MEDIA ADVISORY
For Immediate Release
Contact Information
Eric Moss
Phone: 206-640-7090
Email: eric.moss@seattle.gov
THURSDAY, OCTOBER 29, 2026
Seattle Small Business Capital Access Program
Seattle small business loan program lowers interest rate to a fixed 4%
Seattle - At 9:00 AM on THURSDAY, OCTOBER 29, 2026, Mayor Katie B. Wilson will announce changes to the Small Business Capital Access Program.
Press interested in attending should RSVP to eric.moss@seattle.gov.
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WHEN
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9:00 AM, THURSDAY, OCTOBER 29, 2026
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WHERE
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For location details please RSVP to Eric Moss at eric.moss@seattle.gov.
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WHO
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Mayor Katie Wilson
Cindy Le, Owner, Le’s Deli and Bakery
Beto Yarce, Director, Seattle Office of Economic Development
Chuck Depew, Senior Director, Grow America
Dr. Alveris Brooks Jr., Executive Director of Rainier Valley Community Development Fund
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Project at a glance:
- The Seattle Office of Economic Development and Grow America are revamping the Capital Access Program to provide Seattle small businesses with financing of up to $350,000 at a fixed 4% rate for the life of the loan.
- Six local CDFIs and credit union lending partners are participating in the program.
- The Capital Access Program offers an affordable alternative to other mainstream lending options, allowing small business owners to borrow the capital they need to grow their business, even if they have struggled to access traditional financing.
- This is one part of a broader push by the City to support Seattle small businesses.
- OED is hosting a press event on Thursday, October 29 in partnership with Mayor Katie Wilson’s office and Grow America to announce the updated program.
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