Farr Law Group
Farr Law Group, located in Enumclaw, Washington, operates in the offices of lawyers industry (NAICS 541110). The company financed real estate or equipment through an SBA 504 loan of $1.13 million, with a total project amount of $1.6 million, approved through Banner Bank and the Northwest Business Development Association on May 1, 2024.
SBA 504 loan, approved May 1, 2024
$1,130,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,130,000
- Bank portion
- $1,600,000
- Estimated project size
- $3,033,333 (estimated)
- Estimated owner equity
- $303,333 (estimated, about 10% of the project)
- Bank lender
- Banner Bank, Walla Walla, WA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 1, 2049 (estimated, approval date plus term)
- First disbursement
- Oct 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Individual
- NAICS
- 541110, Offices of Lawyers
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-8
- Collateral
- Yes
Estimated share of project by source
Bank 53% SBA (CDC) 37% Owner 10%
- Larger than 15% of expansion loans in Offices of Lawyers on this site.
- Average expansion loan in Offices of Lawyers: $1,858,425.
- Average expansion loan in Washington: $2,234,716.
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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