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.
Targeted specifically to small businesses that are finding it hard to get financing to fund growth or expansion, the OEDC and Community Source Capital have partnered to create this innovative crowdfunding program. All you need to do is sign up, create a pitch and get customers, friends, family and any other willing investor to buy "squares" to fund a no-interest loan to fuel expansion.
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.
Startup Wisdom offers 27 different strategies for funding a business, from the fairly straightforward to the very out-of-the-box. Each offers up the pros and cons and many have case studies using real-world examples. Best of all, it's free!
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.