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The new partnership is supported by the U.S. Department of Treasury through the Washington State Small Business Credit Initiative (SSBCI)OLYMPIA, Wash. – The Washington State Department of Commerce just launched the Revenue-Based Financing Fund (RBF) loan program for small business. This much-anticipated program is aimed at increasing access to capital for small businesses in Washington state, particularly those that have been historically underserved or underbanked.“This is one of the most innovative loan programs we've ever launched,” said Commerce Director Joe Nguyễn. “It's not a typical business loan. It's a Pay-As-You-Earn loan that works with the reality of running a small...

Bremerton, WA (February 6, 2025) | Kitsap Credit Union is proud to announce that it has been awarded a $900,000 Community Development Financial Institution (CDFI) grant to support rural women-owned businesses.As a designated CDFI, Kitsap Credit Union is excited to expand its efforts to provide low-income women borrowers, particularly those with limited credit history, access to loan products and business education. This initiative will empower women across the Olympic Peninsula to launch, sustain, or restart businesses, helping them build assets, create jobs, and foster sustainable enterprises.The CDFI Fund, administered by the U.S. Department of the Treasury, invests federal funds in mission-driven...