January 2024
Issue 75

2023 Year in Review

SBA 504 Effective Rates for January 2024

25-year6.37% / 6.40% Refi
20-year6.43% / 6.46% Refi
10-year6.54% / 6.58% Refi

NWBDA had an incredibly successful year, playing a crucial role in supporting small businesses’ endeavors to acquire properties, purchase buildings and equipment, and refinance fixed asset loans. Our unwavering goal is to contribute to the success of small businesses, foster overall job growth, and fortify community economic strength. At NWBDA, we envision and strive to fulfill our mission of providing every eligible small business in the Pacific Northwest with access to capital on reasonable terms.

This wouldn’t be possible without the invaluable partnership with our third-party lenders, including banks, credit unions, and other financial institutions. Their collaboration is instrumental, and we express our deepest gratitude for their ongoing support. A standout Lending Partner for us this year has been Heritage Bank, collaborating on 10 loans and making a significant impact on NWBDA’s mission. Their valuable input has played a pivotal role in our success this year.

The SBA remains dedicated to enhancing the 504 program and updating rules to address the challenges faced by small businesses.

We look forward to fostering continued growth and success in the coming year.

2023 Grant Recipients

  • Project Feast
  • Nuestras Raices
  • Auto Repair Transformation
  • The Economic Development Alliance of Skagit County
  • Familias en Acción
  • SCORE (Portland, Seattle, Spokane, and CDA)

$100,000 Disbursed!

Top Third Party Lender For 2023:

Heritage Bank

10 SBA 504 Debentures Totaling $10,893,000 and Total Project Cost of $27,914,468

In 2023:



Loans Approved


Loans Funded


Jobs Created/Retained

Mark Mattke

Mark Mattke

Thrilled to announce the return of Mark Mattke to our board!

Mark, a seasoned professional at the Spokane Area Workforce Development Council, is bringing his wealth of expertise in economic development back to our team. We are so grateful to have him rejoin us!

Pam LaMont - NWBDA - Sr. Credit Analyst

Pam LaMont - 2001-2023

Wishing a joyous retirement to our dedicated team member, Pam LaMont! Pam has been an invaluable part of our workforce, and her absence will be deeply felt. We extend our heartfelt best wishes for success in all her future endeavors.

Mark Mattke

James Doehle

Introducing James Doehle, the latest addition to NWBDA’s team as a Business Development Officer! James will be dedicated to serving the Central/Eastern Washington and North Idaho regions.

Feel free to connect and welcome him at jdoehle@nwbusiness.org or (509) 394-4580.

We’re also thrilled to welcome several outstanding new additions to our team this year: Allison Harvey, Savannah Wilkinson, Lenora Johnson, Cindy Mair, Erica Pitner, David Folsom, and Jazmin Rubalcava!

Western Washington

Elizabeth Rusnak
(206) 930-9173

Southwestern Washington/
North Oregon
Jim Bright
(360) 521-5704


Evan Heriot
(541) 228-5015

Central Washington

Lisa Vincent
(509) 469-5040

Eastern Washington/North Idaho

James Doehle
(509) 394-4580

Western Washington

Mark Beppler
(425) 505-3263

December’s Loan Fundings

NWBDA funded 3 new
projects for a total amount

December’s Loan Approvals

NWBDA approved 2 new
projects for a total amount
of $12,170,440

In the month of December,
NWBDA helped create 22
new jobs
in its local communities

(509) 458-8555 (800)
540-1748 (Toll Free)

Achieving BIG Dreams for SMALL Businesses