Henderson Enterprises
Henderson Enterprises is a specialty trade contractor in Mukilteo, Washington, classified under the industry All Other Specialty Trade Contractors (NAICS 238990). The company was financed with an SBA 7(a) loan for a change of ownership, approved on January 6, 2024, in the amount of $828,500 through Celtic Bank Corporation.
SBA 7(a) loan, change of ownership, approved Jan 6, 2024
$828,500 approvedLender: Celtic Bank Corporation10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $828,500
- SBA-guaranteed amount
- $621,375 (75% of the approval)
- Lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 6, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $11,648 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 238990, All Other Specialty Trade Contractors
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 24% of acquisition loans in All Other Specialty Trade Contractors on this site.
- Average acquisition loan in All Other Specialty Trade Contractors: $1,899,024.
- 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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