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A CERTIFIED SBA 504 LENDER		 ACHIEVING BIG DREAMS FOR SMALL BUSINESSES
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Five Mile Automotive Center
Lending Partner: State National Bank
The original owner of Five Mile Auto offered to sell this business to one of his long term employees, Steve Schafer. Steve has worked for the shop for over 20 years. Using a 504 loan, he took advantage of the low down payment requirement to purchase the land and building from the former owner. An SBA 7(a)loan was used to help finance inventory and working capital.
Effective Rates
August 2010
20 Year Rate: 4.93%
10 Year Rate: 4.17%

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Spokane Area
(509) 458-8555 or (800) 540-1748
9019 East Appleway, Ste 200
Spokane Valley, WA 99212 		Serving Washington, Oregon & Idaho Seattle Area
(425) 235-9917
15 South Grady Way, Suite 517
Renton, WA 98057