Main Street Registry

J-C Grocery Deli

Suquamish, WA · Convenience Retailers · NAICS 445131

J-C Grocery Deli is a business in Suquamish, Washington, in the convenience retailers industry (NAICS 445131). It was financed with an SBA 7(a) loan for a change of ownership in the amount of $510,000, approved on April 8, 2025 by Hanmi Bank.

SBA 7(a) loan, change of ownership, approved Apr 8, 2025

$510,000 approvedLender: Hanmi Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$510,000
SBA-guaranteed amount
$382,500 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
April 8, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,599 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
Kitsap 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 4% of acquisition loans in Convenience Retailers on this site.
  • Average acquisition loan in Convenience Retailers: $1,185,102.
  • 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