NWBDA Newsletters

By innovating and collaborating , Eddyline Kayaks, along with Chinook Enterprises, are able to keep their employees working during this economic crisis while providing their community with the needed equipment.

Congress has passed a $2 trillion coronavirus relief/economic stimulus bill (the CARES Act). The Legislation includes the following provisions impacting the 504 Loan Program:

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.

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.

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.

Read about NWBDA’s 37th Annual Meeting

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

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.

On August 28, 2019, SBA announced the 504 Rural Pilot Program has been extended to September 30, 2021.

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

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

This is the first time ever that the fixed, low rate of the SBA 504 20-Year Debenture has dropped below 4%!