Main Street Registry

Northwest European, LLC

Issaquah, WA · Used Car Dealers · NAICS 441120

Northwest European, LLC is a used car dealer in Issaquah, Washington. The business was financed with an SBA 504 loan, which financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,016,000 approved on November 30, 2023, through Heritage Bank and the Northwest Business Development Association certified development company.

SBA 504 loan, approved Nov 30, 2023

$1,016,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,016,000
Bank portion
$1,239,000
Estimated project size
$2,505,556 (estimated)
Estimated owner equity
$250,556 (estimated, about 10% of the project)
Bank lender
Heritage Bank, Olympia, WA
CDC
Northwest Business Development Association
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 30, 2048 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
441120, Used Car Dealers
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-8
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Average expansion loan in Used Car Dealers: $1,930,870.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington