Deakins Mountain Outfitters Co
Deakins Mountain Outfitters Co is a sporting goods retailer in Spokane, Washington, classified under NAICS code 459110 (Sporting Goods Retailers). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1.6 million, approved December 1, 2023, through Idaho Central CU.
SBA 7(a) loan, change of ownership, approved Dec 1, 2023
$1,600,000 approvedLender: Idaho Central CU10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,600,000
- SBA-guaranteed amount
- $1,200,000 (75% of the approval)
- Lender
- Idaho Central CU, Chubbuck, ID
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 11%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 1, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $22,040 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 7, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 459110, Sporting Goods Retailers
- Project location
- Spokane County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 69% of acquisition loans in Sporting Goods Retailers on this site.
- Average acquisition loan in Sporting Goods Retailers: $1,337,498.
- 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
- Fairhaven Runners, Inc., Bellingham