4k Lift Services
4k Lift Services in Coulee City, WA, operates in commercial and industrial machinery and equipment repair and maintenance (except automotive and electronic). The business was financed with an SBA 7(a) loan for a change of ownership of $852,000, approved on May 29, 2025, through First Internet Bank of Indiana.
SBA 7(a) loan, change of ownership, approved May 29, 2025
$852,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $852,000
- SBA-guaranteed amount
- $639,000 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 29, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,378 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 811310, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- Project location
- Grant 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)
- Larger than 22% of acquisition loans in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance on this site.
- Average acquisition loan in Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance: $1,576,060.
- 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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- PRJ Group, Inc., Kingston