Main Street Registry

Fast & Easy Mart

Petaluma, CA · Beer, Wine, and Liquor Retailers · NAICS 445320

Fast & Easy Mart is located in Petaluma, CA, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $750,000 for a change of ownership on February 28, 2024.

SBA 7(a) loan, change of ownership, approved Feb 28, 2024

Gross approval
$750,000
SBA-guaranteed amount
$562,500 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
February 28, 2034 (estimated, approval date plus term)
Estimated monthly payment
$10,120 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 20, 2024
Loan status
Paid in full
Jobs supported
4
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Sonoma County, CA
SBA district office
San Francisco District Office
Congressional district
CA-02
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 California