Clearwater K&N Rentals LLC
Clearwater K&N Rentals LLC, located in Centralia, WA, operates in the assisted living facilities for the elderly industry (NAICS 623312). The company was financed with an SBA 7(a) loan for a change of ownership, approved on May 23, 2025, in the amount of $931,000 through Commonwealth Business Bank, with a 300-month term and 4 jobs reported.
SBA 7(a) loan, change of ownership, approved May 23, 2025
$931,000 approvedLender: Commonwealth Business Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $931,000
- SBA-guaranteed amount
- $698,250 (75% of the approval)
- Lender
- Commonwealth Business Bank, Los Angeles, 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
- May 23, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $7,654 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 4, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 623312, Assisted Living Facilities for the Elderly
- Project location
- Lewis County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-03
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 25% 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.
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