January 2020
Issue 31
Pure Bliss Desserts
SBA 504 Effective Rates for January 2020
25-year – 3.71% / 3.72% Refi
20-year – 3.64% / 3.65% Refi
10-year – 3.80% / 3.81% Refi
Pure Bliss Desserts is a thriving scratch bakery in Bellingham, WA offering a unique experience by serving perfectly paired coffee, tea, beer and wine to complement its veritable dessert offerings. Owners, Nick and Andrea Vann, found themselves in a precarious position when their leased location listed for sale, placing their business in jeopardy along with its 20 employees.
Through the SBA 504 program and NWBDA, they purchased the building with just 10% down. The SBA program conserved valuable working capital and gave them the opportunity to expand within the building to fulfill catering/wedding orders – a potential growth area previously hampered by lack of space.
“We were able to double the size of our shop, grow our customer base, double our team and increase efficiencies in a million different ways within our business. Besides actually receiving the loan and being able to use our funds to make our dream come true, Elizabeth was the absolute BEST part of working with the NWBDA.”
– Andrea Vann
NWBDA Volunteers at Second Harvest Food Bank
Business Development Officers
Eastern Washington/
Northern Idaho
Evan Heriot
eheriot@nwbusiness.org
(509) 904-5169
Central Washington
Lisa Vincent
lvincent@nwbusiness.org
(509) 469-5040
Western Washington
Elizabeth Rusnak
erusnak@nwbusiness.org
(425) 286-6673
Mark Beppler
mbeppler@nwbusiness.org
(425) 505-3263
Southwestern Washington/
North Oregon
Jim Bight
jbright@nwbusiness.org
(360) 521-5704
Mike Miller
mmiller@nwbusiness.org
(503) 746-1805
December’s Loan Fundings
NWBDA funded 3 new
projects for the total amount of $7,450,000.00
December’s Loan Approvals
NWBDA approved 4 new
projects for the total amount of $4,157,000.00
In the month of December,
NWBDA helped
create 43 new jobs
in the local communities
info@nwbusiness.org
www.nwbusiness.org
(509) 458-8555
(800) 540-1748 (Toll Free)