Buttercup Group LLC
Buttercup Group LLC is a supermarket and grocery retailer in Georgia, Vermont, classified under NAICS 445110 (Supermarkets and Other Grocery Retailers, except Convenience Retailers). The business financed real estate or equipment through an SBA 504 loan of $1,375,000, approved on May 23, 2024, with Community National Bank as the lender and Granite State Economic Development Corporation as the certified development company.
SBA 504 loan, approved May 23, 2024
- SBA (CDC) portion
- $1,375,000
- Bank portion
- $1,915,000
- Estimated project size
- $3,655,556 (estimated)
- Estimated owner equity
- $365,556 (estimated, about 10% of the project)
- Bank lender
- Community National Bank, Derby, VT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- May 23, 2049 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 20
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Franklin County, VT
- SBA district office
- Vermont District Office
- Congressional district
- VT-0
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Larger than 25% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- Average expansion loan in Vermont: $2,456,833.
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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