Who is NWBDA?
Northwest Business Development Association is a Certified Development Company (CDC). We are licensed by the U.S. Small Business Administration (SBA) to help administer the SBA’s 504 loan program.
We are very proud to play a part in the economic growth and stability of our region. We look forward to continuing to provide loans with fixed, low rates that help businesses grow.
Where is NWBDA?
Northwest Business Development Association is headquartered in Spokane, Washington, but has representatives all over Washington, Idaho and Oregon.
NWBDA is able to conduct business in every county of Washington, 31 counties in Idaho, 17 counties in Oregon and most of Alaska.
NWBDA Mission Statement
The mission of Northwest Business Development Association is to promote small business success, job growth, and community economic strength by serving as the Northwest’s premier resource connecting borrowers and lenders with Government enhanced capital asset financing.
Our vision is to provide every eligible small business in the Inland Northwest access to capital on reasonable terms. We achieve BIG dreams for SMALL businesses!
What is an SBA 504 Loan?
The SBA 504 loan program is a long-term financing tool for economic development within a community.
The SBA 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land, buildings, or equipment.
A Certified Development Company (CDC) is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses.
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2018 Approved Projects
2018 Jobs Created
2018 Funded Projects
“We could not have accomplished this dream without the help of the SBA funds. As a small business that has been leasing space for over 25 years, the ability to build a custom facility for our food processing allows us to grow, employ more people, and improve our communities’ economic health. We truly appreciate this program and hope it is available to many more companies such as ours.”
“As a growing business, expanding into a new location there is a strong need to put cash flow into growing the inventory. With the SBA 504 program, we were able to preserve some of this cash that would otherwise have gone to a down payment for a conventional loan so we could have the inventory in our new store when it opened. Thus without this program, our move may not have happened at all, or we may not have had the product available to new customers when we opened our doors at the new location, which has been a great success.”