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Financing Assistance

Does your small business need financing for working capital, invest in equipment, scale up your operations, or expand your space? Rainier Valley Community Development Fund can help.

Since 2006, RVCDF has invested in over 120 loans totaling $58 million to business owners and nonprofit institutions in the Rainier Valley community. We will work with you to determine funding options available to support your business needs.

We support small business owners who generally are not served by traditional banks. By providing access to credit, business owners in South Seattle are able to retain and grow local jobs, provide goods and services to serve the local needs, and contribute to economic growth within our community. Whether you need a loan to purchase equipment, acquire a commercial building for your business, buy or expand your business or working capital, we will work with you to customize a lending solution that best supports your vision.

Loan Features

  • Loans from $50,000 to $2 million
  • Interest rates from 4% to 7%, usually fixed rates for entire loan term
  • Loan fees of 1% to 2%, plus legal and closing costs
  • Loan maturities –
    • Lines of credit – one year renewable loans
    • Business term loans – three to five years
    • Real estate loans – three to 15 years
  • Prepayment in whole or in part without penalty or lock-out
  • Collateral is reviewed on an individual basis–personal guarantees are generally required
  • Sharia-compliant no-interest financing available

Business Loans

  • Business acquisition
  • Relocation of business to South Seattle
  • Tenant improvements and renovation of commercial premises
  • Business equipment, furniture and fixtures
  • Working capital line of credit (revolving) secured by inventory, accounts receivable, contracts and/or construction progress invoices
  • Export line of credit secured by standby letters of credit

Real Estate Loans

  • Owner-occupied (at least 51%) commercial real estate
  • Commercial condominiums – owner occupied
  • Independent fee appraisals required; loan amount is limited to no more than 80% of the lower of acquisition price or appraised value
  • Generally, a first lien position is required, although a second lien position may be considered on a case-by-case basis, with a combined loan-to-value ratio not to exceed 80%

Nonprofit and Community Service Organizations

  • Working capital line of credit (revolving) secured by grants receivable
  • Tenant improvement and renovation of premises
  • Real estate (community center or office space for nonprofit organizations)

Apply Now

If your business or residence is located in southeast Seattle and your company has been in business for at least one year, Rainier Valley Community Development Fund will work with you on your specific financing needs. Take a few minutes to complete a loan inquiry now.