Welcome to Northwest Business Development Association. - Northwest Business Development Association

Your Northwest Business Financing Partner
504 Loans

Welcome to Northwest Business Development Association.

Effective Rates Published by NADCO

As of June 2008, 20-year rate is:	6.65%
As of May/June 2008, 10-year rate is:	6.11%

Excitement And Challenges

No one knows better than you the excitement and challenge of running your own business. Helping you grow your business is our business. Whether you're aiming to expand by hiring employees or just starting up, our goal is to help your small business grow. We can share a wealth of knowledge and resources to help your business succeed and even give you a competitive edge by helping you use the SBA 504 loan program.

In the fast-paced world of entrepreneurs, you couldn't pick a better business partner. NWBDA provides assistance with SBA 504 debentures. Plus, it's good to know that by working together, we are building better businesses and stronger communities.

We have two offices to serve you better:

NWBDA - Spokane
9 South Washington, #215
Spokane, WA 99201
Phone: 509-458-8555
Toll Free: 1-800-540-1748
Fax: 509-458-8553

Our Renton Office relocated at the end of January to
roomier facilities to serve you better!

NWBDA - Seattle

15 South Grady Way, Suite 517
Renton, WA 98057
Phone: 425-235-9917 or
425-235-9918
Fax: 425-235-9923

Some pictures of projects on these pages are copyright by the U.S. Small Business Association and courtesy of the Spokane Business Information Center.

Five Mile Automotive Center
The original owner of Five Mile Auto offered to sell this business to one of his long term employees, Steve Schafer. Steve has worked for the shop for over 20 years. Using a 504 loan, he took advantage of the low down payment requirement to purchase the land and building from the former owner. An SBA 7(a)loan was used to help finance inventory and working capital.
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Cathay Inn
In 1998, the Cathay Inn was approved for another SBA Loan through the Northwest Business Development Association. This loan was for demolition, the construction of a new restaurant building and to purchase new furniture, fixtures and equipment. The new Cathay Inn is double in size and now employs over 50 people.
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