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On Thursday, Mayor Katie Wilson, City of Seattle leaders, and community partners announced plans to revamp Seattle’s Capital Access Program to help small businesses access affordable financing, offering loans of up to $350,000 at a fixed 4% interest rate through six participating community lenders. The updated program is designed to support business owners who may have faced barriers to traditional financing, providing a lower-cost alternative for expenses such as payroll, rent, utilities, and supplies while advancing the City’s broader efforts to strengthen Seattle’s small business community. Learn more information here.
Speakers:
Mayor Katie B. Wilson, City of Seattle
Beto Yarce, Director, Seattle Office of Economic Development
Chuck Depew, Senior Director, Grow America
Dr. Alveris Brooks Jr., Executive Director, Rainier Valley Community Development Fund
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