Main Street Registry

Lautenbach Recycling

Mount Vernon, WA · General Freight Trucking, Local · NAICS 484110

Lautenbach Recycling is a local general freight trucking business in Mount Vernon, Washington, classified under NAICS 484110. It financed real estate or equipment through an SBA 504 loan of $1,681,000, approved on January 7, 2025, with Washington Trust Bank as the lender and Northwest Business Development Association as the certified development company.

SBA 504 loan, approved Jan 7, 2025

$1,681,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,681,000
Bank portion
$2,050,000
Estimated project size
$4,145,556 (estimated)
Estimated owner equity
$414,556 (estimated, about 10% of the project)
Bank lender
Washington Trust Bank, Spokane, WA
CDC
Northwest Business Development Association
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 7, 2050 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
484110, General Freight Trucking, Local
Project location
Skagit County, WA
SBA district office
Seattle District Office
Congressional district
WA-1
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 34% of expansion loans in General Freight Trucking, Local on this site.
  • Average expansion loan in General Freight Trucking, Local: $2,373,915.
  • 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