Mina Properties VII LLC
Mina Properties VII LLC is a metal coating, engraving, and allied services business located in Arlington, Washington, classified under NAICS code 332812. The company financed real estate or equipment through an SBA 504 loan of $2,781,000, with the SBA portion administered by Northwest Business Development Association and Washington Trust Bank as the lender, approved on December 21, 2023.
SBA 504 loan, approved Dec 21, 2023
$2,781,000 SBA portionCDC: Northwest Business Development Association25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,781,000
- Bank portion
- $4,623,556
- Estimated project size
- $8,227,284 (estimated)
- Estimated owner equity
- $822,728 (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
- December 21, 2048 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 332812, Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-1
- Collateral
- Yes
Estimated share of project by source
Bank 56% SBA (CDC) 34% Owner 10%
- Average expansion loan in Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers: $2,597,000.
- 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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