Financial resources for your business.
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 a range of funding opportunities available to state businesses.
The Fund Local Project is an initiative of the Washington State Department of Commerce and Community Sourced Capital in concert with state economic development organizations that support thriving local communities across Washington. Fund Local can help companies access 0% interest loans to grow and expand. The capital for these loans comes from people in the surrounding community where a business operates. It's crowdfunding at its best.
Washington offers three programs through the Washington Small Business Credit Initiative (WSBCI), including CAP, which helps small businesses that are having trouble getting conventional business loans; 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 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.