Celebrating small business owners Explore small business-friendly loans, free online trainings and many more resources to help you recover and grow Small Business Saturday is here! We want to wish all of Washington's small business owners well, ahead of what will hopefully be a great day for your businesses. While consumers are encouraged to spend their money locally owned on this day each year, we recognize that small businesses are truly the fabric of our economy and should be supported every day of the year. Starting and growing a small business is never easy, and the pandemic created exceptionally hard challenges for many Our Commerce team is here to support your business goals. Whether you're still working towards a safe reopening or looking ahead to growth in the new year, resources are available. | The newest of these is our Small Business Flex Fund, a simple and flexible loan for Washington's smallest businesses and nonprofits. With the Small Business Flex Fund, you'll experience low interest rates, longer payback timelines, and community-based lenders with decades of experience helping businesses like yours to thrive. Who is eligible to apply? - Fewer than 50 employees
- Annual revenues of less than $3 million
- Experienced direct economic hardship due to COVID-19
Low-interest rates - Borrow up to $150,000
- No fees and interest-only payments for the first year
- 3% – 4.5% interest rates
- 60 and 72-month loan terms (72-month loan term only available until Dec. 31 this year)
Loan use is flexible - Payroll
- Utilities and rent
- Marketing and advertising
- Building improvements or repairs
- Other business expenses
More programs for business owners arriving soon | We continue to respond to the historic needs of small businesses to recover, restart and rebuild from the COVID-19 pandemic. One of our newest programs is the Restart Academy. If you had to reinvent or restart your business, these unique online courses provide tools, tips and resources to help you build back faster. While Global Entrepreneurship Month ends Nov. 30, we're adding video replays to the webpage so you can watch these informative and lively sessions at your convenience. For businesses that need to improve operations, find new markets and create more revenue, sign up now for a new series of ScaleUp training sessions that begin in January. We've also added a new live chat feature to our Startup website so you can ask questions and get answers in real time. Start, grow, rebuild or sell online - whatever you need, there's something for every small business owner on MyStartup365.com. | |
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