Skagit Hand Therapy, LLC
Skagit Hand Therapy, LLC is an outpatient care center in Mount Vernon, Washington, classified under the industry All Other Outpatient Care Centers. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $502,500, approved through Heritage Bank with an approval date of July 14, 2026.
SBA 7(a) loan, change of ownership, approved Jul 14, 2026
$502,500 approvedLender: Heritage Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $502,500
- SBA-guaranteed amount
- $376,875 (75% of the approval)
- Lender
- Heritage Bank, Olympia, WA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 14, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $6,163 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 24, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 621498, All Other Outpatient Care Centers
- Project location
- Skagit County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in All Other Outpatient Care Centers: $2,116,356.
- 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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