Latoor LLC
Latoor LLC is located in Seattle, WA, and the SBA lists its industry as Convenience Retailers. It was approved for an SBA 7(a) loan of $745,000 for a change of ownership on June 27, 2025.
SBA 7(a) loan, change of ownership, approved Jun 27, 2025
- Gross approval
- $745,000
- SBA-guaranteed amount
- $558,750 (75% of the approval)
- Lender
- First-Citizens Bank & Trust Company, Raleigh, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 27, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $9,538 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 25, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- 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 35% 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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