Contact Seattle Economic Development Fund (dba: Business Impact Northwest)
- Address
- 1437 South Jackson, Ste 201 Seattle, WA 98144
- Phone
- 206-324-4330
Where they lend
Seattle Economic Development Fund (dba: Business Impact Northwest) is an SBA-approved microloan intermediary serving Alaska, Idaho, Oregon and Washington.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Seattle Economic Development Fund (dba: Business Impact Northwest), who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Seattle Economic Development Fund (dba: Business Impact Northwest) will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
