Main Street Registry

SST Friends Inc

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

SST Friends Inc, located in Everett, WA, operates in the gasoline stations with convenience stores industry (NAICS 457110). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,631,500 approved on February 18, 2024 by lender Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Feb 18, 2024

$1,631,500 approvedLender: Readycap Lending, LLC25 years termPaid in fullLoan details
Gross approval
$1,631,500
SBA-guaranteed amount
$1,223,625 (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%, variable
Term
25 years (300 months)
Estimated maturity
February 18, 2049 (estimated, approval date plus term)
Estimated monthly payment
$14,825 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2024
Loan status
Paid in full
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
Snohomish 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 42% 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