Small Business Recovery

The Small Business Flex Fund

The Washington State Small Business Flex Fund is a public- private partnership aimed at helping small businesses and nonprofits across Washington state – particularly those in low-income communities – recover and grow as communities across the state reopen for business. Loans are being originated by 5 local CDFI partners that have reach across the state.

The Fund is anchored by a $30 million commitment from the Washington State Department of Commerce.

Fund Launch

June 2021

Capital Committed

$70 million

Available to

Institutional lenders


Washington state

Borrowers served

Small businesses and nonprofits

Participating CDFIs



How it Works

A new resource to help small businesses and nonprofits access the financial support they need to thrive

How to Participate

For lenders and donors interested in supporting the Small Business Flex Fund:

Reach out to us at with "Small Business Flex Fund" in the subject line. Please note that our small business recovery funds are available to institutional lenders only. The minimum commitment is typically $1 million.

Supporting Lenders and Partners

Heritage Bank
JPM Chase
WaFc Bank
Dept Commerce