Learn about SBA COVID-19 Relief Programs. Learn More

NWBDA’s list of pandemic-related information, 504 deferments, and resources for small businesses. See List

NWBDA Newsletters


 

Counseling Group Pivots

Counseling Group Pivots

Brightways Counseling Group pivots their clinic during the pandemic to help their clients and utilizes the 504 program to buy their buildings

Achieved Energy Goal!

Achieved Energy Goal!

Kiddie Academy was able to utilize the SBA 504 Program’s Energy Public Policy goal by replacing their building’s HVAC system.

2021 Highlights for NWBDA

2021 Highlights for NWBDA

2021 was a successful year for NWBDA and we were able to help a lot of small businesses. See the highlights of our year –

Thai Bamboo

Thai Bamboo

Tom and May turned to the SBA 504 program to help finance their 3rd Thai Bamboo restaurant construction project with NWBDA.

EDASC- Grant Recipient

EDASC- Grant Recipient

NWBDA is delighted to support Economic Development Alliance of Skagit County (EDASC) as they provide entrepreneurial support and workforce development.

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