Financial Assistance, Inc.
Financial Assistance, Inc., located in Bellevue, Washington, operates in the collection agencies industry (NAICS 561440). The business was financed with an SBA 7(a) loan for a change of ownership of $1.65 million, approved on March 19, 2026, through The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Mar 19, 2026
$1,653,400 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,653,400
- SBA-guaranteed amount
- $1,240,050 (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
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 19, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $20,722 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 561440, Collection Agencies
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Collection Agencies: $2,980,067.
- 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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