Small and mid-sized businesses are engines of economic opportunity and growth.
We take the time to get to know you and understand your business.
You don’t need perfect credit or full collateral to be approved.
As a nonprofit mission-driven lender, we’re focused on what’s best for our customers and communities.
We’re a community development financial institution (CDFI) – not a bank. We use capital and financial tools to enable entrepreneurs to invest in their businesses so they can build a better future.
To start and grow a business, you’ll likely need capital and a trusted financing partner. Our business loans can empower you to take advantage of opportunities. From start-up capital, to equipment purchases, and even to business acquisitions, we’re here to help turn your ideas into reality.
Craft3 offers bridge financing, typically for capital campaigns and grants. We specialize in working with nonprofits to help them get started on projects before a capital campaign is complete or grant funding has been received.
Owning your building can be a game-changer. It can be a buffer against gentrification and economic downturns, as well as an enduring asset. Traditional capital and equity requirements put real estate purchases out of reach for too many. We aim to change that.
Our revolving line of credit is designed for small to mid-sized food and beverage processors. It’s typically used to help bridge temporary gaps in cash flow cycle and help businesses scale, often by purchasing in bulk to secure a lower price.
A construction loan can let you finance a building project or tenant improvements. Our lenders and underwriters are experienced at structuring and executing construction loans and they can help you navigate the entire process.
Muslims who seek to live in accordance with Shari’a principles are unable to access conventional debt capital because of Islam’s prohibition against charging or paying interest. To better serve the growing Muslim community in the Pacific Northwest, Craft3 has worked with key partners to develop two types of Shari’a-compliant financing.
Since 1994, Craft3 has provided nearly 1,000 loans to entrepreneurs of color, and indigenous-, woman-, immigrant-, and veteran-owned businesses.
A Craft3 loan helped Tattoo 34 purchase a commercial building with a 10 percent down payment. They plan to use the one-bedroom apartment above the shop to host tattoo artists from around the world. Owning their building is also a buffer against gentrification.
If you’re interested in starting or expanding a business, you’ll likely encounter lots of terms and acronyms. This glossary will hopefully help you make sense of unfamiliar words and equip you for your business journey.
We want to make the loan process as clear and transparent as possible. Here are some resources to support business preparation and growth.
We hope this business journey worksheet helps you think about your next steps and anticipate potential setbacks.
Tara guides customers through the loan closing process with grace and skill. She’s got you covered!