Craft3 is working in partnership with Washington County, Oregon to provide Business Resilience Loans to help stabilize and reopen the region’s diverse business community.
If your business meets the eligibility criteria for a Business Resilience Loan in Washington County, please follow these steps. Note that you should not apply through the Apply Now link at the top of this page.
1) Send an email expressing interest to WaCo.COVID@Craft3.org. Please note that we cannot consider businesses for loans if they do not meet eligibility criteria listed on this page.
2) We'll reply with a short PDF application. Fill it out and return it to us with your 2018 business tax returns and/or 12/31/19 financials.
3) Once you submit your PDF application and documentation, we'll begin underwriting your application.
4) If we're able to approve your application, signing of loan documents will occur electronically and funding your loan generally happens five days after that.
$10,000 to $25,000
5.00% fixed for the life of the loan
2 percent, no other closing costs
All payments to be made via automatic bank withdrawal
There are no prepayment penalties; loans can be repaid at any time
Security / Guarantees
Personal guaranty required for anyone owning 20% or more of the business
Loan secured by a filing on general business assets, which may include inventory, fixtures and equipment
Businesses that meet the following:
Food and Agriculture Loan
Craft3 is an equal opportunity lender and employer.
NMLS ID 390159 Click to view NMLS Consumer Access
The completion of an application does not guarantee loan approval or receipt of loan funds.
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