Main Street Registry

PNW Rainier Market LLC

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

PNW Rainier Market LLC is a gasoline station with convenience store located in Rainier, Washington, operating under a franchise agreement with PacWest Energy (Shell). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $3,581,000 from Readycap Lending, LLC, approved on January 25, 2024.

SBA 7(a) loan, change of ownership, approved Jan 25, 2024

$3,581,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,581,000
SBA-guaranteed amount
$2,685,750 (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
January 25, 2049 (estimated, approval date plus term)
Estimated monthly payment
$32,541 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 27, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
PacWest Energy (Shell) Retail Sales Agreement
Project location
Thurston County, WA
SBA district office
Seattle District Office
Congressional district
WA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 82% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington