Main Street Registry

Bajwa Enterprise Corporation 1

Westport, WA · Gasoline Stations with Convenience Stores · NAICS 457110

Bajwa Enterprise Corporation 1 is a gasoline station with convenience store business in Westport, WA, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership of $1,803,500, approved on June 17, 2024 by lender Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Jun 17, 2024

$1,803,500 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,803,500
SBA-guaranteed amount
$1,352,625 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
25 years (300 months)
Estimated maturity
June 17, 2049 (estimated, approval date plus term)
Estimated monthly payment
$16,388 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 12, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
S.A.S. Petroleum, Inc. (Marathon) Retail Sales Agreement
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 49% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • 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