Financial resources to help your small business grow.
Having ready access to capital is essential for business success these days. Whether it’s short- or long-term loans, crowdfunding or even funding to clean up once polluted and unusable lands, Washington State has several funding strategies to help you grow and expand.
Startup Wisdom offers 27 different strategies for funding a business, from the fairly straightforward to the very out-of-the-box. Each strategy in the book offers up the pros and cons and many have case studies using real-world examples. Best of all, it’s free with a quick click on the link above.
Qualifying companies who are new to exports or entering new markets can get up to $5,000 to offset expenses. Funded in part by the SBA’s State Trade Expansion Program, the vouchers can be used to defray trade show or trade mission fees, airfare, interpreter and translation services, export training programs and more.
Washington offers three programs through the Washington Small Business Credit Initiative (WSBCI), including the Collateral Support Program, which can help small businesses secure bridge loans of up to 18 months; Craft3, which serves traditionally underserved businesses that need funding; and finally, the W Fund, which is geared toward start-ups and companies emerging from state universities and research centers.
These bonds are ideal for businesses building or expanding manufacturing and processing facilities as they usually offer companies lower interest loans than are otherwise available on the open market.
Brownfields loans are designed to provide financing for properties that require extensive cleanup and reclamation due to contamination. The Brownfields Coalition, which offers this low-interest funding option, can also work with owners and developers to streamline permitting at the local, regional and national level.