What's New?
What's New? is located in Portland, OR, and the SBA lists its industry as Furniture Retailers. It was approved for an SBA 504 loan ($2,553,000 SBA portion) on September 27, 2024 to finance real estate or equipment.
SBA 504 loan, approved Sep 27, 2024
- SBA (CDC) portion
- $2,553,000
- Bank portion
- $3,114,000
- Estimated project size
- $6,296,667 (estimated)
- Estimated owner equity
- $629,667 (estimated, about 10% of the project)
- Bank lender
- Columbia Bank, Lake Oswego, OR
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- September 27, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 449110, Furniture Retailers
- Project location
- Multnomah County, OR
- SBA district office
- Portland District Office
- Congressional district
- OR-3
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 71% of expansion loans in Furniture Retailers on this site.
- Average expansion loan in Furniture Retailers: $2,338,737.
- Average expansion loan in Oregon: $1,931,136.
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 Oregon
- Michael's Fine Furniture, Gresham