Main Street Registry

River Canyon Espresso LLC

Yakima, WA · Snack and Nonalcoholic Beverage Bars · NAICS 722515

River Canyon Espresso LLC is a snack and nonalcoholic beverage bar located in Yakima, Washington. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $775,000, approved on October 21, 2024, through Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Oct 21, 2024

$775,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$775,000
SBA-guaranteed amount
$581,250 (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
10.25%, variable
Term
25 years (300 months)
Estimated maturity
October 21, 2049 (estimated, approval date plus term)
Estimated monthly payment
$7,179 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
45
Business type
Corporation
NAICS
722515, Snack and Nonalcoholic Beverage Bars
Project location
Yakima County, WA
SBA district office
Seattle District Office
Congressional district
WA-04
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 43% of acquisition loans in Snack and Nonalcoholic Beverage Bars on this site.
  • Average acquisition loan in Snack and Nonalcoholic Beverage Bars: $1,080,276.
  • 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