NWBDA Newsletters

SBA’s 504 loan approval turnaround times currently average over 22 business days, but NWBDA believes that we will be seeing improved turnaround times soon

The SBA 504 Loan program helped Viviana purchase the building of her grocery store. SBA helps dreams come true!

The SBA 504 Program provided fast growing small business, NanaMacs, the ability to buy the necessary space for them to continue to expand.

Doctor rebuilds his practice using SBA 504 program after the Paradise fire burned down his business and home

Sound Cedar Lumber used the SBA 504 Loan Program to buy their land and building, which was necessary for their long-term ability to operate.

SBA 504 Loan Program Success Story! The Kenmore Team in Tri-Cities utilized the program and bought land and constructed an office building.

Congress has passed a coronavirus relief/economic stimulus bill. The Legislation includes the following provisions impacting the 504 Loan Program.

NWBDA has changes for 2021. Some of which include the retirement of Debbie Shipman and Patty Weaver, and the hiring of Eric Sartell as a BDO.

NWBDA expands into all of Oregon, and can now provide SBA 504 loans to small businesses all over the state.

To Lending Partners, NWBDA has been serving the Inland Northwest since 1981 and we have had the pleasure of working with many lenders.

Here are some reminders for our lenders and our borrowers to prepare for the payments to resume on October 1, 2020:

SBA issued a Notice in the Federal Register for the 504 Debt Refinancing Without Expansion Program announcing a reduction in the required Borrower’s Contribution for Projects involving limited or single purpose buildings during a recession.