$1 million from Treasury means business on the North Olympic Peninsula

PORT ANGELES — North Olympic Peninsula entrepreneurs and nonprofit representatives alike on Thursday applauded the awarding of $1 million to an agency they said helped them get started or expand.

Each of them had received financial assistance from ShoreBank Enterprise Cascadia, based in Illwaco, which received $1 million from the U.S. Department of Treasury — the largest amount the agency distributed this year.

Kathy Charlton, Olympic Cellars owner, said a loan from ShoreBank in 2005 allowed her to expand her business beyond the Peninsula.

“The loan helped me make it happen,” she said.

“I went to them because they focus on small businesses.

“They have the expertise.”

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