Main Street Registry

Alice Warigia Hinga and David Hinga Muiruri

Kent, WA · Assisted Living Facilities for the Elderly · NAICS 623312

Alice Warigia Hinga and David Hinga Muiruri, located in Kent, WA, operates in the assisted living facilities for the elderly industry (NAICS 623312). The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $849,000, approved on April 2, 2025, through East West Bank.

SBA 7(a) loan, change of ownership, approved Apr 2, 2025

$849,000 approvedLender: East West Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$849,000
SBA-guaranteed amount
$636,750 (75% of the approval)
Lender
East West Bank, Pasadena, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
April 2, 2050 (estimated, approval date plus term)
Estimated monthly payment
$6,980 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 17, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Individual
NAICS
623312, Assisted Living Facilities for the Elderly
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 19% of acquisition loans in Assisted Living Facilities for the Elderly on this site.
  • Average acquisition loan in Assisted Living Facilities for the Elderly: $1,782,411.
  • Average acquisition loan in Washington: $1,784,595.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington