Lautenbach Recycling
Lautenbach Recycling is a local general freight trucking business in Mount Vernon, Washington, classified under NAICS 484110. It financed real estate or equipment through an SBA 504 loan of $1,681,000, approved on January 7, 2025, with Washington Trust Bank as the lender and Northwest Business Development Association as the certified development company.
SBA 504 loan, approved Jan 7, 2025
$1,681,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,681,000
- Bank portion
- $2,050,000
- Estimated project size
- $4,145,556 (estimated)
- Estimated owner equity
- $414,556 (estimated, about 10% of the project)
- Bank lender
- Washington Trust Bank, Spokane, WA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 7, 2050 (estimated, approval date plus term)
- First disbursement
- May 14, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Skagit County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 34% of expansion loans in General Freight Trucking, Local on this site.
- Average expansion loan in General Freight Trucking, Local: $2,373,915.
- Average expansion loan in Washington: $2,234,716.
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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