Silver City Brewing
Silver City Brewing is a full-service restaurant business located in Silverdale, Washington, classified under the industry Full-Service Restaurants. It was financed with an SBA 7(a) loan for a change of ownership of $1.193 million, approved through Heritage Bank with an approval date of August 4, 2026.
SBA 7(a) loan, change of ownership, approved Aug 4, 2026
$1,193,000 approvedLender: Heritage Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,193,000
- SBA-guaranteed amount
- $894,750 (75% of the approval)
- Lender
- Heritage Bank, Olympia, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 4, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $14,791 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 82
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Kitsap County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 61% of acquisition loans in Full-Service Restaurants on this site.
- Average acquisition loan in Full-Service Restaurants: $1,319,601.
- 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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