Tippett Family, LLC
Tippett Family, LLC is an electronic and precision equipment repair and maintenance business located in Selah, WA. The company was financed with an SBA 7(a) loan for a change of ownership of $636,000, approved on September 26, 2025, through Leader Bank, National Association.
SBA 7(a) loan, change of ownership, approved Sep 26, 2025
$636,000 approvedLender: Leader Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $636,000
- SBA-guaranteed amount
- $477,000 (75% of the approval)
- Lender
- Leader Bank, National Association, Arlington, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 26, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,405 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 811210, Electronic and Precision Equipment Repair and Maintenance
- Project location
- Yakima County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Electronic and Precision Equipment Repair and Maintenance: $2,128,331.
- 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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