Main Street Registry

Eastside Bavarian Inc.

Issaquah, WA · General Automotive Repair · NAICS 811111

Eastside Bavarian Inc. is a general automotive repair business located in Issaquah, Washington. It was financed with an SBA 7(a) loan for a change of ownership of $1.6 million, approved in November 2023 by Columbia Bank.

SBA 7(a) loan, change of ownership, approved Nov 15, 2023

$1,620,500 approvedLender: Columbia Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,620,500
SBA-guaranteed amount
$1,215,375 (75% of the approval)
Lender
Columbia Bank, Lake Oswego, OR
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
November 15, 2033 (estimated, approval date plus term)
Estimated monthly payment
$21,415 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 5, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
811111, General Automotive Repair
Project location
King 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 74% of acquisition loans in General Automotive Repair on this site.
  • Average acquisition loan in General Automotive Repair: $1,353,136.
  • 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