Bhg II, LLC
Bhg II, LLC is located in Lacey, Washington, and operates in the fitness and recreational sports centers industry (NAICS 713940). The company was financed with an SBA 7(a) loan for a change of ownership, totaling $1,624,000, approved by Heritage Bank on June 18, 2024.
SBA 7(a) loan, change of ownership, approved Jun 18, 2024
- Gross approval
- $1,624,000
- SBA-guaranteed amount
- $1,218,000 (75% of the approval)
- Lender
- Heritage Bank, Olympia, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $21,461 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 26, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 713940, Fitness and Recreational Sports Centers
- Project location
- Thurston County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 75% of acquisition loans in Fitness and Recreational Sports Centers on this site.
- Average acquisition loan in Fitness and Recreational Sports Centers: $1,274,850.
- 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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