Financing

There are numerous funding sources available for new and existing businesses. The following links can assist you in finding the type of assistance that is best for your business. Some options available are grants, low-interest loans, incentives for expanding businesses, Yakima Renewal Community incentives and more…

Loans and Other Programs

Small Business Administration – SBA 504 Loan

Rural Community Development Resources – offers a microlending loan program for qualifying Yakima County businesses

Washington Technology CenterResearch & Technology Development Grants (RTD Program)

Incentives for Expanding Businesses and Manufacturers -

Grants

There is a misconception that there are government funds available to finance the start up of a business.  We’ve seen the infomercials and workshops advertised that if you pay a fee, attend a class or buy a book, you will have the key to FREE money.  Unfortunately there is no such thing as free money.  If it sounds to good to be true, it probably is.

The fact about grants is they are not readily available and those that might be out there are difficult to obtain, especially if you are looking to completely finance your start-up capital or operating costs.

If you are a non-profit or a for-profit in certain fields such as research and development or technology, there may be some resources available:

Grant Writing – Washington State Department of Community, Trade and Economic Development Business Finance Unit

Read ‘The Myth of Free Government Money’