Main Street Registry

507 Express Mart

Yelm, WA · Convenience Retailers · NAICS 445131

507 Express Mart is a convenience retailer located in Yelm, Washington, classified under NAICS code 445131 (Convenience Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $745,000, provided by Hanmi Bank, with approval dated May 4, 2026.

SBA 7(a) loan, change of ownership, approved May 4, 2026

$745,000 approvedLender: Hanmi Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$745,000
SBA-guaranteed amount
$558,750 (75% of the approval)
Lender
Hanmi Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
May 4, 2051 (estimated, approval date plus term)
Estimated monthly payment
$5,627 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 15, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
Thurston County, WA
SBA district office
Seattle District Office
Congressional district
WA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 35% 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington