April 2021
Issue 46

Doctor Rebuilds Using SBA 504 Program
After Fire Takes Business and Home


SBA 504 Effective Rates for April 2021

25-year3.07% / 3.11% Refi
20-year3.02% / 3.06% Refi
10-year2.70% / 2.73% Refi

Thank you to our Lending Partner on this Project:

In 2016, Jeremy Chatfield started a dental practice in Paradise California. But then in late 2018, the Paradise California wildfires ripped through the whole town and destroyed almost everything, including Jeremy’s dental practice and  home. Rather than start over in California, the Chatfield family decided to relocate to northern Idaho. Also at that time, Jeremy made a slight change in career paths. Instead of starting a new general dental practice, he decided to open a specialized dental sleep apnea and breathing wellness practice.

Dr. Chatfield has practiced dentistry since graduating from Marquette University School of Dentistry in 2003. Although he trained in all aspects of dentistry, he always had a passion for treating patients suffering from sleep breathing disorders. He went through extensive training and educational courses specifically focused on treating the root causes of sleep disorders. His new company, Just Breathe DDS, serves sleep apnea patients from Hayden, Coeur d’Alene, Post Falls, Rathdrum and Spokane County.

Because Dr. Chatfield had to start over, he was not eligible for conventional loan, however, he was able to utilizes the SBA 504 Program through the guidance of Evan Heriot and Washington Trust Bank. The program helped him purchase an office building and the surrounding land while providing him with the ability to renovate the office to fit the needs of his new practice. Now, Jeremy and his family love their new location and are thrilled to live in an area surrounded by beautiful lakes and snowy hills.

Visit Just Breathe DDS at: https://www.justbreathedds.com/

Welcome, Isabella Casillas Guzman!

SBA Isabella Casillas Guzman is now the 27th Administrator of the U.S. Small Business Administration.

She was sworn in on Wednesday, March 17,SBA Administrator Guzman 2021. Administrator Guzman represents the more than 30 million U.S. small businesses and is committed to helping small business owners and entrepreneurs start, grow and be resilient.

As a lifelong proponent of small businesses, Guzman grew up as the daughter of a small business owner and learned at a young age how important small businesses are to the communities they serve, the people they employ, and the economies they help power.

Before SBA, Administrator Guzman previously served as Director of the California Office of the Small Business Advocate. In that role, she served as the voice of small businesses and innovative startups in the 5th largest economy in the world.  She administered and advocated for programs and initiatives to help small businesses access capital, markets, and networks for stronger outcomes.  She and her team helped connect entrepreneurs in every community with the resources needed. As the economic recovery support function coordinator for the state, she focused on resilience and most recently worked to help small businesses access relief during the COVID-19 pandemic.

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

March’s Loan Fundings

NWBDA funded 6 new
projects for the total amount
of $9,593,952.92

March’s Loan Approvals

NWBDA approved 9 new
projects for the total amount
of $18,225,910.00

In the month of March, NWBDA helped
create 31 new jobs
in the local communities

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

Achieving BIG Dreams for SMALL Businesses