Financing for Small Businesses
The Olympia City Council established the GrowOlympia Fund to retain and grow existing Olympia businesses and in-fill vacant storefronts with new or relocated businesses.
How are Grow Olympia Fund Loans Different?
The GrowOlympia Fund offers longer term loans, resulting in smaller monthly payments. They require a lower down payment and lower interest rates.
In addition, Grow Olympia Fund features customized and flexible loan structuring and underwriting. We are able to match the term of the loan to the assets finance, ensuring debt does not exceed available cash flow. This allows us to create a financing solution that best suits your business needs.
Who is Eligible for a GrowOlympia Loan?
- Small businesses within the City of Olympia city limits, that:
- Have been in business for at least 3 years, and
- Have a valid City of Olympia business license
What Can the Loans Be Used For?
- Obtaining working capital
- Purchasing machinery or equipment
- Making leasehold improvements
- Refinancing an existing loan
- Purchasing property
How to Apply
GrowOlympia Fund loans are administered through a partnership with the National Development Council and its wholly owned affiliate, the Grow America Fund. To apply please contact:
Diana L. Sasser, National Development Council
Phone: 209.483.9863 | Fax: 209.370.8245
About the National Development Council
NDC is one of the nation’s oldest economic development nonprofit organizations and a nationally recognized Small Business Lending Company licensed by the Small Business Administration (SBA). It is also a Community Development Financial Institution (CDFI) as designated by the U.S. Department of the Treasury. Learn more at http://ndcgaf.org/.