NWBDA Newsletters


 

HopeWorks – Grant Recipient

HopeWorks – Grant Recipient

NWBDA is delighted to provide HopeWorks with a grant! They create and operate social enterprise businesses designed to provide paid training programs for low income residents.

Approval Cap for the 504

Approval Cap for the 504

The SBA 504 Loan Program has reached its authorized approval cap of $7.5 billion for the fiscal year (through September 30, 2021).

504 Debt Refi Changes

504 Debt Refi Changes

SBA has published its official guidelines for the 504 Debt Refi Program, which applies the changes that were proposed in the Economic Aid Act

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.