Biomechanical Sports Therapy Inc
Biomechanical Sports Therapy Inc, located in Wenatchee, WA, operates in the offices of physical, occupational and speech therapists, and audiologists. The company was financed with an SBA 7(a) loan for a change of ownership of $1,256,000, approved on September 27, 2024, through Washington Trust Bank.
SBA 7(a) loan, change of ownership, approved Sep 27, 2024
$1,256,000 approvedLender: Washington Trust Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,256,000
- SBA-guaranteed amount
- $942,000 (75% of the approval)
- Lender
- Washington Trust Bank, Spokane, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $15,910 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 25, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 621340, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- Project location
- Chelan County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 59% of acquisition loans in Offices of Physical, Occupational and Speech Therapists, and Audiologists on this site.
- Average acquisition loan in Offices of Physical, Occupational and Speech Therapists, and Audiologists: $1,372,788.
- 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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Same industry in Washington
- Washington Physio, LLC, Kirkland