Tacoma Glass Manufacturing
Tacoma Glass Manufacturing, located in Burlington, WA, operates in the flat glass manufacturing industry (NAICS 327211). The company financed real estate or equipment through an SBA 504 loan of $5.5 million, with Heritage Bank as the lending partner and Evergreen Business Capital as the certified development company, approved on June 12, 2024. The loan was reported with 20 jobs.
SBA 504 loan, approved Jun 12, 2024
$5,500,000 SBA portionCDC: Evergreen Business Capital25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $5,500,000
- Bank portion
- $10,483,197
- Estimated project size
- $17,759,108 (estimated)
- Estimated owner equity
- $1,775,911 (estimated, about 10% of the project)
- Bank lender
- Heritage Bank, Olympia, WA
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- June 12, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 12, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 327211, Flat Glass Manufacturing
- Project location
- Skagit County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-1
- Collateral
- Yes
Estimated share of project by source
Bank 59% SBA (CDC) 31% Owner 10%
- Average expansion loan in Flat Glass Manufacturing: $2,590,400.
- 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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