Telework Loans
Loan Facts
- Loans up to $10,000 with maximum of $50,000 for well established businesses.
- The interest rate is 4.75% to 6.00% depending on the application
- Loan terms can range up to 5 years depending on the business equipment purchased and the borrower's ability to pay.
Eligibility
- Washington residents of all ages with disabilities of all types, including seniors with age-related functional limitations, are eligible.
- The loan must be used for business equipment needed for home based employment (or related education/training) as an employee or business owner on a full or part-time basis.
- You must submit an Employee-Employer Agreement or a Business Plan with a Telework Application. WATF staff will help you get started on these items.
- Click here for a loan application checklist to find out if you are ready to apply.
Sample Payment Schedules
Use the chart below to estimate what your monthly payment may be:
|
|
1 year
|
2 years
|
3 years
|
4 years
|
5 years
|
|
$2,000
|
$172
|
$89
|
$61
|
$47
|
$39
|
|
$4,000
|
$344
|
$177
|
$122
|
$94
|
$77
|
|
$6,000
|
$518
|
$266
|
$183
|
$141
|
$116
|
|
$8,000
|
$688
|
$355
|
$243
|
$188
|
$155
|
|
$10,000
|
$861
|
$443
|
$304
|
$235
|
$193
|
Approximate monthly loan payments assuming a 6.00% interest rate
How to Apply
More Questions? If you still have questions, you can view our Frequently Asked Questions or call Kathy Gilman at (206) 328-5116.
