Main Street Registry

West Hill Mart Corp

Kent, WA · Convenience Retailers · NAICS 445131

West Hill Mart Corp is a convenience retailer in Kent, Washington, classified under NAICS 445131 (Convenience Retailers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $2,429,000, approved on December 12, 2024 by Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Dec 12, 2024

$2,429,000 approvedLender: Readycap Lending, LLC25 years termPaid in fullLoan details
Gross approval
$2,429,000
SBA-guaranteed amount
$1,821,750 (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
9%, variable
Term
25 years (300 months)
Estimated maturity
December 12, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,384 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 19, 2024
Loan status
Paid in full
Jobs supported
3
Business type
Corporation
NAICS
445131, Convenience Retailers
Project location
King County, WA
SBA district office
Seattle District Office
Congressional district
WA-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 93% 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