House of Bollum LLC
House of Bollum LLC is a home and garden equipment repair and maintenance business located in Spokane, Washington. It was financed with an SBA 7(a) loan for a change of ownership of $544,500, approved by RiverBank on March 7, 2025.
SBA 7(a) loan, change of ownership, approved Mar 7, 2025
$544,500 approvedLender: RiverBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $544,500
- SBA-guaranteed amount
- $408,375 (75% of the approval)
- Lender
- RiverBank, Spokane, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 7, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,046 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 811411, Home and Garden Equipment Repair and Maintenance
- Project location
- Spokane County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Home and Garden Equipment Repair and Maintenance: $1,920,100.
- 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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