Washington Mutual kicked off the Kitsap County Community Development Corporation’s (KCCDC) 2005 campaign to increase its Revolving Loan Fund with a $3,500 grant.

Washington Mutual is a strong supporter of the program and donated to KCCDC last year. KCCDC expects other major banks to contribute as they did in 2004 with additional, new support from local community banks, businesses and individuals. KCCDC’s Board of Directors is gearing up for a major fund drive, so that it can help more business owners start up or expand.

The Revolving Loan Fund is to lend money to small business owners who will create or retain jobs for low-income persons. Kitsap County has many people leaving the County for jobs in Tacoma or Seattle with long commutes. More jobs that are available here will help families have more leisure time together and increase our tax base here.

KCCDC is a third-party lender established by Kitsap County Commissioners with funding from Kitsap County and City of Bremerton Community Development Block Grant Program funds. Besides financial assistance KCCDC offers technical assistance in counseling and SBA loan packaging.