NWBDA Teams

SBA 504 Effective Rates for May 2026

25-year – 5.95% Standard / 5.95% Refi / 5.71% Manufacturing
20-year – 6.01% Standard / 6.01% Refi / 5.76% Manufacturing
10-year – 5.87% Standard / 5.88% Refi / 5.57% Manufacturing

At NWBDA, the success of each small business project is driven by our dedicated team of professionals who guide projects from approval through maturity/payoff. The 504 program structure is designed to provide expertise at every stage of the lending process, ensuring accuracy, efficiency, and exceptional service for our borrowers and lending partners. This depth of support is made possible through a coordinated, team-based approach. We are proud to highlight the internal NWBDA teams whose collaboration, subject-matter expertise, and commitment to service to make this work possible.

Our Processing Team

The Processing Team plays a vital role in supporting SBA 504 projects at their earliest stages. Working closely with our Business Development Officers, this team is responsible for compiling and reviewing all required documentation, confirming program eligibility, extensive financial underwriting, and preparing each loan package for submission to the Small Business Administration (SBA). Their analysis, attention to detail, and commitment to accuracy help ensure every project advances efficiently and smoothly toward SBA approval.

Our Closing Team

Once SBA issues the Terms & Conditions, the responsibility for the project transitions to the Closing Team. The Closing Team then takes over the project and oversees all aspects of closing and funding. This team coordinates closely with borrowers, lenders, title companies, and lawyers to facilitate the execution of all necessary documents and satisfy closing requirements. Their careful management ensures that each loan is completed accurately, efficiently, and in full compliance with program guidelines, culminating in the successful funding of the loan through the SBA.

Our Servicing Team

The Servicing Team provides ongoing support throughout the life of the loan. From ongoing account maintenance, to borrower assistance, this team ensures a consistent and responsive experience long after closing. Their commitment to service helps borrowers successfully manage loans from initial repayment through maturity/payoff.

All of NWBDA’s teams plays a key role in delivering a seamless SBA 504 lending experience. Through collaboration, expertise, and a shared commitment to service, our staff works to support the growth and success of the small businesses we serve.

E. & Central Washington/N. Idaho
John Bigovich
jbigovich@nwbusiness.org
(509) 425-6188

In the month of April​,
NWBDA helped
create 6 new jobs
in the local communities

info@nwbusiness.org
www.nwbusiness.org
(509) 458-8555
(800) 540-1748 (Toll Free)

Achieving BIG Dreams for SMALL Businesses