Business Finance Programs

• Industrial Revenue Bonds: Low interest (tax-exempt) bonds sold to finance acquisition or construction of industrial facilities or equipment.
• Community Development Interim Loan: Low interest, short term financing secured by irrevocable letter of credit.
• HUD Section 108 Loan Guarantee: Long-term economic development financing at a fixed rate.
• King County Small Business Loan Program: Financing for small businesses unable to obtain funding from traditional sources.
• Small Business Administration 7(a) Loan Guarantee: Federal guarantee of bank loans for small and medium size businesses.
• Certified Development Company (504) Loan Program: Federal loans subordinated to bank loans for existing small and medium sized businesses for fixed asset financing.
• ShoreBank Enterprise Cascadia: Non-profit community lender, providing loans and technical assistance to entrepreneurs who are unable to access traditional financing.
• Community Capital Development: Non-profit community and economic development organization providing financing and technical assistance to businesses and entrpreneurs who historically have been unable to access traditional financing

Small Business Administration 7(a) Loan Guarantee

Federal guarantee of bank loans for small and medium size businesses.
Contact: For further information contact your bank or visit the SBA website at: http://www.sba.gov/financing/sbaloan/71.html

Certified Development Company (504) Loan Program

A long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed rate financing for major fixed assets, such as land buildings.
Contact: Information about the program is available at the SBA website: http://www.sba.gov/financing/sbaloan/cdc.504.html. (outside link).

ShoreBank Enterprise Cascadia 

Non-profit community lender, providing loans and technical assistance to entrepreneurs who are unable to access traditional financing.
Emphasis on lending to firms that restore or preserve the environment; low-income women and minorities; non-profits; worker-owned cooperatives; rural enterprises and community based organizations.
Contact: Speak with a loan officer at (206) 447-9226 or visit ShoreBank Enterprise Cascadia on the World Wide Web.

Community Capital Development

There are a variety of publicly funded loan programs available to businesses of all sizes in the City of Seattle.
Qualified businesses in Seattle can apply for start-up loans, expansion financing, contract financing, and financial restructuring loans.
Contact: Community Capital Development, Jim Thomas, (206) 324-4330. Or, visit their website at http://www.seattleccd.com (external link).