Blended Capital Program – CACCWA Small Business Resiliency Network

CACCWA CRP Blended Capital Program

This initiative offers matching funds to support businesses financially by helping them build assets for operational growth.

Application Open: May 02, 2025
Application Due: May 18, 2025 at 5:00 PM
Information Session Webinar: May 08, 2025 at 6PM. Registration Here

❓Questions can be directed to sreymom.pech@caccwa.org or nathalie.chan@caccwa.org

This funding is made possible through the Community Reinvestment Project, supported by the Greater Tacoma Community Foundation (GTCF) in partnership with the Washington State Department of Commerce SBRN, providing existing small businesses with additional capital to acquire and secure essential assets for operational growth.

Additional Resources

CACCWA BCP Flyer – English

CACCWA BCP Flyer – Khmer

1. Overview

The Cambodian American Community Council of Washington (CACCWA), in partnership with the Washington State Department of Commerce’s Small Business Resiliency Network, the Community Reinvestment Project (CRP), and the Greater Tacoma Community Foundation (GTCF), is excited to launch the Blended Capital Assistance Program.

This program allows CACCWA to continue providing meaningful access to capital for underserved small businesses across Washington. This initiative is designed to provide financial support to small businesses by helping them acquire essential assets to enhance their operations. Whether you need new or upgrade equipment, we’re here to help you make it happen.

2. Program Success So Far

From May to June 2025, the CACCWA CRP Blended Capital Program successfully deployed $33,750 in grants, supporting 19 local businesses across Washington State. These grants have been crucial in providing existing small businesses with additional capital to acquire and secure essential assets for operational growth and stability.

3. Program Highlights

Total Grant Funding Awarded: $33,750
Businesses Supported: 19
Funding Model: Tiered Contribution (Business + CACCWA Partnership)
Max CACCWA Funding per Business: $2,100 (Micro), $1,800 (Small), $1,500 (Medium)

4. How It Works

The program follows a tiered contribution model, where CACCWA provides big partial funding based on business size and financial need, while the business contributes a small percentage of the asset cost. It’s a win-win partnership to boost future operations.

5. How Businesses Used the Awarded Fund

Small businesses used their awards to invest in essential assets that enhance daily operations and support business growth. The Purchases included kitchen upgrades, furniture, mobile food stall equipment, technology devices, beauty and spa tools, and material handling equipment.

These investments help businesses:

✅ Expand product and service offerings

✅ Improve operational efficiency

✅ Serve more customers

✅ Increase sales and revenue

✅ Build long-term resilience

6. Counties & Communities Served

The program has strengthened businesses across five counties, including:

King County (Seattle, Kent, Redmond, Federal Way)
Pierce County (Tacoma, Gig Harbor, Sumner)
Snohomish County (Mukilteo, Everett, Lynnwood)
Clark County (Camas)
Thurston County (Olympia)

For those awarded businesses, there are 11 Asian women-owned businesses, 7 Asian immigrant-owned businesses, and 1 African American-owned business.

7. Tangible Business Outcomes

Increased Revenue – Upgraded equipment allowed businesses to serve more customers efficiently.
Improved Customer Experience – Enhanced facilities led to higher satisfaction and repeat business.
Operational Efficiency – Modern appliances reduced costs and streamlined workflows.
Job Creation – Several businesses expanded their teams due to increased demand.