Daita Technology & Manufacturing
Daita Technology & Manufacturing is a machine shop located in Sumner, WA, in the machine shops industry (NAICS 332710). The company was financed with an SBA 7(a) loan for a change of ownership of $506,000, approved on October 29, 2023, through lender Harborstone CU.
SBA 7(a) loan, change of ownership, approved Oct 29, 2023
$506,000 approvedLender: Harborstone CU10 years termCharged offLoan details
- Gross approval
- $506,000
- SBA-guaranteed amount
- $379,500 (75% of the approval)
- Lender
- Harborstone CU, Lakewood, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- October 29, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $7,042 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 14, 2023
- Loan status
- Charged off
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 332710, Machine Shops
- Project location
- Pierce County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 1% of acquisition loans in Machine Shops on this site.
- Average acquisition loan in Machine Shops: $2,116,278.
- 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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