5th Avenue Self Storage
5th Avenue Self Storage is located in Milton Freewater, OR, and the SBA lists its industry as Lessors of Miniwarehouses and Self-Storage Units. It was approved for an SBA 7(a) loan of $590,000 for a change of ownership on March 14, 2025.
SBA 7(a) loan, change of ownership, approved Mar 14, 2025
- Gross approval
- $590,000
- SBA-guaranteed amount
- $442,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 14, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $4,751 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- May 8, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 531130, Lessors of Miniwarehouses and Self-Storage Units
- Project location
- Umatilla County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 6% of acquisition loans in Lessors of Miniwarehouses and Self-Storage Units on this site.
- Average acquisition loan in Lessors of Miniwarehouses and Self-Storage Units: $1,454,898.
- Average acquisition loan in Oregon: $1,946,167.
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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Same industry in Oregon
- Vandermeer Investments LLC, Portland
- Vernonia Storage, LLC, Vernonia