Main Street Registry

Sea Market Inc

Seattle, WA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Sea Market Inc, located in Seattle, Washington, operates in the supermarkets and other grocery retailers industry (NAICS 445110). The business was financed with an SBA 7(a) loan for a change of ownership totaling $960,500, approved on February 24, 2025 by Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Feb 24, 2025

$960,500 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$960,500
SBA-guaranteed amount
$720,375 (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
9.75%, variable
Term
10 years (120 months)
Estimated maturity
February 24, 2035 (estimated, approval date plus term)
Estimated monthly payment
$12,560 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
23
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 37% of acquisition loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
  • Average acquisition loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $1,791,981.
  • 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