Main Street Registry

CM Ventures III LLC

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

CM Ventures III LLC is located in Lynden, WA, and the SBA lists its industry as Gasoline Stations with Convenience Stores. It was approved for an SBA 7(a) loan of $3,475,000 for a change of ownership on July 13, 2024.

SBA 7(a) loan, change of ownership, approved Jul 13, 2024

Gross approval
$3,475,000
SBA-guaranteed amount
$2,606,250 (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
July 13, 2049 (estimated, approval date plus term)
Estimated monthly payment
$31,577 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Whatcom County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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