Main Street Registry

Waterview Capital Improvements LLC

Aberdeen, WA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Waterview Capital Improvements LLC is located in Aberdeen, Washington, and operates in the hotels and motels industry (NAICS 721110, Hotels except Casino Hotels and Motels). The company was financed with an SBA 7(a) loan for a change of ownership of $1,160,000, approved on February 8, 2024 by lender Open Bank.

SBA 7(a) loan, change of ownership, approved Feb 8, 2024

$1,160,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,160,000
SBA-guaranteed amount
$870,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
February 8, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,135 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Grays Harbor 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 7% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • 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