Washington Small Business Flex Fund 2

What is the Washington Small Business Flex Fund 2 program?

The Washington Small Business Flex Fund 2 offers up to $250,000 in financing for small businesses throughout Washington state. Supported by the Washington State Department of Commerce, the program is a great fit for working capital, building improvements, and so much more.

Washington Small Business Flex Fund 2 Details

• Loan amount: up to $250,000
• Interest rate: fixed at 9.25% – 12.25% (depending on loan term length)
• Term: 36 – 72 months
• Fees: up to $750 in third-party closing fees will be funded into your loan and determined at closing
• Decision sent within 1-3 weeks of submitting a complete loan application (including all required documents)
• Time to funding: within 5 business days of approval

Is the Washington Small Business Flex Fund 2 right for me?

If your business is based in Washington state and you’ve been in business for a year or more, you may be eligible for the program! You’ll find the minimum requirements needed to be eligible for the program below:

• Your business is located in the state of Washington
• You’ve been in business in Washington for at least one year
• You have 50 or fewer full-time employees
• You have less than $5 million in gross annual revenue

To qualify through Pursuit, you’ll need to meet the following requirements:

• Adequate historical cash flow for all existing and requested debts
• No judgments or open liens on your business and personal credit reports and public searches
• No bankruptcy filings for you or your business in the last 7 years
• A personal credit history that shows you’ve been able to repay previous debts
• Your filed business and personal tax returns and proof of payment for relevant tax liabilities

If you don’t meet all these requirements, you can still work with Pursuit! Complete your application and we’ll find the best path to success for your business.

Please note that we do not lend to money-service businesses; “passive” businesses engaged in owning, purchasing, leasing, or re-selling real estate or other assets; or those operating in sin industries.

What can you use the Washington Small Business Flex Fund 2 for?

Your loan through the Washington Small Business Flex Fund 2 can be used for many different business needs. The program is flexible and can used for:

• Working capital
• Payroll
• Rent and utilities
• Marketing and advertising
• Building improvements and repairs
• Other business expenses

With the Washington Small Business Flex Fund 2, you’ll find a business loan that can be used for a variety of needs all at a fixed, affordable interest rate. When you work with Pursuit,  you’re working with a lender that has nearly 70 years of lending experience. We’ll be with you every step of the way through the application process and beyond. Reach out to us today to learn more!

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