Alliance Printing, Inc.
Alliance Printing, Inc. is a commercial printing business (except screen and books) located in Kent, WA, under NAICS code 323111. It was financed with an SBA 7(a) loan for a change of ownership in the amount of $550,000, approved on December 29, 2023 by Heritage Bank.
SBA 7(a) loan, change of ownership, approved Dec 29, 2023
$550,000 approvedLender: Heritage Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $550,000
- SBA-guaranteed amount
- $412,500 (75% of the approval)
- Lender
- Heritage Bank, Olympia, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 29, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $6,967 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 10, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 323111, Commercial Printing (except Screen and Books)
- 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 9% of acquisition loans in Commercial Printing (except Screen and Books) on this site.
- Average acquisition loan in Commercial Printing (except Screen and Books): $1,666,227.
- 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.
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