Frobright Salsary, LLC
Frobright Salsary, LLC of Arlington, WA operates in the other grocery and related products merchant wholesalers industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $566,000, approved on November 12, 2024 by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Nov 12, 2024
$566,000 approvedLender: The Huntington National Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $566,000
- SBA-guaranteed amount
- $424,500 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- November 12, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,243 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 424490, Other Grocery and Related Products Merchant Wholesalers
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Other Grocery and Related Products Merchant Wholesalers: $2,369,093.
- 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
- DFA Distribution, Inc., Lacey
- Ash Heritage Inc., Kirkland