WA: Access to Capital
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Access to Capital – Washington State Department of Commerce Divisions Divisions Economic Development Housing Division Community Services Energy Division Local Government Programs Funding Current Opportunities Contractor Portal News Media Archive About About Executive Leadership Legislative Resources Standards and Policies Jobs at Commerce Contact Languages English Español ( Spanish ) العربية ( Arabic ) 简体中文 ( Chinese (Simplified) ) 繁體中文 ( Chinese (Traditional) ) 한국어 ( Korean ) ਪੰਜਾਬੀ ( Punjabi ) Русский ( Russian ) Soomaali ( Somali ) Українська ( Ukrainian ) Tiếng Việt ( Vietnamese ) 日本語 ( Japanese ) Skip to main content Access to Capital Small businesses require capital to grow. Unfortunately, many loan programs are designed to serve larger businesses. To close the funding gap, the Department of Commerce offers your growing business several loan programs that can help you purchase new equipment, renovate, expand or construct facilities, support early stage product development or repurpose properties that have been abandoned or underutilized due to environmental issues. Washington State Small Business Credit Initiative (SSBCI) A combination of lending and investment programs designed for small businesses , the Washington State Small Business Credit Initiative (SSBCI) provides additional capital to Community Development Financial Institutions (CDFIs) and participating lenders to increase the flow of capital to underserved and underbanked communities across the state who have been otherwise left out of traditional funding opportunities. A portion of all program funding is targeted to Very Small Businesses (VSB) and businesses owned by Socially and Economically Disadvantaged Individuals (SEDI). Working with private financial partners, Commerce has developed several programs to serve the needs of small businesses across the state. Please note that Commerce does not manage these loans. They are managed by our trusted CDFI partners. Owner-Occupied Commercial Real-Estate Loan Program (CRE) The program helps small businesses to qualify for financing and lowers their business risk when taking on owner-occupied real estate loans. CRE targets Socially and Economically Disadvantaged Individual (SEDI) business owners and Very Small Businesses (VSBs) with funding for tenant improvements, construction, purchase or refinancing loans. The program offers subsidized loans that lower debt payments with low interest rates and interest-only structured loans, improving your cash flow by freeing up money to invest in business growth. The Heritage Bank Community Development Entity (HBCDE), LLC, administers the program, offering SSCBI companion loans for up to $5 million with 10-year terms. Learn more by visiting the Heritage Bank NW SSBCI website . Resources Download the CRE program informational fact sheet (PDF) . Collateral Support Program (CSP) The CSP is open to participating lenders and is designed to complement the SBA’s 504 Loan Program and a