NWBDA Newsletters
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
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
The SBA 504 Loan program helped Viviana purchase the building of her grocery store. SBA helps dreams come true!
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
Doctor rebuilds his practice using SBA 504 program after the Paradise fire burned down his business and home
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
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
Congress has passed a coronavirus relief/economic stimulus bill. The Legislation includes the following provisions impacting the 504 Loan Program.
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 all of Oregon, and can now provide SBA 504 loans to small businesses all over the state.
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
Here are some reminders for our lenders and our borrowers to prepare for the payments to resume on October 1, 2020: