Financing Programs

Pierce County Loan Programs
Pierce County has loan programs aimed at helping small businesses in two ways. 1) funds for existing small businesses to purchase a building, new equipment and/or working capital; 2) start-ups requiring funding for inventory, equipment, working capital, and other start-up costs. Loan sizes vary by program ($5,000 micro-loan program to $250,000 for revolving loan fund).

Our loan programs require a bank partner and are designed to compliment loan packages already put together by your local bank.

Industrial Development Revenue Bonds
Tax-exempt bond financing for employment generating manufacturing facilities is available through the Economic Development Corporation of Pierce County. Eligible costs include the acquisition, construction, improvement of land, buildings, docks, wharves, roads, parking, utilities, and landscaping; machinery & equipment; architectural designs, engineering work and feasibility studies; consulting, accounting & legal fees; and financing arrangements. Projects size will likely range from $2 million to $10 million.

Linked Deposit Program
The Washington State Office of Minority & Women's Business Enterprises offers certified minority and women's business enterprises (M/WBE) a 2-point interest rate reduction on qualifying business loans. Eligible loans must be obtained through participating lenders, cannot exceed $1 million, and have a term not exceeding 10 years. Other restrictions apply.

SBDC Financing Program Directory
The Bellingham Small Business Development Center maintains an extensive list of statewide small business development and financing programs. They offer a number of informative documents on small business finance, loan mechanics, business planning, and other small business topics.