Bap Hospitality Inc.
Bap Hospitality Inc. is a gasoline station with convenience store business located in Maple Falls, WA, classified under NAICS code 457110. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,775,000, approved on November 14, 2025, through Mountain Pacific Bank. The loan is associated with a franchise agreement with WSCO Petroleum Corp. and the SBA reports 12 jobs.
SBA 7(a) loan, change of ownership, approved Nov 14, 2025
$1,775,000 approvedLender: Mountain Pacific Bank25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,775,000
- SBA-guaranteed amount
- $1,331,250 (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
- November 14, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $13,995 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 31, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 457110, Gasoline Stations with Convenience Stores
- Franchise
- WSCO Petroleum Corp. - Branded Retailer Contract
- 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 48% 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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