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The Small Business Flex Fund Loan

The pandemic has impacted all our communities, but it has been especially hard on Washington’s smallest businesses and nonprofits. Supported by the Washington State Department of Commerce, the Small Business Flex Fund is designed to help small business owners and nonprofits access funds at a competitive interest rate so they can bounce back stronger than ever.

The Small Business Flex Fund will provide 4% interest rate loans up to $150,000 to small businesses. All interested business and nonprofits apply through a centralized online portal that collects standard information and determines eligibility. If eligible, applicants are matched with a lender like Ascendus. The lender will then support the applicant with the remainder of the process.

We hope you choose Ascendus to process your Small Business Flex Fund application!

requirements for the Small Business Flex Fund

To be eligible, an applicant must:

    • Have fewer than 50 employees
    • Have annual revenues of less than $3 million
    • Attest to experiencing direct economic hardship due to COVID-19

 

Key loan terms include:

  • Borrow up to $150,000
  • No fees & no collateral
  • 4% interest rate
  • 60-month loan terms; interest-only payments for the first year

apply online or
call 866 245 0783.

Learn more here.

A truly small business-friendly loan

The Small Business Flex Fund is a simple, 4% interest rate, and flexible loan for Washington’s smallest businesses. At Ascendus we are proud to be a trusted lending partner for this new loan program.

The pandemic has impacted all our communities, but it has been especially hard on Washington’s smallest businesses and nonprofits. Supported by the Washington State Department of Commerce, the Small Business Flex Fund is designed to help small business owners and nonprofits access funds at a competitive interest rate so they can bounce back stronger than ever.

The process was easy and very convenient, it was perfect.

The experience of working with Ascendus was awesome, particularly the excitement they showed in my progress and in my business.

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