Kirkland Door Systems, L.L.C.
Kirkland Door Systems, L.L.C. is a business in Kirkland, WA in the lumber, plywood, millwork, and wood panel merchant wholesaling industry. It was financed with an SBA 7(a) loan for a change of ownership of $500,000, approved by Harborstone CU on July 5, 2024.
SBA 7(a) loan, change of ownership, approved Jul 5, 2024
$500,000 approvedLender: Harborstone CU119 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $250,000 (50% of the approval)
- Lender
- Harborstone CU, Lakewood, WA
- Processing method
- SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
- Initial interest rate
- 11.25%, variable
- Term
- 9 years, 11 months (119 months)
- Estimated maturity
- June 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $6,990 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 22, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 423310, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- No
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- Yes
- Average acquisition loan in Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers: $2,071,088.
- 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
- Reliance Specialty Building Products, LLC, Spokane
- Integrated Door Systems, Kirkland