Northwest Renew LLC
Northwest Renew LLC is a reupholstery and furniture repair business located in Kirkland, Washington. The company was financed with an SBA 7(a) loan for a change of ownership of $3.12 million, approved on January 26, 2026 by Washington Trust Bank.
SBA 7(a) loan, change of ownership, approved Jan 26, 2026
$3,120,000 approvedLender: Washington Trust Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,120,000
- SBA-guaranteed amount
- $2,340,000 (75% of the approval)
- Lender
- Washington Trust Bank, Spokane, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 6.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 26, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $35,825 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 811420, Reupholstery and Furniture Repair
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Reupholstery and Furniture Repair: $1,496,333.
- 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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