UDL Express Inc.
UDL Express Inc. is located in Gig Harbor, WA, and the SBA lists its industry as General Freight Trucking, Local. It was approved for an SBA 7(a) loan of $1,444,000 for a change of ownership on February 18, 2026.
SBA 7(a) loan, change of ownership, approved Feb 18, 2026
- Gross approval
- $1,444,000
- SBA-guaranteed amount
- $1,083,000 (75% of the approval)
- Lender
- VelocitySBA, LLC, Irving, TX
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- February 18, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $18,292 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 10, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 484110, General Freight Trucking, Local
- Project location
- Pierce County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 51% of acquisition loans in General Freight Trucking, Local on this site.
- Average acquisition loan in General Freight Trucking, Local: $1,691,140.
- 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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