Small Business Flex Fund Info Webinar

The Washington State Small Business Flex Fund is a new loan program for the smallest Washington businesses and nonprofits affected by COVID-19. To be eligible to apply, small businesses and nonprofits must employ 50 or fewer full-time equivalent (FTE) employees, have annual revenues of less than $3 million per year, and experience a direct economic disruption as a result of COVID-19.

Should you apply? What should you prepare if you decide to apply?

This webinar will provide information about the loan program and application process and help you prepare to apply.  Some of the topics covered will be:

• The Flex Fund
  • Eligibility
  • Loan Size
  • Use of Funds
  • Term & Interest
  • Step by step in the pre-application portal and moving to the lender’s application
  • What is and is not required to apply
  • What will cause a declined application
• Key Parts of a Loan Application
  • Short Form Business Plan
• Underwriting Tips
  • What does a lender look for

About the Presenters:

Steve Burke has 30 years of experience in the property asset management business much of it underwriting small business financials and business plans for commercial leases. His passion is studying current trends in the economy, technology, business tools and techniques and using those to assist small business owners in South Seattle, SODO, West Seattle, Tukwila, Renton and the Eastside areas in a full range of assistance from technology, innovation and reinvention to landlord/tenant issues, business plans, marketing, finance and financing. He has 10 years of experience owning his own business including obtaining SBA loans. He has an MBA from San Diego State University and is looking forward to helping you grow your business.

Jerry Petrick is a WSBDC Certified Business Advisor and Certified Global Business Professional. His ingenuity and wisdom benefit his clients who are both seasoned business owners and new to entrepreneurship. He believes SUCCESS is a continuous journey toward the achievement of predetermined worthwhile goals. He has been with the Washington SBDC since 2012.

Areas of Specialization:

• Strategic Planning Organizational Development
• Human Resources
• Market Research
• Due Diligence Technology focused businesses