Main Street Registry

Sullivan Solutions LLC

Bellingham, WA · Plumbing, Heating, and Air-Conditioning Contractors · NAICS 238220

Sullivan Solutions LLC is located in Bellingham, WA, and the SBA lists its industry as Plumbing, Heating, and Air-Conditioning Contractors. It was approved for an SBA 7(a) loan of $1,000,000 for a change of ownership on February 18, 2025.

SBA 7(a) loan, change of ownership, approved Feb 18, 2025

Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
February 18, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,803 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 14, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
238220, Plumbing, Heating, and Air-Conditioning Contractors
Project location
Whatcom County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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