Mechanics Bank: SBA Loan Record, Deal Sizes & Industries | DealRoom

Mechanics Bank: SBA Loan Record, Deal Sizes & Industries | DealRoom

Recent deals

Mutual Friends LLC in Seattle, WA — $1.0M (2026) · Full-Service Restaurants
Program
7a General
Rate at approval
6.25% variable
Term
126 months
SBA guaranteed
$778K (75%)
Approved
3/30/2026
Loan status
Committed
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
68
Business age
Existing or more than 2 years old
Industry
Full-Service Restaurants
Your business? Claim this record · Request removal
CRD DESIGN BUILD INC in Seattle, WA — $200K (2025) · Residential Remodelers
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
9% variable
Term
120 mo (10 yrs)
SBA guaranteed
$100K (50%)
Approval → funding
22 days
Approved
8/18/2025
First disbursed
9/9/2025
Loan status
Current
Loan type
Revolving line
Collateral
Required
Business type
Pandiecue LLC in Seattle, WA — $3.1M (2023) · Residential Remodelers
Program
Preferred Lenders Program
Rate at approval
9.25% variable
Term
300 mo (25 yrs)
SBA guaranteed
$2.4M (75%)
Approval → funding
9 days
Approved
3/27/2023
First disbursed
4/5/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Loan sold to investors
Steelkorr, LLC in Seattle, WA — $2.3M (2023) · Structural Steel and Precast Concrete Contractors
Program
Preferred Lenders Program
Rate at approval
10.5% variable
Term
120 mo (10 yrs)
SBA guaranteed
$1.7M (75%)
Approval → funding
7 days
Approved
8/23/2023
First disbursed
8/30/2023
Loan status
Paid in full (5/31/2024)
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
New Empire Properties LLC in Lakewood, WA — $827K (2023) · Clothing and Clothing Accessories Retailers
Program
Preferred Lenders Program
Rate at approval
10% variable
Term
300 mo (25 yrs)
SBA guaranteed
$620K (75%)
Approved
6/29/2023
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Corporation
Jobs supported
9
Business age
New Business or 2 years or less
Industry
Peace Vans Enterprises, LLC in Seattle, WA — $538K (2023) · General Automotive Repair
Program
Preferred Lenders Program
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$404K (75%)
Approval → funding
7 days
Approved
12/6/2022
First disbursed
12/13/2022
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
CRD Design Build, Inc. in Seattle, WA — $200K (2023) · Residential Remodelers
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$100K (50%)
Approved
8/21/2023
Loan status
Cancelled
Loan type
Revolving line
Collateral
Required
Business type
Corporation
Jobs supported
50
Business age
Existing or more than 2 years old
CRD Design Build, Inc. in Seattle, WA — $200K (2023) · Residential Remodelers
Program
SBA Express Program
Subprogram
FA$TRK (Small Loan Express)
Rate at approval
10% variable
Term
120 mo (10 yrs)
SBA guaranteed
$100K (50%)
Approval → funding
9 days
Approved
8/21/2023
First disbursed
8/30/2023
Loan status
Paid in full (9/30/2025)
Loan type
Revolving line
Collateral
Required
Business type
Haskett Works LLC in Seattle, WA — $150K (2023) · All Other Specialty Trade Contractors
Program
Preferred Lenders Program
Rate at approval
10.75% variable
Term
120 mo (10 yrs)
SBA guaranteed
$128K (85%)
Approval → funding
15 days
Approved
2/13/2023
First disbursed
2/28/2023
Loan status
Current
Loan type
Term loan
Collateral
Required
Business type
Corporation
Secondary market
Sound Plastic Surgery, PLLC in Seattle, WA — $1.7M (2022) · Offices of Physicians, Mental Health Specialists
Program
Preferred Lenders Program
Rate at approval
7.75% variable
Term
126 months
SBA guaranteed
$1.3M (75%)
Approved
9/9/2022
Loan status
Cancelled
Loan type
Term loan
Collateral
Required
Business type
Partnership
Jobs supported
8
Business age
Existing or more than 2 years old
Industry

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