Recent News

We share some of our recent loan production details to recognize our lending partners, show the diverse businesses the 504 program can assist and celebrate the jobs being created.

NADCO conducted a study in June 2009 to gather information on the scope of programs and services  offered by Certified Development Companies in addition to their role in providing SBA 504 loans to small businesses.

Green building may be booming, especially in the Northwest, but the claims made for high-performance buildings have been slow to gain traction in the financial community. Appraisers, lenders, investors and brokers have found it difficult to confirm the value of high-performance green features and related savings.

Now, small businesses that would otherwise have difficulty securing private equity or venture capital may find funding easier to get as a result of changes made as part of the American Recovery and Reinvestment Act to the U.S. Small Business Administration's Small Business Investment Company program.

We share some of our recent loan production details to recognize our lending partners, show the diverse businesses the 504 program can assist and celebrate the jobs being created.

This guide and the attached PDF will be updated as the SBA implements the Recovery Act changes to the 504 Loan Program.

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.

Last month Edna Peterson, our Closing and Servicing Manager and Patti Kibbe, our Chief Operations Officer met with lenders in Oregon to answer questions about a current hot topic-SBA 504 loan servicing.