The City of Spokane's Community, Housing, and Human Services (CHHS) Board is investing funds to help small businesses stay resilient in the economic impact of the COVID-19 pandemic. The Business Resilience Loan Fund Program, provided by federal Community Development Block Grant (CDBG) dollars, will provide eligible Spokane businesses with access to affordable Business Resilience Loans through a partnership with non-bank community lender Craft3. Eligible businesses will work with Craft3 on a full application and underwriting to determine creditworthiness. Due to credit requirements, not every business will receive a loan. Loans can be between $10,000 and $50,000. Check out this success story of Kitchen Spokane.
Interested applicants must meet these minimum qualifications in order to be eligible:
If your business meets these qualifications, please call the Financial Helpline:
Monday-Friday, 8 a.m. – 5 p.m.
Ask for the Business Resilience Loan Program
You will then be asked additional questions that include:
Please be prepared with this information. Helpline staff will collect the above information with interested applicants, which will be submitted to the CHHS department for basic screening review before being provided to Craft3.
Craft3 will complete an in-depth review and connect with the point of contact provided on the initial screening form to have applicants complete a more detailed loan application. Applicants will have 48 hours to complete the loan application from Craft3.