The Cambodian American Community Council of Washington (CACCWA) has announced updates to its Small Business Resiliency Loan (SBRL) Program, aimed at assisting Cambodian American businesses across Washington state.
Since its launch in May 2024 and successful wrap-up in October 2024, the SBRL program has secured over $384,000 to help 15 businesses.
The program offers low-interest loans ranging from $500 to $25,000 with repayment terms of 12 to 24 months. A unique feature allows borrowers to receive a grant equal to the loan amount upon repayment, providing additional resources for business growth.
Businesses benefiting from the program include restaurants, nail salons, grocery stores, donut shops, and coffee shops, with funds used for inventory expansion, debt repayment, update new equipment, and digital marketing efforts.
This program, created with support from the Washington State Department of Commerce and GoWest Foundation, highlights CACCWA’s dedication to helping small businesses overcome barriers to capital access. CACCWA says it plans to introduce more initiatives like SBRL to continue supporting local small businesses.
For businesses seeking assistance, reach out to CACCWA’s team members:
Sreymom Pech sreymom.pech@caccwa.org or
Nathalie Chan nathalie.chan@caccwa.org.