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fhesx fund The Fund works with and through local Community Development Financial Institutions (CDFIs), which serve under resourced communities and underbanked businesses the Small Business Flex Fund aims to . There are different types of flex fund accounts. We'll explore those later, but you must be sure to sign up for the right account, since each has a different list of eligible expenses. The new closing time for using expenses is 10 weeks after the last day of the year, so you can actually use the year's funds up until March of the next year. . As Washington state begins to reopen, the Department of Commerce has opened applications for Small Business Flex Fund loans. A business or nonprofit may apply to borrow up to $150,000 from community lenders at an interest rate between 3% - 4.5%, with no fees and interest-only payments for the first year.
fhesx fundThe Flex Fund is a public- private partnership aimed at helping small businesses and nonprofits across Washington state – particularly those in low-income communities – recover and grow as communities across the state reopen for business.
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