Areas Served: Spokane Washingtion
The Microloan Program provides small, short-term loans to Spokane, Washington’s small business concerns and certain types of not-for-profit child-care centers.
The SBA makes funds available to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance.
These intermediaries make loans to eligible borrowers.
The maximum loan amount is $50,000, but the average microloan is about $13,000. How Microloan Funds May Be Used Microloans may be used for the following purposes:
¢Working capital
¢The purchase of inventory or supplies
¢The purchase of furniture or fixtures
¢The purchase of machinery or equipment.
Proceeds from a microloan cannot be used to pay existing debts or to purchase real estate.
Contact InformationSNAP Financial Access
Address: 2116 E First Ave
City: Spokane
State: Washington
Website:
http://www.snapwa.org/services/neighborhood/business-development
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