November 14, 2021
Business

Small Business Flex Fund raises an additional $40 million to support Washington state small businesses

Heritage Bank, JPMorgan Chase and WaFd Bank commitments bring the Fund’s total to $70 million

Published: Oct. 15, 2021 at 3:18 PM CDT|Updated: 17 minutes ago

OLYMPIA, Wash., Oct. 15, 2021 /PRNewswire/ — The Small Business Flex Fund hit a milestone this week, having now raised a total of $70 million in committed capital that will benefit small businesses and nonprofits, particularly those in underrepresented communities, across the state of Washington.

Small Business Flex Fund

The Small Business Flex Fund provides access to flexible, low-interest loans to businesses and nonprofits in WA State.

Launched earlier this summer, the Small Business Flex Fund is a public-private partnership aimed at helping small businesses and nonprofits recover from the impacts of the COVID-19 pandemic and grow their business again. It began with a $30 million contribution from the Washington State Department…

Read full article here: www.wibw.com