Main Street Registry

Azhar Halal Market & Grill

Tracy, CA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Azhar Halal Market & Grill is a grocery retailer in Tracy, CA, classified under Supermarkets and Other Grocery Retailers (except Convenience Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $854,000, approved on May 16, 2024 by IncredibleBank.

SBA 7(a) loan, change of ownership, approved May 16, 2024

$854,000 approvedLender: IncredibleBank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$854,000
SBA-guaranteed amount
$640,500 (75% of the approval)
Lender
IncredibleBank, Wausau, WI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
May 16, 2034 (estimated, approval date plus term)
Estimated monthly payment
$11,523 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 8, 2024
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
San Joaquin County, CA
SBA district office
Sacramento District Office
Congressional district
CA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 27% 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 California: $1,688,228.

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 California