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Seattle Small Business Capital Access Program (CAP)
A loan principal paydown program where the City of Seattle pays down 20% of the loan principal (up to $30,000) on qualifying small business loans from participating community lenders. Reduces effective borrowing cost rather than providing direct grants.
About this program
Businesses do not apply for CAP directly — eligibility is determined by participating community lender at time of loan approval. Funded by Seattle's JumpStart Payroll Expense Tax.
Eligibility
For-profit, independently owned businesses located within Seattle city limits, in operation over 12 months, with active Seattle Business License and current B&O tax filings. Especially aimed at businesses with limited access to traditional financing.
Funding Categories
Forgivable Loan