The EDC helps Mason County businesses to obtain the capital they need to get their business off the ground, expand into new markets, purchase a property, and more! We connect business owners to community lenders and funders with the goal of helping local businesses to succeed.
Most Small Businesses Need Capital
The first few years are often the most uncertain for small business income. Without established credit, many businesses find it hard to get working capital. This can make it hard to invest in inventory and facilities, or staff up to establish a solid presence and revenue stream. Even as the owner of a well-established business, you can still have a hard time finding a traditional lender who will essentially take a chance on your company.
Financing Resources
Here are local resources and partner organizations that provide business funding in Mason County.
Craft3 is a nonprofit Community Development Financial Institution (CDFI) lender with a mission to strengthen economic, ecological and family resilience in Pacific Northwest communities. To do this, we provide loans to businesses, nonprofits and individuals, including those without access to traditional financing. We complement financial resources with our own expertise, networks and other advocacy for our clients. Since inception, Craft3 has invested more than $380...
Wouldn’t it be great if you could get up to $50,000 to grow your business directly from members of the community? Fund Local allows you to do just that. Using an online lending platform co-sponsored by the Washington State Department of Commerce and Community Sourced Capital, your business can raise money via squareholders, members of your community who want to invest in a 0% loan...
Since 1980, they've been dedicated to the enhancement of small businesses in the Northwest. They enable business owners to take their companies to the next level and understand that expanding your business while retaining enough working capital is a challenge. To help you face this challenge, they offer the SBA 504 loan. The 504 loan offers low down payments, low fixed interest rates for terms...
SBA offers a variety of loan programs for very specific purposes. Take some time to study the programs described in this section, to see if you qualify to participate. Learn More>
General Small Business Loans: 7(a): The 7(a) Loan Program, SBA’s most common loan program, includes financial help for businesses with special requirements.
Microloan Program: SBA’s Microloan Program provides small, short-term loans to...
