D&B Northwest Family Services Inc.
D&B Northwest Family Services Inc. is a business in Everett, Washington, in the services for the elderly and persons with disabilities industry (NAICS 624120). The company was financed with an SBA 7(a) loan for a change of ownership, approved on August 20, 2024, for $1.74 million through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Aug 20, 2024
$1,740,000 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,740,000
- SBA-guaranteed amount
- $1,305,000 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $23,723 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Aug 23, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 54
- Business type
- Corporation
- NAICS
- 624120, Services for the Elderly and Persons with Disabilities
- Project location
- Snohomish County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 65% of acquisition loans in Services for the Elderly and Persons with Disabilities on this site.
- Average acquisition loan in Services for the Elderly and Persons with Disabilities: $1,718,785.
- 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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