Sunrise Plumbing
Sunrise Plumbing is a business in Kent, Washington, in the plumbing, heating, and air-conditioning contractors industry. The company was approved for an SBA 504 loan financing real estate or equipment through an SBA 504 loan of $1,609,000 from Evergreen Business Capital, with Wells Fargo Bank National Association as the bank partner, with approval dated September 29, 2025.
SBA 504 loan, approved Sep 29, 2025
$1,609,000 SBA portionCDC: Evergreen Business Capital25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,609,000
- Bank portion
- $1,967,550
- Estimated project size
- $3,973,944 (estimated)
- Estimated owner equity
- $397,394 (estimated, about 10% of the project)
- Bank lender
- Wells Fargo Bank National Association, Sioux Falls, SD
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 29, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 238220, Plumbing, Heating, and Air-Conditioning Contractors
- Project location
- King County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-8
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 33% of expansion loans in Plumbing, Heating, and Air-Conditioning Contractors on this site.
- Average expansion loan in Plumbing, Heating, and Air-Conditioning Contractors: $1,998,914.
- 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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