Lenders › Northwest Business Development Association
504 CDCSpokane Valley, Washingtoncertified development company26th of 182 by approvals
Northwest Business Development Association
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Northwest Business Development Association, based in Spokane Valley, Washington, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 367 of its 504 loans worth $380M in FY2021 to FY2025, which places it 26th of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 51 approvals totalling $54.3M, up 34% on FY2024 (38). FY2026 to 30 Jun 2026 adds 19 more.
The median approval was $708K, against $657K for the 504 program as a whole; 1.4% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 3 states and territories and 46 counties, led by Washington (75.5%), Oregon (21.3%) and Idaho (3.3%). The largest industry group was health care and social assistance at 16.3% of approvals, and 9.0% of approvals were to franchise businesses.
Of 851 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (0.9%), 465 as paid in full and 378 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 19 | $16.3M | $659K | $859K | 95 |
| FY2025 | 51 | $54.3M | $862K | $1.1M | 277 |
| FY2024 | 38 | $49.8M | $868K | $1.3M | 255 |
| FY2023 | 59 | $65.7M | $729K | $1.1M | 468 |
| FY2022 | 108 | $113M | $622K | $1.0M | 833 |
| FY2021 | 111 | $97.4M | $559K | $878K | 658 |
| FY2020 | 78 | $84.7M | $721K | $1.1M | 852 |
| FY2019 | 57 | $58.1M | $692K | $1.0M | 626 |
| FY2018 | 59 | $40.5M | $454K | $686K | 441 |
| FY2017 | 64 | $61.0M | $529K | $952K | 770 |
| FY2016 | 68 | $65.2M | $599K | $958K | 719 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 326 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Washington | 504 program |
|---|---|---|---|
| Approvals in these years | 972 | 1,938 | 85,591 |
| Cancelled or never disbursed | 121 | 211 | 12,514 |
| Disbursed loans | 851 | 1,727 | 73,077 |
| Paid in full | 465 | 923 | 35,491 |
| Charged off | 8 | 12 | 905 |
| Still outstanding (status exempt from disclosure) | 378 | 792 | 36,681 |
| Charged off, share of disbursed loans | 0.9% | 0.7% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.5% | 0.3% | 0.9% |
| Dollars charged off | $3.5M | $4.7M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 98 | 18 | 0 | 0.0% | 0.1% |
| FY2020 | 66 | 9 | 0 | 0.0% | 0.1% |
| FY2019 | 55 | 14 | 0 | 0.0% | 0.3% |
| FY2018 | 48 | 12 | 0 | 0.0% | 0.4% |
| FY2017 | 56 | 23 | 0 | 0.0% | 0.8% |
| FY2016 | 57 | 29 | 0 | 0.0% | 1.0% |
| FY2015 | 54 | 37 | 0 | 0.0% | 1.2% |
| FY2014 | 63 | 47 | 1 | 1.6% | 1.3% |
| FY2013 | 81 | 64 | 1 | 1.2% | 1.4% |
| FY2012 | 106 | 81 | 1 | 0.9% | 2.0% |
| FY2011 | 98 | 77 | 2 | 2.0% | 2.1% |
| FY2010 | 69 | 54 | 3 | 4.3% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $708K | $657K |
| Average approval | $1.0M | $1.0M |
| Approvals of $150,000 or less | 1.4% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 7.1% | 14.4% |
| Approvals to franchise businesses | 9.0% | 9.0% |
| Jobs supported per approval, as reported | 6.8 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.9% | 1.2% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Washington | 277 | $297M | 75.5% | |
| 2 | Oregon | 78 | $70.6M | 21.3% | |
| 3 | Idaho | 12 | $12.2M | 3.3% |
In Washington the lender accounts for 40.0% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (46 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | King County, WA | 67 | $86.4M | 18.3% | |
| 2 | Snohomish County, WA | 45 | $56.8M | 12.3% | |
| 3 | Multnomah County, OR | 29 | $22.1M | 7.9% | |
| 4 | Skagit County, WA | 23 | $17.4M | 6.3% | |
| 5 | Spokane County, WA | 20 | $15.6M | 5.4% | |
| 6 | Clark County, WA | 19 | $31.1M | 5.2% | |
| 7 | Pierce County, WA | 19 | $20.1M | 5.2% | |
| 8 | Whatcom County, WA | 19 | $17.6M | 5.2% | |
| 9 | Washington County, OR | 11 | $14.7M | 3.0% | |
| 10 | Benton County, WA | 11 | $7.8M | 3.0% | |
