Griffin North Co.
Griffin North Co. is located in Ponderay, ID, and the SBA lists its industry as Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers. It was approved for an SBA 7(a) loan of $2,314,000 for a change of ownership on November 25, 2025.
SBA 7(a) loan, change of ownership, approved Nov 25, 2025
- Gross approval
- $2,314,000
- SBA-guaranteed amount
- $1,735,500 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.45%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 25, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $28,628 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 10, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 332812, Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers
- Project location
- Bonner County, ID
- SBA district office
- Seattle District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Metal Coating, Engraving (except Jewelry and Silverware), and Allied Services to Manufacturers: $1,536,267.
- Average acquisition loan in Idaho: $1,527,113.
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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