Business Funding in Olympia, Washington: Thurston County, WA Facts and Local Resources

ZIP 98501 by the census numbers

ZIP 98501, the ZIP of Aspenhollow Business Capital's address (see the address section below), had 1,458 employer establishments in 2023 with 16,532 paid employees and $981.4 million in annual payroll (U.S. Census Bureau, ZIP Code Business Patterns 2023). 750 of them, or 51.4%, employed fewer than five people.

A ZIP is a postal area, not the city. The City of Olympia, WA covers 22.2% of ZIP 98501's land, and the city itself spreads across ZIP 98501 (42.5% of its land), ZIP 98502 (33.2%) and ZIP 98506 (18.7%) (Census 2020 ZIP-place relationship file). An Olympia, WA mailing address does not always mean a location inside city limits, which is worth confirming with the city.

Downtown shops and stores in Olympia, WA

For downtown shops and downtown stores in Olympia, WA, the Census Bureau does not publish a downtown count, so the ZIP figures are the closest public measure: 155 retail and 163 accommodation and food service establishments in ZIP 98501 in 2023 (ZIP Code Business Patterns 2023). Retail stores can use inventory financing to buy stock ahead of sales; cafés and restaurants can use equipment financing.

Thurston County, WA in census counts

Across Thurston County, WA there were 6,656 employer establishments in 2023 with 86,664 paid employees and $4.63 billion in annual payroll (U.S. Census Bureau, County Business Patterns 2023). 3,600 of them (54.1%) had fewer than five employees, and 5,769 (86.7%) had fewer than twenty.

Separately, 18,681 businesses with no paid employees filed in 2024 (Nonemployer Statistics 2024). Employer and nonemployer figures come from different programs and years and are never added together.

Self-employment: 8.5% of employed Olympia, WA residents worked for themselves (American Community Survey 2020-2024, +/- 1.4 points), split between 4.3% in their own incorporated business and 4.2% unincorporated. The Thurston County, WA rate was also 8.5% (+/- 0.6), below Washington's 9.6% (+/- 0.1).

The biggest sectors and their industry pages

Health Care and Social Assistance led Thurston County, WA with 980 employer establishments and $1.34 billion in payroll; Construction followed with 873 establishments, Retail Trade with 767 and Professional, Scientific, and Technical Services with 704 (CBP 2023). The industry pages break these down: contractors and builders (285 residential building establishments), chiropractors, therapists and optometrists (252 offices) and restaurants (191 full-service and 193 limited-service). All fourteen industries are listed by group.

Commercial property for lease in Olympia, WA

Leasing a space can come before a build-out or equipment request. Partners will want the signed lease or letter of intent, the improvement budget and who pays for what. The post on leasing commercial space in Olympia, WA lays out the order of steps, and the Olympia, WA license guide covers permits and zoning lookups.

Business for sale near Olympia, WA

Anyone looking at a business for sale near Olympia, WA, Thurston County business for sale listings, or restaurants for sale in Olympia, WA meets the same funding question: how to pay for an existing business. Partners look closely at the seller's records: several years of tax returns, bank statements, the lease and the equipment list. A term loan is one structure partners consider; equipment that comes with the sale may be financed separately.

Thurston County, WA business personal property tax

For Thurston County business personal property tax, we do not give tax guidance. The Thurston County, WA official website, co.thurston.wa.us (verified 2026-10-18), is the starting point for county offices.

Records and local help

The Thurston County small business resources guide collects advisers and official offices, and the City of Olympia, WA official website, olympiawa.gov (verified 2026-10-18), is the source for city licensing and permits. Nearby towns are on the areas served page; all six funding options are compared on the comparison page.

Address and contact

Aspenhollow Business Capital is at 614 4th Ave E, Olympia, WA 98501, phone (360) 665-7962. Everything happens over the phone or through the online request. About Aspenhollow explains how we work, and the contact page has the map.

Olympia, WA sectors our partners fund

Aspenhollow Business Capital works with Olympia, WA businesses of most kinds; contractors and construction trades, restaurants and food service, medical and dental practices and retailers and wholesalers that carry stock are common examples. The partner, not the industry, makes the decision.

Documents to have ready

• Business checking statements covering roughly the last quarter or two
• Business and personal tax returns for the latest year
• Photo ID for every owner of the business
• Your articles of organization or incorporation and the EIN letter
• Details of any loans, leases or advances the business already carries
• For equipment, the seller's quote with make, model and price

Each lending partner sets its own list, so treat this as a starting point.

What happens after you reach out

1. Reach us at (360) 665-7962 or through the contact form. When we call back, the first questions are simple: what the funding is for, how long the business has operated and its rough revenue.
2. We walk through the funding types that suit that purpose and the paperwork partners tend to ask for. Nothing goes out until you say so.
3. With your permission, we take the request to lending partners that offer that kind of funding. Each partner reviews it and makes its own credit decision.
4. If a partner makes an offer, you compare the total cost, payment schedule and terms. You are never obligated to accept.

Everything can be handled by phone or online from Olympia, WA.

By Aspenhollow Business Capital · Updated 2026-10-18