Spokane Falls Recovery Center, LLC
Spokane Falls Recovery Center, LLC is an outpatient mental health and substance abuse center in Spokane, Washington, classified under NAICS 621420 (Outpatient Mental Health and Substance Abuse Centers). The company financed real estate or equipment through an SBA 504 loan of $2,825,000, approved in June 2026 through Heritage Bank with Capital Matrix, Inc. as the certified development company.
SBA 504 loan, approved Jun 15, 2026
$2,825,000 SBA portionCDC: Capital Matrix, Inc.25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,825,000
- Bank portion
- $3,927,215
- Estimated project size
- $7,502,461 (estimated)
- Estimated owner equity
- $750,246 (estimated, about 10% of the project)
- Bank lender
- Heritage Bank, Olympia, WA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 15, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 621420, Outpatient Mental Health and Substance Abuse Centers
- Project location
- Spokane County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-5
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Outpatient Mental Health and Substance Abuse Centers: $2,486,444.
- 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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