Bellingham Cleaning LLC
Bellingham Cleaning LLC is a janitorial services business in Bellingham, Washington, and is listed as a Merry Maids franchise. The company was financed with an SBA 7(a) loan for a change of ownership of $835,000 from United Community Bank, with approval dated October 30, 2024.
SBA 7(a) loan, change of ownership, approved Oct 30, 2024
$835,000 approvedLender: United Community Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $835,000
- SBA-guaranteed amount
- $626,250 (75% of the approval)
- Lender
- United Community Bank, Greenville, SC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 30, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $10,919 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 561720, Janitorial Services
- Franchise
- Merry Maids
- Project location
- Whatcom County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 49% of acquisition loans in Janitorial Services on this site.
- Average acquisition loan in Janitorial Services: $1,070,529.
- 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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