GK Collective, LLC
GK Collective, LLC is a snack and nonalcoholic beverage bar located in Marysville, Washington, classified under NAICS code 722515. The company was financed with an SBA 7(a) loan for a change of ownership, with an SBA loan amount of $549,000 approved on March 3, 2025 through Washington Trust Bank.
SBA 7(a) loan, change of ownership, approved Mar 3, 2025
$549,000 approvedLender: Washington Trust Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $549,000
- SBA-guaranteed amount
- $411,750 (75% of the approval)
- Lender
- Washington Trust Bank, Spokane, 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
- March 3, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,807 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 20, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 722515, Snack and Nonalcoholic Beverage Bars
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 13% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
- Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
- 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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