Your Access to Capital Starts Here

Lending

Business Impact NW provides access to capital for business owners at every stage of business development

  • We offer loans ranging from $5,000 to $250,000.
  • We are a compassionate lender. The 5 C's of Financing allow us to be more flexible with our funding than traditional lenders.
  • We exist to fund women, veterans, communities of color, immigrants, LGBT, and disabled entrepreneurs.

Startup Businesses

0 - 6 months in operation for start-up capital

New Businesses

Fewer than 2 years in operation for working capital

Established Businesses

2+ years in operation for growth management and debt restructuring

Funding For:

  • Equipment & Inventory
  • Franchising
  • Production Needs
  • Working Capital
  • Commercial Real Estate
  • Cash Flow Restructuring
  • Contract Financing
  • Contractor Receivables
  • & more!

 

5 C's of Financing

The 5 C's of Financing is how we at Business Impact NW make our investment decisions.  Each is important individually, but a lender looks at the overall risk to make a determination if you qualify for a loan.

Application

Our lending officers are here to help you get the capital you need to start, grow or expand your business. Did you know that 99% of our clients are business owners who that are ineligible for commercial loans? That means they've been turned down by a bank, but still have the capacity to meet our "5C's Criteria". You can fill out an application online and get started on the path to financing today.

Technical Assistance

Need Help? Our business coaches can guide you through the lending process through the development of your business plan, marketing plan, cash flow projection and other financial projections. Once completed, they can also assist you in assembling and completing the required documentation to apply for your loan.

Decision

Once you submit your complete prequalification application to our lending team for review, our loan officers will conduct an analysis. This process typically takes 7 days. Once approved, work with a loan officer to provide additional materials to close your loan over a period of 4-6 weeks.

Ongoing Support

Once you've received approval on your loan, you are encouraged to keep in touch with your coach regarding any follow up questions or concerns, and to communicate the changing needs of your business over time.

Get Started!

01

PREPARE YOURSELF

Attend a Square One class, speak with a business counselor, or go to businessimpactnw.org/loanreadiness to determine if you have everything you need to get pre-qualified. Need help? Work with a FREE Business Counselor to put together a complete application.
02

GET PRE-QUALIFIED

Apply for pre-qualification using the  Business Impact NW Loan Application.  You will hear back within 5-7 business days.
03

CHECKLIST

Once you are Pre-Qualified, you'll use this Loan Application Checklist to provide all needed materials to your  loan officer. Next, fill out your Personal Financial Statement. This will be important in assessing your "Character" - one of the 5 C's of Financing.
04

LOAN APPROVAL

Finally, if you meet all criteria and provide all materials requested, you will close your business loan within 4-6 weeks from initial application.  Congratulations!
05

FAQ

Have more questions? Check out our FAQ.

 This is an Equal Opportunity Program. Discrimination is prohibited by Federal Law. 

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