GT Johnson Holdings LLC
GT Johnson Holdings LLC, located in Tacoma, Washington, operates in the used car dealers industry (NAICS 441120). The company was approved for an SBA 504 loan of $1,398,000, which financed real estate or equipment through an SBA 504 loan, with Timberland Bancorp, Inc as the lender and Evergreen Business Capital as the certified development company, with approval dated August 8, 2024.
SBA 504 loan, approved Aug 8, 2024
$1,398,000 SBA portionCDC: Evergreen Business Capital25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,398,000
- Bank portion
- $1,700,000
- Estimated project size
- $3,442,222 (estimated)
- Estimated owner equity
- $344,222 (estimated, about 10% of the project)
- Bank lender
- Timberland Bancorp, Inc, Hoquiam, WA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 8, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Pierce County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-6
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 41% of expansion loans in Used Car Dealers on this site.
- Average expansion loan in Used Car Dealers: $1,930,870.
- 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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Same industry in Washington
- West State Motorsport LLC, Auburn
- Duffy's Auto Brokerage L.L.C., Maple Valley
- Northwest European, LLC, Issaquah