Three Rivers Marine, Inc.
Three Rivers Marine, Inc. is a boat dealer located in Woodinville, Washington, classified under NAICS 441222. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million approved on June 25, 2024, through Mountain Pacific Bank.
SBA 7(a) loan, change of ownership, approved Jun 25, 2024
$5,000,000 approvedLender: Mountain Pacific Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Mountain Pacific Bank, Everett, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 25, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $68,875 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 36
- Business type
- Corporation
- NAICS
- 441222, Boat Dealers
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Boat Dealers: $2,424,571.
- 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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