M633 Sequim 511 Washington LLC
M633 Sequim 511 Washington LLC is a business in Sequim, Washington, in the industry of lessors of miniwarehouses and self-storage units (NAICS 531130). It was financed with an SBA 7(a) loan for a change of ownership of $1.7 million, approved on March 11, 2025, through Live Oak Banking Company.
SBA 7(a) loan, change of ownership, approved Mar 11, 2025
- Gross approval
- $1,700,000
- SBA-guaranteed amount
- $1,275,000 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 11, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $13,404 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Clallam County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 72% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- 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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