Washington Business Loans

Washington State’s prosperous economy has a variety of different industries that contribute to the state’s economic success. Located in the Pacific Northwest, Washington thrives in both the agriculture and manufacturing industries. There are a large number of businesses and jobs in science, technology, engineering, and mathematics. Washington is home to major corporations such as Amazon, Expedia, and Boeing that are key contributors to the local economy. With one of the healthiest economies in the country, small and medium sized businesses throughout the state have a unique opportunity to scale their businesses.Large and small business loans Washington State allow business owners to expand and operate their businesses efficiently.

Washington has one of the top technology industries in the country, which attracts new businesses and provides a large amount of jobs to the state’s economy. The aerospace industry has well over 1000 businesses that operate throughout the state including major corporations such as Embraer and Boeing. In these industries there are a lot of upfront expenses and companies rely on WA business loans to cover these costs. SMB Compass provides small business financing in Washington to help operate and expand these businesses.

Washington is at the forefront of the clean energy surge in this country, the state is working to find renewable and sustainable energy sources. There is an assortment of businesses in this industry that focus on wind, biofuel, and solar to find these different sources of energy. While clean energy is at the forefront of Washington’s priorities, the state’s economy has always relied on producing raw timber products and has over 1500 companies in this industry. Equipment financing and WA state small business loans are used to purchase new machinery and take advantage of new opportunities.

Washington is home to over 39,000 farms that are responsible for producing and shipping hundreds of different products. Food production supplies over 100,000 jobs to Washington’s economy, with a strong emphasis on apples, raspberries, and cherries. They often use small business financing in Washington to help with inventory and labour expenses that are common in these industries. SMB Compass provides small business loans Washington State to a wide range of industries and businesses.