K&G Coatings LLC
K&G Coatings LLC is located in Marysville, Washington, and operates in the electroplating, plating, polishing, anodizing, and coloring industry (NAICS 332813). The company was financed with an SBA 7(a) loan for a change of ownership of $943,000 from Evolve Bank and Trust, with approval dated June 18, 2025, and 13 jobs reported.
SBA 7(a) loan, change of ownership, approved Jun 18, 2025
$943,000 approvedLender: Evolve Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $943,000
- SBA-guaranteed amount
- $707,250 (75% of the approval)
- Lender
- Evolve Bank and Trust, West Memphis, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $12,593 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 13
- Business type
- Corporation
- NAICS
- 332813, Electroplating, Plating, Polishing, Anodizing, and Coloring
- 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 8% of acquisition loans in Electroplating, Plating, Polishing, Anodizing, and Coloring on this site.
- Average acquisition loan in Electroplating, Plating, Polishing, Anodizing, and Coloring: $1,880,038.
- 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
- Northwest Precision Properties LLC, Vancouver