| 11 | Deschutes County, OR | 9 | $8.4M | 2.5% | |
| 12 | Lane County, OR | 8 | $5.2M | 2.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 60 | 16.3% | |
| 2 | Retail Trade | 53 | 14.4% | |
| 3 | Accommodation and Food Services | 46 | 12.5% | |
| 4 | Professional, Scientific, and Technical Services | 42 | 11.4% | |
| 5 | Construction | 41 | 11.2% | |
| 6 | Manufacturing | 38 | 10.4% | |
| 7 | Wholesale Trade | 20 | 5.4% | |
| 8 | Other Services (except Public Administration) | 16 | 4.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 23 | 6.3% | |
| 2 | Traveler AccommodationNAICS 7211 | 20 | 5.4% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 20 | 5.4% | |
| 4 | Legal ServicesNAICS 5411 | 15 | 4.1% | |
| 5 | Offices of DentistsNAICS 6212 | 14 | 3.8% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 3.5% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 11 | 3.0% | |
| 8 | Building Equipment ContractorsNAICS 2382 | 10 | 2.7% | |
| 9 | Child Day Care ServicesNAICS 6244 | 9 | 2.5% | |
| 10 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 9 | 2.5% |
Approval sizes
- $50,001 to $150,0001.4%5
- $150,001 to $350,00014.7%54
- $350,001 to $1 million52.9%194
- $1 million to $2 million18.0%66
- Over $2 million13.1%48
Loan terms
- Over 5 to 10 years1.6%6
- Over 10 to 20 years2.2%8
- Over 20 years96.2%353
Age of the businesses
- Existing, more than 2 years old90.2%331
- New business, 2 years or less1.1%4
- Startup, loan funds will open the business6.0%22
- Change of ownership2.7%10
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 326 | 88.8% | |
| 2 | 504 Refinancing Program | 16 | 4.4% | |
| 3 | ALP Express | 15 | 4.1% | |
| 4 | 504 Basic | 10 | 2.7% |
Franchise share
33 of 367 approvals in FY2021–FY2025 (9.0%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Best Western | 3 | 0.8% | |
| 2 | Ace Hardware | 3 | 0.8% | |
| 3 | Candlewood Suites | 2 | 0.5% | |
| 4 | TownePlace Suites by Marriott | 1 | 0.3% | |
| 5 | Kiddie Academy | 1 | 0.3% | |
| 6 | Hampton Inn & Suites by Hilton | 1 | 0.3% | |
| 7 | DoubleTree by Hilton | 1 | 0.3% | |
| 8 | Holiday Inn | 1 | 0.3% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Heritage Bank | 41 | 11.2% | |
| 2 | Peoples Bank | 31 | 8.4% | |
| 3 | JPMorgan Chase Bank, National Association | 30 | 8.2% | |
| 4 | Columbia Bank | 29 | 7.9% | |
| 5 | Washington Trust Bank | 22 | 6.0% | |
| 6 | Banner Bank | 17 | 4.6% | |
| 7 | U.S. Bank, National Association | 14 | 3.8% | |
| 8 | Coastal Community Bank | 11 | 3.0% | |
| 9 | KeyBank National Association | 11 | 3.0% | |
| 10 | Summit Bank | 11 | 3.0% |
Questions and answers
How many SBA loans does Northwest Business Development Association make?
SBA approved 51 504 loans through Northwest Business Development Association in FY2025, worth $54.3M, and 367 over FY2021 to FY2025. That ranks 26th of 182 active CDCs by number of approvals.
How large are Northwest Business Development Association's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $708K and the average $1.0M. The program-wide median was $657K.
What is Northwest Business Development Association's charge-off rate?
Of 851 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (0.9%), 465 as paid in full and 378 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Northwest Business Development Association lend to most?
By number of approvals in FY2021 to FY2025: offices of other health practitioners (23); traveler accommodation (20); restaurants and other eating places (20); legal services (15).
Where does Northwest Business Development Association make SBA loans?
In 3 states and territories. Washington 277, Oregon 78, Idaho 12. In Washington it accounts for 40.0% of all 504 approvals.
Is Northwest Business Development Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 148, against 297 in the three before: falling (-50%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error