Main Street Registry

Country Corner Market and Deli

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

Country Corner Market and Deli is a gasoline station with convenience store business in Eastsound, WA. It financed real estate or equipment through an SBA 504 loan of $2,458,000, approved on October 26, 2023 by Coastal Community Bank, with the certified development company Northwest Business Development Association.

SBA 504 loan, approved Oct 26, 2023

$2,458,000 SBA portionCDC: Northwest Business Development Association25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,458,000
Bank portion
$3,431,725
Estimated project size
$6,544,139 (estimated)
Estimated owner equity
$654,414 (estimated, about 10% of the project)
Bank lender
Coastal Community Bank, Everett, WA
CDC
Northwest Business Development Association
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
October 26, 2048 (estimated, approval date plus term)
First disbursement
Feb 14, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Project location
San Juan County, WA
SBA district office
Seattle District Office
Congressional district
WA-2
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 78% of expansion loans in Gasoline Stations with Convenience Stores on this site.
  • Average expansion loan in Gasoline Stations with Convenience Stores: $2,019,559.
  • Average expansion loan in Washington: $2,234,716.

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