The Walla Walla Area Small Business Loan Fund was established to provide loans to non-traditional borrowers that would not normally qualify for bank financing. This includes start-up businesses or existing businesses that do not have established banking relationships.

The loan fund is targeted to those individuals willing to commit the time and energy to developing and implementing a well thought out business plan (marketing plan, balance sheet, cash flow, etc.) which the client prepares with the assistance of the Small Business Center. Once the plan is completed, participating banks are contacted to review the loan proposal.

In general, the Small Business Loan Fund will be utilized by Small Businesses having less than 15 employees and loan amounts will vary between $5,000 and $100,000. Each participating bank, however, retains the flexibility to establish loan amounts and terms and conditions.

For more information on the Small Business Loan Fund contact Rich Monacelli at the Small Business Center at (509) 527-4681.

To learn more about the impact the Small Business Center has had on regional businesses click onto the Port of Walla Walla newsletter.