Small Business Flex Fund Info Webinar

The Washington State Small Business Flex Fund is a new loan program for the smallest Washington businesses and nonprofits affected by COVID-19. To be eligible to apply, small businesses and nonprofits must employ 50 or fewer full-time equivalent (FTE) employees, have annual revenues of less than $3 million per year, and experience a direct economic disruption as a result of COVID-19.

Should you apply? What should you prepare if you decide to apply?

This webinar will provide information about the loan program and application process and help you prepare to apply.

Some of the topics covered will be:

• The Flex Fund
  Eligibility
  Loan Size
  Use of Funds
  Term & Interest
  Step by step in the pre-application portal and moving to the lender’s application
  What is and is not required to apply
  What will cause a declined application
• Key Parts of a Loan Application
  Short Form Business Plan
• Underwriting Tips
  What does a lender look for