Financial Opportunities

A wide range of funding opportunities through loans, grants and local programs are available to businesses seeking to expand or start operations in Washington.

Loans and Grants to Fuel Growth

Export Washington
This program provides assistance for businesses that want to begin exporting or expand their current export activities. Through the Export Voucher Program and the State Trade & Export Promotion Grant, eligible businesses can receive an Export Voucher for preapproved export expenses, attend governor-led trade missions, join trade specialists at international trade shows and meet potential customers, get help finding export financing from local banks, and apply for U.S. Ex-IM bank Guarantee and Insurance Programs. Learn more at

Industrial Revenue Bonds
Businesses starting up or expanding manufacturing or processing facilities may qualify for low interest, tax free Industrial Revenue Bonds. The Washington Economic Development Finance Authority (WEDFA) administers the program, borrowing capital from a bank or a bonder purchases and lending the capital to a participating business. WEDFA then assigns its rights in the loan repayments to the bank or bond purchaser. Because through this type of financing the bank can accept a lower interest rate, the borrowing cost is reduced for businesses. WEDFA can also issue taxable bonds, making it possible to fund multi-purpose facilities in a single package.

Local Programs

For local businesses, Spokane Valley provides a number of programs and organizations to assist with expansion and growth. Spokane Valley’s partners are dedicated to serving Washington businesses and fueling the economy.

Local Business Incentives

Collateral Support Program for Small Business
This program helps small businesses secure SBA 504 financing with their lenders when collateral support is a concern.

Craft3 Fund
Craft3 is a non-profit institution that lends to small businesses in underserved communities across Washington. The Craft3 Fund provides loans to entrepreneurs, non-profits, individuals and others who don’t normally have access to financing. Generally, loans range from $250,000 to $5 million. Smaller loans are also available.

The mission of the SNAP Financial Access Business Development Services is to create income and assets for low to moderate income persons through business development and expansion.

W Fund
The W Fund invests in early stage life science, biotech, medical device, alternative energy and information technology businesses emerging from universities, research centers and individual start-ups across Washington.

SBA Programs

The Small Business Administration (SBA) offers several financial assistance programs to small businesses. The SBA guarantees loans made by its partners such as lenders, community development organizations and micro-lending institutions. SBA sets the guidelines for these loans. When a business applies for an SBA loan, it is applying for a commercial loan, structured according to SBA requirements with a SBA guaranty.

General Small Business Loans

This program provides loans up to $350,000 and is the SBA’s primary program for helping start-up and existing small businesses for a variety of general business purposes. SBAExpress provides an accelerated review turnaround time, including a response within 36 hours.

Microloan Program

This program provides loans at an average of $13,000. SBA provides funds to designated intermediary lenders, which are non-profit community-based organizations. The maximum repayment term is six years. Interest rates vary depending on the intermediary lender and their costs from the U.S. Treasury.

Real Estate & Equipment Loan

This program provides long-term, fixed-rate loans up to $5 million to finance fixed assets like real estate or equipment.

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