Bonafide Lock and Safe, Inc
Bonafide Lock and Safe, Inc, located in Kirkland, WA, operates in the locksmiths industry (NAICS 561622). The company was financed with an SBA 7(a) loan for a change of ownership of $845,000, approved on September 23, 2025, through Gesa CU.
SBA 7(a) loan, change of ownership, approved Sep 23, 2025
$845,000 approvedLender: Gesa CU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $845,000
- SBA-guaranteed amount
- $633,750 (75% of the approval)
- Lender
- Gesa CU, Richland, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 23, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $11,167 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 561622, Locksmiths
- 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)
- Average acquisition loan in Locksmiths: $1,068,333.
- 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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