Main Street Registry

Jaemi Cho, LLC

Seattle, WA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Jaemi Cho, LLC is located in Seattle, WA, and the SBA lists its industry as Supermarkets and Other Grocery Retailers (except Convenience Retailers). It was approved for an SBA 7(a) loan of $650,000 for a change of ownership on February 14, 2025.

SBA 7(a) loan, change of ownership, approved Feb 14, 2025

Gross approval
$650,000
SBA-guaranteed amount
$487,500 (75% of the approval)
Lender
PCB Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
February 14, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,322 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 28, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except 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)

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Washington