Northwest Business Development Association

The SBA 504 interest rates decreased this month! It's time to take advantage of these rates & the numerous benefits of the program, such as a low down payment and long loan terms to keep the overall monthly payment lower, to #finance your #smallbusiness fixed asset! Use our loan calculator to see what the payment might be: http://ow.ly/463r50IgfhW

The deadline for SBA's T.H.R.I.V.E. has been extended to May 10th! Don't pass up this opportunity to expand your #business and glean insights from local experts—all classes come at no cost! T.H.R.I.V.E. Emerging Leaders Reimagined is an intensive executive-level training program to accelerate the growth of high potential small businesses. Developed by the SBA, T.H.R.I.V.E. helps business owners become more effective leaders, learn how to acquire financing, scale their revenue, and leverage networking with other #entrepreneurs. Through the program, participants develop a three-year growth plan that provides a roadmap for achieving their company’s unique goals. Apply Today: https://sbathrive.com/

We love helping #smallbusinesses grow and create jobs in our local communities! Through the SBA 504 Program in April, NWBDA was able to assist local businesses create 31 new #jobs!

🎯 Small Business Quiz Time! 🌟 Which region in the USA boasts the highest density of small businesses per capita? A) Midwest B) Northeast C) South D) West Share your guess in the comments and let's uncover which area is thriving with small business activity! 🗺️🚀 #SmallBizTrivia #USABusinessInsights #smallbusiness #triviathursday #smallbusinesssupport #usa #usajobs

🌟 Happy Monday! 🌞 Let's start the week with a mindset of patience and strategic planning. Contact NWBDA today and let's explore how we can support your business journey! ☎509.458.8555 📧Info@nwbusiness.org #happymonday #patiencepaysoff #businesssupport #enterpreneur #enterpreneurship #supportsmallbusiness #smallbusiness #sba504 #sbalending

Fulfill Community Reinvestment Act (CRA) Credits with SBA 504 Program The Final Rule has amended regulations by the Federal Reserve, FDIC, and OCC, expanding CRA options. These changes ensure that practically any bank loan associated with the #SBA 504 loan program is automatically categorized as economic development, satisfying the Community Development Financing Test for #CRA credit. This includes both interim and permanent third-party loans. This Final Rule is now all on hold due to a court’s injunction. The agencies’ prior CRA guidance remains in effect until the injunction is lifted. Because of this injunction, the agencies’ prior CRA guidance remains in place for now. Learn More: https://lnkd.in/gam5T8P9

🌟 Small Business Trivia Challenge! 🚀💡 What percentage of all businesses in the USA are considered "mom-and-pop" shops, typically operated by family members? A) 20% B) 40% C) 60% D) 80% Drop your answer below! 👇 #smallbusiness #smallbusinesses #momandpop #shopsmall #trivia #triviathursday #

🌟 Happy Monday, everyone! 🌞 Remember: "To win big, you sometimes have to take big risks." 💪 Embrace the thrill of the unknown and seize every opportunity that comes your way this week! Let's make it a week of bold moves and exciting possibilities!🚀 #mondaymotivation #BigRisksBigRewards #takerisks #embracethejourney #enterpreneurship #smallbusiness #smallbusinesssupport #sba504 #sbalending #achievingsuccess

Even though interest rates are increasing, the #SBA504 program still has numerous benefits for a #smallbusiness, including a low down payment, and long terms to keep the monthly payment lower! Use our loan calculator to see what the payment might be: http://ow.ly/463r50IgfhW

🔍 Small Business Knowledge Test! Which industry sector has the highest percentage of small businesses in the USA? A) Retail B) Professional Services C) Food & Beverage D) Technology Share your answer in the comments below! 📊🌟 #SmallBizTrivia #industryinsights #smallbusiness #smallbusinessfacts