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NWBDA’s list of pandemic-related information, 504 deferments, and resources for small businesses. See List

NWBDA Newsletters


 

Approval Turnaround Times

Approval Turnaround Times

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

SBA Helps Dreams

SBA Helps Dreams

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

Fast Growing Small Business

Fast Growing Small Business

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

Dr Rebuilds Using 504 Loan

Dr Rebuilds Using 504 Loan

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

Sound Cedar Lumber

Sound Cedar Lumber

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.

The Kenmore Team

The Kenmore Team

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

504 Program Relief

504 Program Relief

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

Changes for 2021

Changes for 2021

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 Oregon

NWBDA Expands into Oregon

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

Thank You, Lending Partners!

Thank You, Lending Partners!

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

Loan Payments Update

Loan Payments Update

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

Debt Refinance Program

Debt Refinance Program

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.