Main Street Registry

Meridian Supermart

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

Meridian Supermart is a gasoline station with convenience store business in Bellingham, Washington, classified under NAICS 457110. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $1,928,000, approved by US Metro Bank on January 22, 2025.

SBA 7(a) loan, change of ownership, approved Jan 22, 2025

$1,928,000 approvedLender: US Metro Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,928,000
SBA-guaranteed amount
$1,446,000 (75% of the approval)
Lender
US Metro Bank, Garden Grove, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
January 22, 2050 (estimated, approval date plus term)
Estimated monthly payment
$16,180 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
1
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)
  • Larger than 53% of acquisition loans in Gasoline Stations with Convenience Stores on this site.
  • Average acquisition loan in Gasoline Stations with Convenience Stores: $2,177,273.
  • 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