City Government Loans

Grow Seattle Fund ($8 million)

The Grow Seattle Fund – a partnership between the City of Seattle, the Seattle Foundation, and the Grow America Fund – offers long-term, below-market rate financing for growing small businesses. Loans finance a broad range of business needs such as working capital, machinery and equipment purchases, tenant improvements and real estate acquisition.

New Markets Tax Credits ($40 million)

OED has an allocation of $40 million in federal New Markets Tax Credits to attract low-cost private financing for business and real estate project in low-income areas. Visit www.seattleinvestmentfund.com to learn about the investment criteria of geographic eligibility, project readiness and public benefits, view video application tutorials, and download an application. Financing ranges from $5 million to $20 million per projects.

Section 108 Loans and Float Loans

The Office of Economic Development provides low interest loans for mid-sized and large commercial projects that result in job creation or redevelopment of abandoned or underutilized property that will contribute to the revitalization of the city’s business districts.