Global Distribution Center LLC
Global Distribution Center LLC, located in Kent, WA, operates in the general line grocery merchant wholesalers industry (NAICS 424410). The company was financed with an SBA 7(a) loan for a change of ownership totaling $3.7 million, approved on January 5, 2024 through Columbia Bank.
SBA 7(a) loan, change of ownership, approved Jan 5, 2024
$3,694,800 approvedLender: Columbia Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,694,800
- SBA-guaranteed amount
- $2,771,100 (75% of the approval)
- Lender
- Columbia Bank, Lake Oswego, OR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 5, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $49,856 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 30, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 11
- Business type
- Corporation
- NAICS
- 424410, General Line Grocery Merchant Wholesalers
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 79% of acquisition loans in General Line Grocery Merchant Wholesalers on this site.
- Average acquisition loan in General Line Grocery Merchant Wholesalers: $2,118,293.
- 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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