BACKGROUND

Northwest Small Business Finance Corporation
15455 NW Greenbrier Pkwy
Beaverton , OR 97006
(503) 629-9662

Founders

Northwest Small Business Finance Corp. (NSBFC) was founded by the North/Northeast Boosters in 1981. Initial funding was raised through contributions from the original board members. Since that time, we have assisted 94 small businesses to obtain $90 million in public and private sector financing through a combination of economic development funds, private sector lending and the U. S. Small Business Administration (SBA) programs.

Economic Development

Our purpose is to provide long-term low interest financing to small businesses for expansion primarily through the U. S. Small Business Administration 504 program. The primary goal the 504 program is to create or retain jobs in the local community. This stimulus has created in excess of 1,800 jobs in the communities that we serve. The program also seeks to expand minority-owned businesses, to support business restructuring for industries adversely impacted by changes in federal policy, such as the timber industry, to revitalize distressed areas and promote other programs of benefit to the community.

504 Loans

NSBFC helps the small business borrower to qualify for financing at interest rates and terms which would not otherwise be available to her from private sector lenders. The 504 program, for example, helps the bank to provide up to 90% financing to small business customers to acquire real estate and other long-term fixed assets. The SBA issues a 10 or 20 year fixed rate debenture at below market rates to finance 40% of the project. This debenture is subordinated to the bank's loan which is made at a 50% loan-to-value. This program benefits the small business concern, local financial institutions and the community by amplifying the funds available in the private sector to promote the growth of small business.