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Easton Services Corporation

Woodinville, WA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Easton Services Corporation is a plumbing, heating, and air-conditioning contractor located in Woodinville, Washington, classified under NAICS code 238220. The company was financed with an SBA 7(a) loan for a change of ownership of $796,000, approved on December 17, 2024, through Northwest Bank.

SBA 7(a) loan, change of ownership, approved Dec 17, 2024

$796,000 approvedLender: Northwest Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$796,000
SBA-guaranteed amount
$597,000 (75% of the approval)
Lender
Northwest Bank, Boise, ID
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
December 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,519 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
King 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 18% of acquisition loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
  • Average acquisition loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,758,508.
  • 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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Same industry in Washington