Main Street Registry

Sunny Hong, LLC

Montesano, WA · Convenience Retailers · NAICS 445131

Sunny Hong, LLC is a convenience retailer located in Montesano, Washington, under NAICS code 445131. The company was financed with an SBA 7(a) loan for a change of ownership of $655,000, approved on January 13, 2024 by Gesa CU.

SBA 7(a) loan, change of ownership, approved Jan 13, 2024

$655,000 approvedLender: Gesa CU119 months termPaid in fullLoan details
Gross approval
$655,000
SBA-guaranteed amount
$491,250 (75% of the approval)
Lender
Gesa CU, Richland, WA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11%, variable
Term
9 years, 11 months (119 months)
Estimated maturity
December 13, 2033 (estimated, approval date plus term)
Estimated monthly payment
$9,064 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 16, 2024
Loan status
Paid in full
Jobs supported
2
Business type
Corporation
NAICS
445131, 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 20% 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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Same industry in Washington