​The Small Business Administration to provide small businesses impacted by COVID-19 up to $2 million in disaster assistance loans. If your small business has been affected by COVID-19 you can apply for SBA disaster assistance. Learn More

In response to COVID-19 outbreak and the financial impact it is having on our borrowers, we have put together some options for your consideration. Please Review

Scams that play on fears related to the novel Coronavirus outbreak are on the rise. Take extra caution during this time.

NWBDA Newsletters


 

Issue 33 – March 2020

Issue 33 – March 2020

SBA has reinstated the Personal Resources Test for 504 and 7(a) Loan Programs to aid SBA Lenders in determining whether an Applicant has access to ‘credit elsewhere’. This test will go into effect on March 11, 2020.

Issue 32 – February 2020

Issue 32 – February 2020

Getting turned down for a commercial loan is devastating, but getting a loan that you aren’t fully prepared to repay is no picnic either. That’s why the business advising services of the Washington Small Business
Development Center (SBDC) can be so important.

Issue 31 – January 2020

Issue 31 – January 2020

Pure Bliss Desserts is a thriving scratch bakery in Bellingham, WA offering a unique experience by serving perfectly paired coffee, tea, beer and wine to complement its veritable dessert offerings.

Issue 29 – November 2019

Issue 29 – November 2019

Every year, Northwest Business Development Association hosts an Annual Meeting in where they are headquartered in Spokane Valley, WA.

Issue 28 – October 2019

Issue 28 – October 2019

SBA has released annual fees for 504 loans that will be approved in the fiscal year 2020. These annual fee changes will help keep the monthly rates lower.

Issue 26 – August 2019

Issue 26 – August 2019

Chuckanut Cheesecakes was growing out of its building. They needed to buy a larger facility to continue growing….

Issue 25 – July 2019

Issue 25 – July 2019

Grant Williams knew he needed to purchase the leased property when it went up for sale…

Issue 24 – June 2019

Issue 24 – June 2019

Theatres Northwest, Inc. needed to relocate their existing Chuck E Cheese franchised operation into a newer, more efficient location…

Issue 23 – May 2019

Issue 23 – May 2019

Vince had leased the Alpine Haus’ current building since 1990. But then unexpectedly, the property was listed for sale…