NWBDA Newsletters
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.
Issue 37 – July 2020
Announcing Don Maryon as Upcoming NWBDA President
Issue 36 – June 2020
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:
Issue 35 – May 2020
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.
Issue 34 – April 2020
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:
Issue 33 – March 2020
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.
Issue 32 – February 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.
Issue 31 – January 2020
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.
Issue 30 – December 2019
Read about NWBDA’s 37th Annual Meeting
Issue 29 – November 2019
Every year, Northwest Business Development Association hosts an Annual Meeting in where they are headquartered in Spokane Valley, WA.
Issue 28 – October 2019
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.
Issue 27 – September 2019
On August 28, 2019, SBA announced the 504 Rural Pilot Program has been extended to September 30, 2021.