Craft3’s cover photo
Craft3

Craft3

Financial Services

Astoria, Oregon 4,279 followers

Community Crafted Lending.

About us

Craft3 works towards a thriving, just and empowered Pacific Northwest. We offer responsible loans for people, businesses, and communities who struggle to qualify for traditional financing. We work closely with bankers across Oregon and Washington. Bankers refer customers to us when there's a loan they want to make, but can't. Foundations, individual accredited investors, governments, and banks invest in Craft3. They do so because our mission and the impacts of our investments align with their values or mission. Craft3 is an equal opportunity lender, provider and employer. NMLS ID 390159 https://nmlsconsumeraccess.org/

Website
https://bit.ly/43riXBv
Industry
Financial Services
Company size
51-200 employees
Headquarters
Astoria, Oregon
Type
Nonprofit
Founded
1994
Specialties
Small Business Loans, Clean Water Loans, Nonprofit Loans, Loans in Indian Country, Commercial Real Estate, Construction Loans, and Islamic Financing

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Updates

  • View organization page for Craft3

    4,279 followers

    All Staff is a special time for Craft3 to connect around our work and mission and to have fun together. Read our Chief of Marketing Carl Seip, MBA's reflections on our gathering below!

    Last week, Craft3 gathered in Redmond, Oregon, for our annual All Staff meeting. This year’s theme was “Building Tomorrow, Together” - looking ahead to what our customers and communities need from us, and the role each of us can play in meeting those needs. I’ve been to a lot of All Staffs over the years, but this one really did feel different. One of the highlights for me was hearing from a customer we helped open their first brick-and-mortar specialty Asian market. They talked not just about creating a store, but about creating a welcoming space that could feel like a second home for people in their community. That kind of conversation makes the work feel very real. It’s one thing to talk about mission and customer experience in the abstract; it’s another to hear what access to capital can help someone build, and why it matters beyond the transaction itself. A big thank you to everyone on our team who made All Staff happen - especially Renee C., Jeff Hernandez, Maya Cutforth - and to our DJ Steven Phan, who somehow ended up taking requests from the dance floor on the final night. 🎶

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  • When a deal doesn't pencil out for you because of occupancy requirements, it might still work for us. Craft3 can go as low as 25% owner-occupancy, with lower cash-down options. And if current cash flow doesn't support the loan, we can underwrite off of projections and rental income. Find more ways to say "yes" and learn more about making a referral today, link in comments!

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  • Craft3 reposted this

    Beyond proud of our ethical and equitable approach to Islamic Financing and the way Craft3 approaches all our customers with the same grace. This is how we build trust and lift our communities.

    View organization page for Craft3

    4,279 followers

    Access to capital isn’t always just about finding financing. Sometimes it’s about having a lender willing to take the time to understand the business. When Halima Abyan was preparing to open Zart LLC, a culturally-responsive behavioral health facility in Portland, permitting delays had used up her reserves. Moreover, she needed financing that aligned with her Muslim faith. Craft3 worked with Halima to understand her business, refine her financial projections, and structure an Islamic financing deal using a Wakalah structure. Abyan reflects, “Craft3 was supportive, professional, and encouraging throughout the process. Their guidance helped me better understand how to grow and strengthen the business in a sustainable way.” This is what mission-based lending means to us: taking the time to understand our customers and evolving our approach to better serve their needs.

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  • Craft3 reposted this

    I don’t post on here a lot (insert joke here), so when I do, you know it is a big deal. This time, it is to share a $35 million investment that Craft3 is making in the Spokane region.     One thing worth emphasizing about these investments: the scale changes, but good lending still starts in the same place – understanding what someone is trying to accomplish, their unique circumstances, and then whether there’s a financing structure that can work.    That principle applies in a complex New Markets Tax Credit transaction, and it applies when a business is looking for financing to buy equipment, acquire another business or make an investment in growth.    It also explains why banks are such important partners to Craft3. Sometimes a viable request simply doesn’t fit conventional credit policy. A referral to a CDFI can create another path rather than ending the conversation.    These Spokane projects show one end of our financing spectrum. I’m equally excited about the opportunities across the rest of it. A big thanks to our whole team that worked on these projects, particularly Steven Phan, Phoebe Thums, and Megan Hulsey.    #CDFI #EconomicDevelopment #AccessToCapital 

    View organization page for Craft3

    4,279 followers

    The scale of these two Spokane projects is unusual for Craft3. The approach behind them isn’t. Community needs don’t come in one size, and neither does our financing. Our suite of products and programs range from complex New Markets Tax Credit investments in major community facilities to financing for small and medium-sized businesses, including business loans up to $4 million. The common thread is understanding the need and finding a financing path that fits. That also means working alongside banks, not against them. Banks invest in Craft3 and regularly refer viable businesses to us when a financing request doesn’t fit conventional credit requirements. Our $35+ million in Spokane NMTC investments demonstrates one end of what Craft3 can do. Our broader goal is to be a useful capital partner across the region. More from the Spokane Journal of Business: https://bit.ly/46t4Xcn #CDFI #CommunityDevelopment #EconomicDevelopment #NMTC

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  • Access to capital isn’t always just about finding financing. Sometimes it’s about having a lender willing to take the time to understand the business. When Halima Abyan was preparing to open Zart LLC, a culturally-responsive behavioral health facility in Portland, permitting delays had used up her reserves. Moreover, she needed financing that aligned with her Muslim faith. Craft3 worked with Halima to understand her business, refine her financial projections, and structure an Islamic financing deal using a Wakalah structure. Abyan reflects, “Craft3 was supportive, professional, and encouraging throughout the process. Their guidance helped me better understand how to grow and strengthen the business in a sustainable way.” This is what mission-based lending means to us: taking the time to understand our customers and evolving our approach to better serve their needs.

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  • We’re proud to have played a part in bringing Elm Park Learning Center to life in Florence, Oregon, where affordable housing and early care and education come together to support families and strengthen the community. The project adds 72 child care seats in an area where demand significantly exceeds supply. It was made possible in part through a New Center Development grant from the OHCS Co-Location Fund, administered by BuildUp Oregon. Oregon Housing & Community Services (OHCS) recently captured the story of Elm Park in a video featuring housing leaders, experts, and residents. Director of Early Care and Education, Rachel Langford, states about the impacts, "One of the ways we can grow our state's economy is ensuring that child care is accessible and available where working families live." Watch the full video to learn more about Elm Park and the partnerships behind it: https://lnkd.in/gvqguY2s

  • This week, the Craft3 team is coming together for our annual All Staff meeting. As a remote team spread across Oregon and Washington, we value the opportunity to be in the same room to share ideas, learn from each other, and think about how we can continue showing up for the communities we serve. While we're together, our usual response times may be more delayed. We appreciate your patience and understanding!

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  • View organization page for Craft3

    4,279 followers

    Don't miss this free event for business owners and entrepreneurs, held entirely in Spanish! Our Business Specialist Joel Navarrete will attend and share about access to capital , along with Fourth Plain Forward and Business Impact NW. We hope to see you there! ¡No te pierdas este evento gratuito para dueños de negocios y emprendedores, realizado completamente en español! Nuestro especialista en negocios Joel Navarrete asistirá y compartirá sobre el acceso a capital, junto con Fourth Plain Forward y Business Impact NW . ¡Esperamos verte allí!

    ¡Atención propietarios de pequeños negocios, emprendedores y futuros empresarios! Los quiero invitar a EMPRENDE! Feria gratuita para negocios completamente en español. 13 de Octubre 2026 2:00pm - 7:00pm Clark College, Gaiser Hall. Vancouver, WA Este evento está diseñado para ayudar a los negocios conectar y crecer mediante recursos empresariales y talleres. Contaremos con representantes de agencias estatales, la ciudad de Vancouver, y organizaciones locales que ofrecen recursos y apoyo para pequeñas empresas. Regístrate hoy utilizando el código de registro.

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  • Love seeing Ashley Pascale out there building relationships and bringing the CDFI perspective into the conversation. Her reflection on the Oregon Bankers Association Commercial Lending Boot Camp is a great example of how we think of bank referrals—it's a partnership where everyone benefits. Read more about Ashley’s experience at OBA below!

    To my fellow lenders, bankers, and referral partners: saying "no" to a loan shouldn't mean losing the relationship. Just wrapped up a great couple of days at the Oregon Bankers Association (OBA) Commercial Lending Boot Camp. Beyond sharpening my underwriting skills and taking a little time to explore downtown Salem, the highlight was swapping stories with bankers across the region and learning about what kind of deals banks can and cannot do right now. When a local business comes to you with a deal just outside your credit box 📦, you don't have to turn them away or watch them walk to a competitor. As a CDFI, Craft3 funds the high-impact loans traditional banks can't touch. You pass us the financing, but you keep 100% of the deposits, treasury management, and core relationship. We're here to help businesses grow by giving them access to capital, while keeping your client connections intact. It's a partnership. 🤝 It was great meeting everyone at the event! If you have a deal on your desk right now that doesn't quite fit your box, let's chat and make it work.

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  • Thirteen school districts in rural Eastern Washington. Thirty solar installations. Zero dollars up front for the schools. That's the Giving Grid, a partnership between Zero Emissions Northwest (ZEN), Partners for Rural Washington, and Craft3. Colville School District just brought four schools online, projected to save $4 million over the life of the systems. Across all 13 districts, projected savings reach $30 million. The catch: utility incentives repay the project costs, but payment arrive 60-90 days after installation. Craft3 structured a $2.1 million revolving line of credit to bridge that gap across up to seven projects at once, so ZEN can keep moving from one district to the next. ZEN President David Funk: "Craft3 took the time to understand the complex utility incentive structure, our approach with Partners for Rural Washington, and Zero Emissions Northwest's start-up history to create an affordable, replicable, and scalable financing structure. We wouldn't have been able to create the impact here in our communities without Craft3." Watch the video: https://bit.ly/4gU6cHF

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