Please download and print the NWBDA Application for a 504 Loan as your first step in applying for a 504 loan. You may fax the application to NWBDA where your project will be reviewed by one of our loan officers. If necessary the NWBDA will work with you to identify a participating first mortgage lender for your project.
Once the 504 loan application package has been approved by the lender and NWBDA, NWBDA will submit the application package to the SBA for final approval.
Thank you for your interest in the SBA 504 Loan Program!
IMPORTANT INFORMATION ABOUT IDENTIFICATION
PROCEDURES WHEN OBTAINING A 504 LOAN
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all Certified Development Companies to obtain, verify, and record information that identifies each person who applies for a 504 Loan.
What this means for you: When you apply for a 504 Loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
Contact your NWBDA Business Development Officer, or 1-800-540-1748, if you have any questions or concerns regarding the forms needed to facilitate your 504 debenture.