Main Street Registry

CM Ventures III LLC

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

CM Ventures III LLC is a gasoline station and convenience store business in Lynden, WA, classified under NAICS 457110. The company was financed with an SBA 7(a) loan for a change of ownership, with an SBA portion of $3,475,000 approved on July 13, 2024, through lender Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Jul 13, 2024

Gross approval
$3,475,000
SBA-guaranteed amount
$2,606,250 (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
25 years (300 months)
Estimated maturity
July 13, 2049 (estimated, approval date plus term)
Estimated monthly payment
$31,577 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 2, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
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)

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