January 2022
Issue 55

Small Business Utilizes Energy Reduction Public Policy Goal



SBA 504 Effective Rates for January 2022

25-year3.22% / 3.23% Refi
20-year3.07% / 3.09% Refi
10-year3.07% / 3.10% Refi

Thank you to our Lending Partner on this Project:
Peoples Bank

Founded almost 40 years ago, Kiddie Academy is an educational childcare center located in Seattle, Washington. Their mission is to shape, fuel, and nurture children’s natural curiosity.

When Kiddie Academy was provided with the opportunity to buy the building that they were leasing in Seattle, they turned to NWBDA and the SBA 504 Loan Program to purchase the land, the building, and make building improvements. Kiddie Academy was able to significantly lower their monthly building payment because of the low interest rate and the long loan term offered by the 504 program.

They were also able to utilize the SBA 504 Program’s Energy Public Policy goal by replacing the building’s HVAC system and providing an efficiency report that demonstrated an energy savings of at least 10%. Having these energy savings waived the job requirement for the 504 program, although they still plan to hire 10 new employees, and also increased the 504 loan amount cap.

Now, Kiddie Academy is able to focus on growing their small business and providing excellent childcare services to the people of Seattle.

Visit their website: https://kiddieacademy.com/academies/seattle-at-queen-anne/

About the Energy Public Policy Goal:

Go Green with the SBA 504 Loan Program!

Reduce by 10%:

Reduce existing energy consumption by at least 10%
or retrofit your existing facility to reduce the
energy consumption by 10%


Renew by 15%:

Upgrade with a renewable energy sources such as a
micro power system, or a renewable fuel producers.
Common technologies include Solar PV, Solar
Thermal or Ground Source Heat Pumps.


Borrowers who meet the Energy Public Policy Goal can:

  • increase per project limit by $500,000 for a total of $5.5 million per project, and
  • may raise the total outstanding debenture cap from $5 million to $16.5 million by achieving green status on each new project, and
  • the SBA job creation requirement will be waived.


Learn More: http://ow.ly/8gmc50HkAkQ

Eastern Washington/
Northern Idaho
Eric Sartell
(509) 904-5169

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

Western Washington

Elizabeth Rusnak
(425) 286-6673

Central Washington

Lisa Vincent
(509) 469-5040

Greater Portland Metro Area/
North Oregon Coast
Mike Miller
(503) 746-1805

Willamette Valley, Central,
Eastern & Southern Oregon
Evan Heriot
(541) 228-5015

Western Washington

Mark Beppler
(425) 505-3263

December’s Loan Fundings

NWBDA funded 11 new
projects for the total amount
of $37,653,015.00

December’s Loan Approvals

NWBDA approved 6 new
projects for the total amount
of $5,488,132.00

In the month of December,
NWBDA helped create 57
new jobs
in the local communities

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

Achieving BIG Dreams for SMALL Businesses