Main Street Registry

Snohomish Food Mart

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

Snohomish Food Mart is a gasoline station with convenience store in Snohomish, Washington, classified under NAICS 457110. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1,990,000, approved by Open Bank with a date of June 25, 2026. The business is operated under a franchise agreement with PacWest Energy (Shell) Retail Sales Agreement.

SBA 7(a) loan, change of ownership, approved Jun 25, 2026

$1,990,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,990,000
SBA-guaranteed amount
$1,492,500 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
June 25, 2051 (estimated, approval date plus term)
Estimated monthly payment
$15,690 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
PacWest Energy (Shell) Retail Sales Agreement
Project location
Whatcom County, WA
SBA district office
Seattle District Office
Congressional district
WA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 55% 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.

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Same industry in Washington