New funding for small businesses: Apply for the Capital Access Program!

Applications are open for the new Small Business Capital Access Program!

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We are excited to announce that we are investing $8 million of economic recovery funding to connect small businesses to flexible operating capital. The new Capital Access Program will lower the cost of Washington State Small Business Flex Fund loans for eligible small businesses by paying down 25% of the loan principal. Small businesses can borrow up to $150,000 with 4% interest to use on business expenses such as payroll, rent and utilities.

To apply for the City’s Capital Access Program, eligible small businesses must submit a Flex Fund application online at smallbusinessflexfund.org/seattle.

The application must be submitted by April 8 at 5 p.m.

We encourage all applicants who meet the eligibility requirements listed on our website to apply as there will be additional resources provided through this program. Information and application assistance is available in multiple languages, including Amharic, Arabic, Chinese, Korean, Russian, Somali, Spanish, Tagalog, Thai and Vietnamese.

Questions?

• Small businesses can contact Business Impact NW at (206) 339-6588.
• Small businesses can attend a virtual information session:
  • March 17, 2:30-3:30 p.m. (3/17 webinar registration link)
  • March 28, 2:30-3:30 p.m. (3/28 webinar registration link).
• For language access services, disability accommodations, materials in alternate formats and accessibility information, businesses can contact OED by calling (206) 684-8090 or emailing oed@seattle.gov.

Apply here

Thank you Mayor Harrell, Councilmember Nelson, OED Director McIntyre and National Development Council for announcing the launch of the Capital Access Program. Special thanks to our gracious host, Stephanie Morales, owner of The Liink Project, for opening the doors as we celebrate this innovative solution that will support the growth of small businesses in Seattle.

Seattle City Hall

600 4th Avenue

Seattle, WA 98104

Phone: 206-684-2489 (CITY)

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