WB Flooring and Interiors, Inc
WB Flooring and Interiors, Inc is a flooring contractor in Redmond, Washington, in the Flooring Contractors industry (NAICS 238330). The company was financed with an SBA 7(a) loan for a change of ownership of $3,090,000, approved by Banner Bank on March 14, 2025.
SBA 7(a) loan, change of ownership, approved Mar 14, 2025
$3,090,000 approvedLender: Banner Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,090,000
- SBA-guaranteed amount
- $2,317,500 (75% of the approval)
- Lender
- Banner Bank, Walla Walla, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $40,408 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Business type
- Corporation
- NAICS
- 238330, Flooring Contractors
- 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)
- Larger than 82% of acquisition loans in Flooring Contractors on this site.
- Average acquisition loan in Flooring Contractors: $1,653,780.
- 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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