Fawcett Painting Inc.
Fawcett Painting Inc. is a painting and wall covering contractor located in Kent, Washington, classified under NAICS code 238320. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,000,000, approved on May 30, 2025, through Grow America Fund, Incorporated.
SBA 7(a) loan, change of ownership, approved May 30, 2025
$1,000,000 approvedLender: Grow America Fund, Incorporated10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,000,000
- SBA-guaranteed amount
- $750,000 (75% of the approval)
- Lender
- Grow America Fund, Incorporated, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 30, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $13,215 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 6, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 70
- Business type
- Corporation
- NAICS
- 238320, Painting and Wall Covering Contractors
- 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 59% of acquisition loans in Painting and Wall Covering Contractors on this site.
- Average acquisition loan in Painting and Wall Covering Contractors: $1,429,871.
- 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
- Westcoast Painting, LLC, Renton