Main Street Registry

West Coast Petroleum LLC

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

West Coast Petroleum LLC, located in Seattle, Washington, operates in the gasoline stations with convenience stores industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $2.72 million, approved on August 7, 2024, by Celtic Bank Corporation.

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

$2,720,000 approvedLender: Celtic Bank Corporation25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,720,000
SBA-guaranteed amount
$2,040,000 (75% of the approval)
Lender
Celtic Bank Corporation, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
August 7, 2049 (estimated, approval date plus term)
Estimated monthly payment
$25,198 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 20, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
457110, Gasoline Stations with Convenience Stores
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 71% 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