E&H Fluid Power LLC
E&H Fluid Power LLC is a business in Seattle, Washington, in the fluid power pump and motor manufacturing industry (NAICS 333996). The company was financed with an SBA 7(a) loan for a change of ownership of $1.82 million, approved on March 20, 2024, through Northwest Bank.
SBA 7(a) loan, change of ownership, approved Mar 20, 2024
$1,820,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,820,000
- SBA-guaranteed amount
- $1,365,000 (75% of the approval)
- Lender
- Northwest Bank, Boise, ID
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $24,814 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 29, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 28
- Business type
- Corporation
- NAICS
- 333996, Fluid Power Pump and Motor Manufacturing
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Fluid Power Pump and Motor Manufacturing: $1,693,200.
- 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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