Evergreen Farm Markets LLC
Evergreen Farm Markets LLC is a fruit and vegetable retailer in Port Orchard, Washington, in the Fruit and Vegetable Retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $1.79 million, approved by Evolve Bank and Trust with an approval date of September 30, 2026.
SBA 7(a) loan, change of ownership, approved Sep 30, 2026
$1,790,000 approvedLender: Evolve Bank and Trust25 years termCommitted, not fully disbursedLoan details
- Gross approval
- $1,790,000
- SBA-guaranteed amount
- $1,342,500 (75% of the approval)
- Lender
- Evolve Bank and Trust, West Memphis, AR
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 30, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $15,951 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 8
- Business type
- Corporation
- NAICS
- 445230, Fruit and Vegetable Retailers
- Project location
- Kitsap County, WA
- SBA district office
- Seattle District Office
- Congressional district
- WA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Fruit and Vegetable Retailers: $1,477,500.
- 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
- Red Barn Market & Nursery, Puyallup