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Capital Access Programs for Small Business

How do Capital Access Programs (CAP) work?

A small business applies for a loan with one of our lender partners listed below and tells them they are interested in the CAP program. The lender will first review the application under conventional business loan criteria. If the loan is not approved under conventional criteria, the lender will determine your eligibility for a CAP loan. If approved, the loan will be enrolled in the CAP program, and the small business will be responsible for paying a loan premium fee determined by the lender and disclosed prior to loan signing.

What are the benefits of CAP for Small Business Owners?

  • Encourages lenders to provide loans to small businesses that they otherwise would not.
  • Gives a business another chance for loan approval if they previously were rejected because of a marginal credit or financial situation.
  • May help a business obtain capital even if they are in an industry that lenders might consider higher risk.
  • Allows a business to keep their relationship at their current bank (if it participates in CAP).
  • May be combined with the Linked Deposit Program through the Office of Minority and Women Business Enterprises, which may result in lower interest.

Who can participate in CAP?

Most small businesses, including non-profits, can qualify for the CAP. 

Are there types of loans that do not qualify?

There are a few purposes that make a loan or line of credit ineligible for enrollment in the CAP, including certain speculative activities and passive real estate investment.  See the Ineligible Loan Purpose List.pdfIneligible Loan Purpose List.pdf.

What types of loans can my business get?

Business term loans and lines of credit which may include:
  • Start-up costs
  • Working capital
  • Equipment and inventory
  • Acquisition, construction, or renovation of a place of business
  • Franchise fees

How do I apply for a loan?

You may apply for a loan with one of our lender partners listed below and tell them you are interested in the CAP program. 

Pacific Continental Bank: 
Name: Thomas Kuljam 
Fortune Bank:   
Name: Ruth Ann Halford                            
Phone:  (206) 254-7284   
Coastal Community Bank:
Name: Greg Starup 
Phone: (425) 258-5299

*There is no program application forms to complete

What paperwork do I bring to the bank?

Banks typically require a business plan and financial statements (including tax returns) from the business owner(s) and for the business itself when receiving a loan request.  If you would like assistance putting these items together please contact one of the organizations listed below.

What other materials are available?

WSBCI Marketing and Information Flyer.pdfWSBCI Marketing and Information Flyer.pdf

Frequently Asked Questions

Q: Does the Capital Access program offer grants?

No, CAP is strictly a loan program

Q: How does the cost of a CAP loan compare to traditional bank loans?
The CAP loans typically carry a higher fee than regular bank loans due to higher risks associated with it.


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