Main Street Registry

Northshore Grocery

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

Northshore Grocery is a supermarket and grocery retailer in Amanda Park, Washington, classified under NAICS code 445110. The business was financed with an SBA 7(a) loan for a change of ownership totaling $1.14 million, approved by Open Bank on February 24, 2025.

SBA 7(a) loan, change of ownership, approved Feb 24, 2025

$1,140,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,140,000
SBA-guaranteed amount
$855,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, variable
Term
25 years (300 months)
Estimated maturity
February 24, 2050 (estimated, approval date plus term)
Estimated monthly payment
$9,372 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 27, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
3
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Grays Harbor County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 48% of acquisition loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
  • Average acquisition loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $1,791,981.
  • 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