Main Street Registry

Belltown Brothers Inc

Seattle, WA · Convenience Retailers · NAICS 445131

Belltown Brothers Inc is a convenience retailer in Seattle, Washington, in the Convenience Retailers industry (NAICS 445131). The company was financed with an SBA 7(a) loan for a change of ownership of $1,551,000, approved on January 28, 2025, through Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Jan 28, 2025

$1,551,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,551,000
SBA-guaranteed amount
$1,163,250 (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
10 years (120 months)
Estimated maturity
January 28, 2035 (estimated, approval date plus term)
Estimated monthly payment
$20,497 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 19, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
7
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-07
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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