Thank you for your interest in applying for funds through the Tacoma Community Redevelopment Authority's Revolving Loan Fund program. This program is intended to assist small and moderately sized businesses located or locating to Tacoma in establishing or growing their business. The goal of the loan program is to stimulate economic development, thereby creating full-time, permanent jobs in Tacoma. This program is designed to fill the gap that conventional financing leaves behind. A micro-loan is defined as any loan amount for $25,000 or less.
These funds are federal pass-through funds. As such, if your business is provided a loan through this program you agree to certain federal and City of Tacoma regulations and requirements. These include, but are not limited to, the following: pulling of a credit report for the purpose of evaluating the loan application; the creation of permanent jobs; quarterly and annual financial and job creation reports to the City of Tacoma; a DUNS number; registration in the federal System for Awards Management (www.sam.gov); an Environmental Review in compliance with the National Environmental Policy Act (NEPA), where applicable; and payment of prevailing wages, where applicable;
Please be aware that the following is a preliminary application only and it’s highly likely that you will be asked to provide additional information to allow the TCRA to fully consider and/ or underwrite your loan application.
For assistance with this application please contact City of Tacoma Community & Economic Development staff member Dierdre Patterson at (253) 591-5621 or RevolvingLoanFund@Tacoma.gov
Checks to cover the $50 application fee should be made out to TCRA.
Thank you for your interest in applying for funds through the Tacoma Community Redevelopment Authority's Revolving Loan Fund program. This program is intended to assist small and moderately sized businesses located or locating to Tacoma in establishing or growing their business. The goal of the loan program is to stimulate economic development, thereby creating full-time, permanent jobs in Tacoma. This program is designed to fill the gap that conventional financing leaves behind. A micro-loan is defined as any loan amount for $25,000 or less.
These funds are federal pass-through funds. As such, if your business is provided a loan through this program you agree to certain federal and City of Tacoma regulations and requirements. These include, but are not limited to, the following: pulling of a credit report for the purpose of evaluating the loan application; the creation of permanent jobs; quarterly and annual financial and job creation reports to the City of Tacoma; a DUNS number; registration in the federal System for Awards Management (www.sam.gov); an Environmental Review in compliance with the National Environmental Policy Act (NEPA), where applicable; and payment of prevailing wages, where applicable;
Please be aware that the following is a preliminary application only and it’s highly likely that you will be asked to provide additional information to allow the TCRA to fully consider and/ or underwrite your loan application.
For assistance with this application please contact City of Tacoma Community & Economic Development staff member Dierdre Patterson at (253) 591-5621 or RevolvingLoanFund@Tacoma.gov
Checks to cover the $50 application fee should be made out to TCRA.