April 2023
Issue 66

Small Business Buys Building They Leased for Over 20 Years


SBA 504 Effective Rates for April 2023

25-year5.88% / 5.90% Refi
20-year5.96% / 5.98% Refi
10-year6.78% / 6.45% Refi

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

American Cabinet Doors, Inc. was established in 2000 by Cory and his family as a cabinet door manufacturing company. American Cabinet Doors make custom cabinets and uses nothing but the finest materials and expert craftsmanship to assemble them. The business has a reputation of reliable and quality cabinet doors, because they strive for perfection and promise complete customer satisfaction with each door. Demand for custom cabinets is very high and only growing more, even during the pandemic, because of the increasing need for houses and remodels.

Cory has served as President and the General Manager since the inception of the business and he leads a hard-working team of long-term reliable staff who are very experienced.

American Cabinet Doors had leased and occupied their multi‐use office and warehouse since 2000. During that time, they provided their own maintenance and upkeep on the property.

Small Business Buys the Building

After being in the same building for over 20 years, Cory and Donielle desperately wanted to buy the building they were leasing to control occupancy costs and to ensure they were able to keep the building and location. Cory kept requesting the owner to sell it to them and, after a long while, he finally gave in to Cory’s plea to buy. They closed in 2021.

Cory and Donielle were able to utilize the low down-payment the SBA 504 Program offers, along with the low monthly payment (because of the 25 year term) and become their own landlords.

“The biggest benefit to our business is long term stability. Being able to buy the property with NWBDA/SBA & Heritage Bank’s help allowed us to do what we wanted, including restructuring inside of the building to increase manufacturing flow and add equipment. 

We were able to add the Dove Tail Drawer Box product line to respond to demand. We continue to grow and have increased gross margins while adding 4 employees.”Cory, Owner

Visit Their Website: https://americancabinetdoorsinc.com/

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

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

Western Washington

Elizabeth Rusnak
(206) 930-9173

Central Washington

Lisa Vincent
(509) 469-5040


Evan Heriot
(541) 228-5015

Western Washington

Mark Beppler
(425) 505-3263

March’s Loan Fundings

NWBDA funded 6 new
projects for a total amount

March’s Loan Approvals

NWBDA approved 5 new
projects for a total amount
of $16,464,402

In the month of March,
NWBDA helped create 19
new jobs
in its local communities

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

Achieving BIG Dreams for SMALL Businesses