Main Street Registry

West Hill Market LLC

Kent, WA · Convenience Retailers · NAICS 445131

West Hill Market LLC is a convenience retailer in Kent, WA, in the convenience retailers industry (NAICS 445131). The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,998,000 approved on November 9, 2023, through lender Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Nov 9, 2023

$1,998,000 approvedLender: Readycap Lending, LLC25 years termPaid in fullLoan details
Gross approval
$1,998,000
SBA-guaranteed amount
$1,498,500 (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
25 years (300 months)
Estimated maturity
November 9, 2048 (estimated, approval date plus term)
Estimated monthly payment
$17,805 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 30, 2023
Loan status
Paid in full
Jobs supported
6
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 89% 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