Main Street Registry

South Bay Market & Deli

Olympia, WA · Convenience Retailers · NAICS 445131

South Bay Market & Deli, located in Olympia, Washington, is classified under the industry Convenience Retailers (NAICS 445131). The business was financed with an SBA 7(a) loan for a change of ownership totaling $1.7 million, approved by Mountain Pacific Bank on July 22, 2026.

SBA 7(a) loan, change of ownership, approved Jul 22, 2026

$1,700,000 approvedLender: Mountain Pacific Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,700,000
SBA-guaranteed amount
$1,275,000 (75% of the approval)
Lender
Mountain Pacific Bank, Everett, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
July 22, 2051 (estimated, approval date plus term)
Estimated monthly payment
$13,404 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 6, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
Thurston 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 80% 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