Main Street Registry

NW Power and Air LLC

Bremerton, WA · Electrical Contractors and Other Wiring Installation Contractors · NAICS 238210

NW Power and Air LLC is an electrical contracting business in Bremerton, Washington, operating in the electrical contractors and other wiring installation contractors industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $820,000, approved on February 25, 2024, through Banner Bank.

SBA 7(a) loan, change of ownership, approved Feb 25, 2024

$820,000 approvedLender: Banner Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$820,000
SBA-guaranteed amount
$615,000 (75% of the approval)
Lender
Banner Bank, Walla Walla, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
February 25, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,950 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 15, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
18
Business type
Corporation
NAICS
238210, Electrical Contractors and Other Wiring Installation Contractors
Project location
Kitsap County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 16% of acquisition loans in Electrical Contractors and Other Wiring Installation Contractors on this site.
  • Average acquisition loan in Electrical Contractors and Other Wiring Installation Contractors: $1,890,316.
  • 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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Same industry in Washington