors
Farm Fund loans provide low interest, micro-financing to farmers and food producers who may not be able to secure a loan elsewhere ($500 – $5,000). Funds may be used for purchase of machinery, equipment, farm supplies, construction or other resources necessary for increasing productivity.
SBA Microloan fund. Funds can be used for equipment, furniture, inventory, manufacturing or technology-based production needs, working capital, commercial (not residential) real estate, franchises, contract financing, construction contractor receivables, or some cash flow restructuring.
Funds can be used for qualifying projects designed to achieve job creation or business retention, to add or upgrade nonelectrical infrastructure, to add or upgrade health and safety facilities, to accomplish energy and water use efficiency improvements, including renewable energy development, or to add or upgrade emergency services in any designated qualifying rural area.
Washington Rural Economic Development (RED) Revolving Fund for City of Blaine property owners, owners of businesses, start-ups and nonprofits are eligible. Loan amounts vary, may go up to $50,000. NO INTEREST loans; terms are flexible based on needs of business (usually up to 5 years).
