CDFI Small Business Loan Program

Kitsap Credit Union offers a CDFI Small Business Loan Program for business owners who may be credit challenged, cash flow challenged, or have limited time in business.

Loan options

Business Line of Credit: up to $20,000, with a 12-month term, for businesses that need capital or operating cash.

Business Equipment Loan: up to $20,000, with up to 80% loan-to-value (LTV).

Business Vehicle Loan: up to $30,000, with up to 100% LTV for passenger vehicles and up to 80% LTV for commercial vehicles.


Who the program is for?

The business must be located in Washington state. A Social Security number is required for all owners with 25% or more ownership. Nonprofit organizations are not eligible.

All loans must be repaid and follow the same payment expectations as any other KCU loan. The program is available for a limited time and subject to funding.


How we work with you

We take a relationship-focused approach. We will talk with you about your business, what is working, what is challenging, and why you are seeking financing. If repayment ability is not clear today, we look at how the financing would improve your cash flow going forward. We generally ask borrowers to move their full business operating account to KCU. This gives us better visibility into cash flow and lets us support your business over time.

What to have ready before you apply

  1. If cash flow is a challenge for your business, prepare financial projections with clear assumptions. This includes a minimum 2 years profit and loss forecast and a cash budget, along with a short explanation of how you developed your numbers. This is the most important item. We will use it to understand whether the financing will strengthen your business cash flow and support repayment.
  2. A clear purpose for the funds. Be ready to explain what you plan to buy and how it will improve your business's financial position.
  3. Income documentation including two years personal tax returns and up to two years business financials, which may include tax returns, profit and loss, and/or balance sheet.
  4. Basic business and owner information.


Need help preparing documentation?

Free or low-cost local small business support is available:


Financial Projections Worksheet

We recommend this Financial Projections Worksheet. We accept other formats as long as the assumptions behind your projections are clearly explained.


Ready to apply?

Upload the documentation above securely and then apply online at kitsapcu.org/cdfiapplication.

Approval is subject to credit approval, program underwriting requirements, and additional documentation. We are an equal opportunity lender.