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.

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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

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Questions will be answered as time allows.

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