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Strategic Asset Acquisition Program (SAAP)

Empowering Native Businesses to Build Intergenerational Wealth

The Northwest Native Chamber , in partnership with the Washington State Department of Commerce, proudly presents the Strategic Asset Acquisition Program (SAAP)—a transformative grant initiative designed to support Native-owned businesses in Washington. With $674,000 in funding, SAAP helps entrepreneurs acquire critical high-value assets to expand their operations and foster long-term sustainability.

Grant Overview

SAAP offers funding for:
  • Land purchases to operate or expand your business.
  • Equipment acquisition to boost capacity and efficiency.
  • Down payment assistance for retail or studio spaces.
  • Infrastructure investments critical to operations.
In addition to funding, every recipient will receive one-on-one technical assistance tailored to your business needs. Support includes:
  • Capital coaching
  • Business plan development
  • Legal and financial management guidance

Eligibility, Timeline, and Requirements

Eligibility 

To qualify, you must:

  • Be a for-profit business registered in Washington State.
  • Use the funding for eligible high-value asset purchases that increase your business’s scope and sustainability.

Examples of Qualifying Projects

  • land purchase to operate business
  • equipment purchase for business
  • down payment assistance on retail or studio space to operate business
  • infrastructure purchase for business
  • paying down existing business loan that was used for asset acquisition

Examples of Projects that DO NOT Qualify

  • program development (e.g. creating a workforce development training program)
  • hiring/training of employees or paying salaries
  • marketing materials for the business (e.g. building a website)
  • any personal purchases (e.g. personal vehicle, home mortgage/repairs, etc.)
  • misc. working capital/operations (e.g. small equipment purchases, maintenance, rent etc.)

How To Apply

Prepare for success:
  • Gather required documentation (tribal ID, income verification, business financials, and a detailed implementation plan).
  • Attend our Application Support Webinar on December 11, 2024, to gain insights and guidance.
 
Register Now for the webinar!

Resources for your SAAP Application

SAAP Contact Form

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