Main Street Registry

Broadway Food Mart LLC

Moses Lake, WA · Gasoline Stations with Convenience Stores · NAICS 457110

Broadway Food Mart LLC is a gasoline station with convenience store business in Moses Lake, Washington. The company was financed with an SBA 7(a) loan for a change of ownership, approved for $1,272,000 by Readycap Lending, LLC on April 9, 2025.

SBA 7(a) loan, change of ownership, approved Apr 9, 2025

$1,272,000 approvedLender: Readycap Lending, LLC25 years termPaid in fullLoan details
Gross approval
$1,272,000
SBA-guaranteed amount
$954,000 (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
9%, variable
Term
25 years (300 months)
Estimated maturity
April 9, 2050 (estimated, approval date plus term)
Estimated monthly payment
$10,675 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 1, 2025
Loan status
Paid in full
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Grant County, WA
SBA district office
Seattle District Office
Congressional district
WA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 31% 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