About this programme
Business Impact NW is a CDFI-certified lender working across Alaska, Idaho, Oregon and Washington, in both rural and greater metro areas. Its stated mission is ensuring all business owners have an equal opportunity to succeed, with a particular focus on funding underbanked populations, including socially and economically disadvantaged owners.
Beyond lending, the organization runs free business coaching, free and low-cost classes and trainings, networking events, capital readiness services, food and farm business services, and Women's Business Centers in Alaska, Idaho and Washington.
How it works
Small business loans range from $5,000 to $750,000, and commercial real estate loans go up to $1,500,000. Interest rates average 11% to 13%; the organization is upfront that this is higher than a traditional bank, explaining it takes on risk that most banks won't.
A dedicated $1.2 million fund is set aside for eligible businesses in the Fourth Plain area of Vancouver, Washington, on top of Business Impact NW's other loan options available across its four-state territory.
After submitting the required documentation, borrowers get a response within 7-10 business days. A loan officer then customizes the loan structure, and the full application process typically takes 4-6 weeks. Applicants who aren't approved are referred to the organization's free improvement resources.
Who can apply
Open to small business owners in Alaska, Idaho, Oregon and Washington at every stage, from startups to established businesses, with priority given to socially and economically disadvantaged owners.
Businesses in the Fourth Plain area of Vancouver, Washington can draw on the dedicated $1.2 million fund for that area.
How to apply
- Submit the required documentation for review; expect a response within 7-10 business days.
- Work with a Business Impact NW loan officer to customize the loan structure.
- Complete the full application process, which typically takes 4-6 weeks.
- If not approved, you are referred to Business Impact NW's free improvement resources.
Frequently asked
How much can I borrow?
$5,000 to $750,000 for a general small business loan, or up to $1,500,000 for commercial real estate.
What interest rate should I expect?
Rates average 11% to 13%. Business Impact NW says this is higher than a traditional bank because it takes on risk that most banks won't.
How long does approval take?
A response to your documentation comes within 7-10 business days, and the full application process typically takes 4-6 weeks.
What if I'm not approved?
You are referred to Business Impact NW's free business improvement resources rather than simply turned away.
Is there special funding for Vancouver, Washington businesses?
Yes, a dedicated $1.2 million fund exists for eligible businesses in the Fourth Plain area of Vancouver.
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Reviewed 2026-09-25. Programmes change, so check eligibility, amounts and deadlines on the official page before you apply. CapEasy is a private firm and is not part of any government body.