Main Street Registry

Fateh Fuel Inc

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

Fateh Fuel Inc, located in Everett, WA, operates in the gasoline stations with convenience stores industry (NAICS 457110) and is affiliated with a franchise agreement with S.A.S. Petroleum, Inc. (Marathon). The business was financed with an SBA 7(a) loan for a change of ownership of $2,326,000, approved on December 4, 2025 by Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Dec 4, 2025

$2,326,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,326,000
SBA-guaranteed amount
$1,744,500 (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
8.25%, variable
Term
25 years (300 months)
Estimated maturity
December 4, 2050 (estimated, approval date plus term)
Estimated monthly payment
$18,339 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 6, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
S.A.S. Petroleum, Inc. (Marathon) Retail Sales Agreement
Project location
Snohomish County, WA
SBA district office
Seattle District Office
Congressional district
WA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 63% 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