A Revenue-Based Financing Fund by Washington State just launched

Washington State is making waves with a new program: the Revenue Based Financing Fund, launched through their Small Business Credit Initiative (SSBCI). It’s the first fund of its kind I’ve come across—have you seen anything like it elsewhere? If so, I’d love to hear about it in the comments!

This Fund will work with a nonprofit called Grow America and will offer two different types of loans. The loans will range from $10k to $500k, with an exception up to $1m. The total amount dedicated to this fund is $13 million.

Do you agree with what I said in the video, which is that this gives RBF more credibility?

Would you want this offered in your state?