Loans

Here you will find a list of resources that provide loans to small businesses. They are categorized according to low interest and high interest loans.

Low Interest Loans (less than 10 percent)

• • SBA Economic Injury Disaster Loans Available to Washington Small Businesses - Small nonfarm businesses in six Washington counties and neighboring counties in Oregon! You may now apply for low-interest federal disaster loans from the U.S. Small Business Administration (SBA) to offset economic losses caused by drought. Eligible counties include Skamania in Washington and neighboring counties like Clark, Cowlitz, Klickitat, Lewis, and Yakima, along with Hood River and Multnomah in Oregon. These loans, with interest rates of 4% for businesses and 2.375% for nonprofit organizations, offer support for financial obligations and operating expenses up to $2 million. Eligibility is based solely on the financial impact of the disaster, not property damage, and interest accrues starting 12 months from the initial disbursement, with repayment starting 12 months thereafter.

• • Native American Bank - Offers a full range of business loans to people in all 50 states. Focuses on lending to Tribes, Tribally-owned enterprises, Alaska Native Village Corporations and businesses owned by individual Native Americans and Alaska Natives. Offers secured term loans, secured revolving lines of credit, secured letters of credit, and commercial real estate construction loans.

• • Pinnacle Bank - Native American-owned bank in Iowa that offers business loans across the country. They offer SBA 7(a) commercial loans, seasonal or operating lines of credit, and commercial real estate loans among others.

• • Mercy Corps Northwest - Mercy Corps Northwest offers loans ranging from $500 to $20,000 to businesses owned by entrepreneurs of color, women, gender non-conforming individuals, and undocumented entrepreneurs throughout the Pacific Northwest. Their program works with both startups and existing businesses to serve the needs of business owners at different points in their journey. They work with people who are experiencing less than perfect credit, unable to qualify for loans at other institutions, and who are new to the lending process.

• • Farm Loans Program - The Farm Service Agency offers loans to help farmers and ranchers get the financing they need to start, expand or maintain a family farm. The kinds of loans they offer include ones for beginners and Native Americans, as well as operating loans, ownership loans, emergency farm loans, and others.

• • Evergreen Business Capital - Offers loans to small businesses throughout Pacific Northwest. Their 504 loans can be used for land and building purchases, new construction or renovation, leasehold improvements and purchases of heavy machinery, equipment and commercial vessels. Can be used to refinance and refinance with expansion as well as for soft costs such as title searches, attorney’s fees, appraisals, etc. They have other types of loans as well.

• • Business Impact Northwest - Business Impact Northwest offers loans to small business owners, especially women, veterans, BIPOC, immigrants, LGBTQ+ and disabled entrepreneurs. These loans range from $5,000 to $350,000. Funding can be used for equipment, inventory, working capital, commercial real estate, furniture and fixtures, debt restructuring, contract mobilization, and contractor receivables.

• • The Northwest Native Development Fund (NNDF) - The NNDF assists Native Americans with development of personal assets through financial and entrepreneurial education, and providing access to multiple different types of loan opportunities for the economic development of Indian Country.

• • Ventures - Ventures is a Seattle-based nonprofit that offers loans and micro-financing to empower small business growth. They make capital available to small business owners who may not qualify for traditional financing. Ventures’ loan programs combine capital products with business coaching to support the long-term success of our loan recipients. They have three types of loans you can apply for: Peer, Business Builder, and Credit Building loans. They focus on women, people of color, immigrants, and individuals with low income.

• • Small Business Flex Fund - The Small Business Flex Fund is a simple, low-interest & flexible loan for Washington’s smallest businesses and non-profits. It was created to meet the unique challenges of small businesses and non-profits when trying to get access to funding to sustain or grow. The Fund has an easy application process, low interest rates, longer payback timelines, lenders inclined to approve, and experts dedicated to your business success. Please reach out to us here at Sister Sky to help you determine your eligibility and assist you with the application process.

• • SNAP Financial Access - SNAP Financial Access offers small business loans ranging from $500 to $150,000 to small businesses in Spokane County. Their loans can be used for startup costs, existing business purchases, real estate, equipment purchases, working capital, debt restructure, and more. They help fund women, veterans, communities of color, immigrants, LGBT, disabled, and other traditionally under-banked entrepreneurs.

• • Craft3: Loans in Indian Country - Craft3 offers a loan program specifically built to understand the culture, traditions and sovereignty of Indian country. Low interest rates apply to entrepreneur of color-owned businesses.

• • Lummi CDFI - Offers loans and a trusted, safe place for tribal members who are considering entrepreneurship, building a business and/or strengthening their credit by providing access to education, financing, and asset growth. Interest rate is dependent on a number of factors. Can be as low as 9%.

• • Chehalis Tribal Loan Fund - Established in 2007, their goal is to serve the Chehalis Tribal people with loans, business education, financial literacy, and savings goals.

• • Affiliated Tribes of Northwest Indians Economic Development Corporation - ATNI-EDC offers loans (ranging between $5,000 and $125,000) and technical assistance throughout the ATNI region. ATNI Member Tribes include all of the tribes in Oregon, Washington, and Idaho, as well as some tribes in Northern California, Nevada, Montana, and Alaska.

• • Nimiipuu Fund - Established in 2013, the Nimiipuu Fund is a Native CDFI that offers business loans ranging from $2,500 to $10,000 for startup businesses, and $2,500 to $35,000 for existing businesses. Rates range from 2% to 6% on top of WSJ Prime Rate. Also has asset building support services. Serves Washington, Idaho and Oregon.

High Interest Loans (more than 10 percent)

• • Lummi CDFI - Offers loans and a trusted, safe place for tribal members who are considering entrepreneurship, building a business and/or strengthening their credit by providing access to education, financing, and asset growth. Interest rate is dependent on a number of factors. Can be as high as 14%.