- 5.90%June 2009504 20-Year Term
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2020 ENGINEERING builds a sustainability showcase
"We felt like sardines," said Mark and Jessie Buehrer. Their sustainable civil engineering design and consulting firm, 2020 ENGINEERING, Inc., occupied a 1,500 square foot converted house in downtown Bellingham, Washington. Their business had filled it up, even the attic. They needed room to grow.
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Evergreen Business Capital is the Northwest’s leading SBA 504 Loan Program expert, with nearly 30 years in the industry. We partner with lenders in Washington, Oregon, Alaska and Northern Idaho to provide loans that allow businesses to purchase commercial real estate and equipment.
Recent Updates
The SBA announced the ARRA 504 Debt Refinancing interim final rule in the June 23, 2009 Federal Register. It is a permanent change to the 504 program. A copy of the Federal Register Notice is attached.
SBA has issued a clarification on Recovery Act Restricted Use of Funds under the American Recovery and Reinvestment Act of 2009. The Act states that none of the funds appropriated or otherwise made available in this Act may be used by any State or local government, or any private entity, for any casino or other gambling establishment, aquarium, zoo, golf course, or swimming pool. This means they may not be eligible for the temporary reduction in fees.
NADCO Chair, Jean Wojtowicz addressed the House Small Business Committee on June 10 and stressed that Congress should help small businesses recover from the recession, not hurt them by raising fees charged to borrowers of one of the country's most popular business financing programs.