{"id":61481,"date":"2023-01-09T06:00:00","date_gmt":"2023-01-09T14:00:00","guid":{"rendered":"http:\/\/www.kentreporter.com\/local-marketplace\/low-rates-supportive-lenders-kent-small-business-owners-apply-now\/"},"modified":"2023-01-24T15:11:53","modified_gmt":"2023-01-24T23:11:53","slug":"low-rates-supportive-lenders-kent-small-business-owners-apply-now","status":"publish","type":"post","link":"https:\/\/www.kentreporter.com\/local-marketplace\/low-rates-supportive-lenders-kent-small-business-owners-apply-now\/","title":{"rendered":"Low rates, supportive lenders: Kent small business owners, apply now!"},"content":{"rendered":"\n\t\t\t\t

In every county in Washington, low and moderate income earners, women, BIPOC, veterans, immigrants, disabled people and members of the LGBTQ+ community make up a large portion of the population, but only a small portion of local entrepreneurs. The Small Business Flex Fund<\/a> aims to change this, providing better access to capital at low interest rates so small business owners can bounce back from the pandemic, create jobs and build a stronger Washington economy.<\/p>\n\t\t\t\t

“The Small Business Flex Fund helps small business owners transition, connect with resources and find new opportunities for growth,” says Victor Saldanha, Chief Lending Officer of Business Impact NW<\/a>, one of the Community Development Financial Institutions (CDFIs) administering the Washington State Department of Commerce’s Small Business Flex Fund<\/a>. “Some entrepreneurs have only been able to access predatory loans with interest rates as high as 25 percent. When they get a Small Business Flex Fund loan at 4 percent, the savings really does help! They’re also able to build credit, and in a few years are often able to qualify for a greater variety of loans.”<\/p>\n\t\t\t\t

\"Victor<\/a>

Victor Saldanha, Chief Lending Officer of Business Impact NW, one of the Community Development Financial Institutions (CDFIs) administering the Washington State Department of Commerce’s Small Business Flex Fund.<\/p><\/div>The Small Business Flex Fund isn’t just for underserved populations — all small business owners are welcome to apply by the end of February, 2023!<\/p>\n\t\t\t\t

Low interest, flexible loans:<\/strong>