Main Street Registry

Kang's Family Inc.

Everett, WA · Convenience Retailers · NAICS 445131

Kang's Family Inc. is a convenience retailer located in Everett, Washington, in the NAICS category for convenience retailers. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,235,000, approved by Mountain Pacific Bank on May 30, 2025.

SBA 7(a) loan, change of ownership, approved May 30, 2025

$1,235,000 approvedLender: Mountain Pacific Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,235,000
SBA-guaranteed amount
$926,250 (75% of the approval)
Lender
Mountain Pacific Bank, Everett, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
May 30, 2050 (estimated, approval date plus term)
Estimated monthly payment
$9,945 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 18, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
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 66% 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