NWBDA Newsletters

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.

Announcing Don Maryon as Upcoming NWBDA President

The CARES Act was enacted on March 27, 2020 and with it came some changes to all new SBA 504 loans funded April through September 2020. Here are the new requirements and changes:

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.