Wait List Information

RCW 43.86A authorizes the Office of State Treasurer (OST) to make up to $175 million available for the Linked Deposit Program. See 2008 Legislative Changes for increased fund amount for minority and women business enterprises and new funding for veteran-owned businesses. When the program operates at its authorized capacity, a wait list is in place.  Contact The Office of State Treasurer for up to date information on any wait list. Currently, the LDP can fund interest rate reductions on a maximum of $175 million of loans at any given time.

When a wait list exists, financial institutions wishing to enroll loans to the program should continue to submit the Loan Enrollment form to The Office of Minority and Women’s Business Enterprises OMWBE) for certification verification and loan eligibility. However, verification of certification and loan eligibility does not mean the loan will receive funding through the Linked Deposit Program on any specific date. Participating banks should not automatically add new loan amounts to their monthly reports unless contacted by OST.