Main Street Registry

Puyallup Investment LLC

Puyallup, WA · Convenience Retailers · NAICS 445131

Puyallup Investment LLC is a convenience retailer in Puyallup, Washington, in the Convenience Retailers industry (NAICS 445131). The company was financed with an SBA 7(a) loan for a change of ownership of $1,541,000, approved on May 6, 2024 by Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved May 6, 2024

$1,541,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,541,000
SBA-guaranteed amount
$1,155,750 (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
9.5%, variable
Term
25 years (300 months)
Estimated maturity
May 6, 2049 (estimated, approval date plus term)
Estimated monthly payment
$13,464 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 23, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
Pierce County, WA
SBA district office
Seattle District Office
Congressional district
WA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 74% 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