Our Featured Story:
Community Development in Portland, Oregon
Christian Navarra and Dan Hart are well versed in the complexities of operating bars and restaurants. When the opportunity arose to purchase the real estate for one of their locations, they turned to NWBDA for assistance.
Since 2009, Christian and Dan have opened two German themed restaurants and a Gastro Pub in Portland. The credit request included financing for the acquisition of the existing Prost! building and two adjacent properties – a food cart pod and a single family home. The acquisition of the food cart pod and common area allows for expansion of the Prost! outdoor Biergarten, and the single family home has been converted to office space and storage for the partners’ growing business.
“ NWBDA wasn’t intimidated by the complexity involved with this opportunity. Mark assured me he would be there every step of the way, and as the process unfolded, he explained to me what was happening in a language I understood. This financing allowed us to take control of the Prost! property, expand our existing business, and provide operating efficiencies across all of our business locations. In fact, we just celebrated our largest ever Oktoberfest thanks in part to the new space we can now utilize.” – Christian Navarra
NWBDA was able to navigate the SBA 504 loan process and provide Christian and Dan with the real estate acquisition financing necessary to allow them to remain in their current location and provide for future expansion and growth opportunities.
SBA 504 Effective Rates for March 2018
20-year – 4.92% / 4.96% Refi
10-year – 5.10% / 5.13% Refi
Women’s History Month
Did you know?
30 years ago the H.R. 5050, The Women’s Procurement Act, was passed, which meant that women no longer needed a male co-signer.
Now, more than 9.4 million firms are owned by women, employing nearly 7.9 million people, and generating $1.5 trillion in sales as of 2015 (source: https://www.nawbo.org/resources/women-business-owner-statistics)
Find resources to start or grow women-owned businesses at SBA’s Website
National Small Business Week is coming soon!
Be sure to get your resources and plan for the event and keep an eye out for the announcement of the
Small Business Person of the Year for your state!
Find your information at: www.sba.gov/nsbw/
(800) 540-1748 (Toll Free)
In the month of
February, NWBDA helped
create 13 new jobs in the