SFA is leveraging more capital for small business than ever before - SNAP Financial Access

SNAP Financial Access supports small businesses get started and grow. We have experts on our team to help you develop and execute your eCommerce platform, or help you create and execute a new marketing strategy so you can be more competitive, plus a lot more! The value of a small business working with us is that we can help you plan for the future AND get the funding you need to grow.

What does this mean for YOU?

If you are a small business owner, this is a great time to reach out to SFA. Now there is more money available to lend to you, and we specialize in financing those who could not get approval from traditional lenders.

Also if your business is struggling to reach customers due to Covid-19 closures or restrictions, there are programs at SFA to help you, right now, at no charge.

There are some silver linings to the “covid-cloud” covering us all right now. For a limited time, SFA can provide lower interest rates for existing and new business loans through Dec. 31, 2020.

Check out our local clients list in the Business Directory to see some of the success stories from SFA.

Thanks to these federal grant awards, we now have the ability to lend higher amounts to businesses, and build on our current programs, like consulting at no extra charge to our clients, through our Small Business department.

We are able to lend to more first-time home buyers and support those in danger of losing their homes through our Home Ownership programs.

Building on Our Unique Set of Services

We are a division of SNAP called SNAP Financial Access and have been a Community Development Financial Institution (CDFI) for 15 years. CDFI’s are mission-driven organizations that serve economically under-served communities by offering affordable financial products and services.

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Renee LaRocca, Director of Financial Stability at SNAP Financial Access, is excited about the potential that this can bring to our local businesses.

“SNAP Financial Access supports small businesses to get started and grow. We have experts on our team to help you develop and execute your eCommerce platform, or help you create and execute a new marketing strategy so you can be more competitive, plus a lot more! The value of a small business working with us is that we can help you plan for the future and get the funding you need to grow.”

SFA is the only institution in Eastern Washington to receive funding from the US Treasury

“To me, it affirms how valuable our work is,” says LaRocca. “We fill a unique need in our region. Now we can serve in a greater capacity.”

SFA has the unique ability to give loans and grants to small businesses who may not be eligible for funding from other banks or credit unions. In addition to financial support, SFA has a long-standing business education and consulting program included. Not only can you get the financing your business needs to grow and hire employees, but you get professional advice and support from their staff and consultants included.

We provide financial literacy education, assistance with homebuying, credit building, starting and growing small businesses through the Women’s Business Center. You can learn about all of SFA’s services by visiting snapfinancialaccess.org.

What does the CDFI Fund Do?

The Community Development Financial Institutions Fund (CDFI Fund) plays an important role in generating economic growth and opportunity in some of our nation?s most distressed communities. By offering tailored resources and innovative programs that invest federal dollars alongside private sector capital, the CDFI Fund serves mission-driven financial institutions, like SFA, that take a market-based approach to supporting economically disadvantaged communities.

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While the CDFI Fund does not make loans directly to individuals nor does it directly finance specific projects the CDFI Fund does provide financing to CDFIs throughout the country that, in turn, provide financing to individuals like yourself.

Each business financed, each job created, and each home built represents a critical step in the transformation of a life, a family, and a community. This is real change. This is the CDFI Fund. Discover More >

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