Hey there WaFd Community Contacts,

If you have businesses you’re serving or know of in your community that need short term relief, please check out our business lifeline.  It’s a 90 days interest free loan up to $200K to businesses with 10% or greater drop in revenue (details below).  WaFd is trying to respond quickly to the COVID-19 crisis and help our communities who are being impacted by all the closures.  If it fits for a business owner you know please share!

Criteria

• Loan up to $200K based on revenue (can be expedited up to $30K)
• Zero % for first 90 days then adjusting to market rate
• Interest only payments after first 90 days
• Business must be 2+ years old
• Business must have experienced a 10% or greater drop in revenue
• Online application

Webpage Link: 

https://www.wafdbank.com/business-banking/coronavirus-business-line-of-credit

Thanks,

Caleb Stephens

Community Development Manager/CRA Officer

425 Pike Street, Seattle, WA  98101

206-777-8340  |  @WAFDbank

caleb.stephens@wafd.com  |  washingtonfederal.com

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