The Renewal Company LLC
The Renewal Company LLC is located in Issaquah, WA, and the SBA lists its industry as Nursery and Tree Production. It was approved for an SBA 7(a) loan of $2,275,000 for a change of ownership on March 13, 2025.
SBA 7(a) loan, change of ownership, approved Mar 13, 2025
- Gross approval
- $2,275,000
- SBA-guaranteed amount
- $1,706,250 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.9%, fixed
- Term
- 10 years (120 months)
- Estimated maturity
- March 13, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $27,482 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 29, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 111421, Nursery and Tree Production
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Nursery and Tree Production: $3,004,933.
- 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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