Larsen's Legacy, Inc.
Larsen's Legacy, Inc. is a retail bakery located in Seattle, Washington, classified under NAICS code 311811 (Retail Bakeries). The business was financed with an SBA 504 loan, which was approved on August 22, 2025, with an SBA portion of $1,909,000 and a KeyBank National Association lender, through the Evergreen Business Capital certified development company.
SBA 504 loan, approved Aug 22, 2025
$1,909,000 SBA portionCDC: Evergreen Business Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,909,000
- Bank portion
- $2,665,584
- Estimated project size
- $5,082,871 (estimated)
- Estimated owner equity
- $508,287 (estimated, about 10% of the project)
- Bank lender
- KeyBank National Association, Cleveland, OH
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- August 22, 2050 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 29
- Business type
- Corporation
- NAICS
- 311811, Retail Bakeries
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-7
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 58% of expansion loans in Retail Bakeries on this site.
- Average expansion loan in Retail Bakeries: $1,805,833.
- 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
- San Francisco Street Bakery, Inc., Olympia