Elite Pet & Co., Inc.
Elite Pet & Co., Inc. is a poultry and poultry product merchant wholesaler located in Des Moines, WA. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,467,700, from Heritage Bank, with approval dated December 16, 2025.
SBA 7(a) loan, change of ownership, approved Dec 16, 2025
$1,467,700 approvedLender: Heritage Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,467,700
- SBA-guaranteed amount
- $1,100,775 (75% of the approval)
- Lender
- Heritage Bank, Olympia, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 16, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $18,197 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 424440, Poultry and Poultry Product Merchant Wholesalers
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Poultry and Poultry Product Merchant Wholesalers: $1,559,233.
- 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.
Is this your company? Claim or correct this listing. See Corrections.