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Growth Opportunities: Washington Small Business Flex Fund 2 Now Available
September 10, 2025
Small businesses and nonprofits in Washington State have a powerful new resource at their disposal. The Washington Small Business Flex Fund 2, backed by the Washington State Department of Commerce, is designed to provide the financial support that growing organizations need to reach their next level of success.
The following criteria is the minimum required for a business or nonprofit to be considered eligible for a loan under this program:
- The business or nonprofit must employ 50 or fewer employees;
- Have been in operation for at least one year prior to the date of application
- Have less than $5 million in gross annual revenue
- Demonstrate ability to repay the loan through previous and projected cash flow
- Have existing operations in Washington state
Loan Details:
- Loan amounts: Up to $250,000
- Interest rates: Currently 8.5-11.5% (1-4% above the current WSJ prime rate of 7.5%)
- Fixed rates: Your interest rate stays the same for the entire loan term
- Loan terms: 36 to 72 months of flexible repayment options
- No prepayment penalties: Pay off your loan early without additional fees
Ready to learn more?