Main Street Registry

The Way Petro LLC

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

The Way Petro LLC is a gasoline station with convenience store business in Kenmore, WA, classified under NAICS 457110, Gasoline Stations with Convenience Stores. The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $1,091,000 approved on August 26, 2025 by Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Aug 26, 2025

Gross approval
$1,091,000
SBA-guaranteed amount
$818,250 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
August 26, 2035 (estimated, approval date plus term)
Estimated monthly payment
$14,418 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
Franchise
Apro Distribution LLC -Â Motor Fuel Supply ContractÂ
Project location
King 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)

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