Capri Markets LLC
Capri Markets LLC is located in Greenville, IL, and the SBA lists its industry as Supermarkets and Other Grocery Retailers (except Convenience Retailers). It was approved for an SBA 7(a) loan of $4,280,000 for a change of ownership on November 3, 2023.
SBA 7(a) loan, change of ownership, approved Nov 3, 2023
- Gross approval
- $4,280,000
- SBA-guaranteed amount
- $3,210,000 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 11%, variable
- Term
- 15 years (180 months)
- Estimated maturity
- November 3, 2038 (estimated, approval date plus term)
- Estimated monthly payment
- $48,646 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Nov 9, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 90
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Bond County, IL
- SBA district office
- Illinois District Office
- Congressional district
- IL-13
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 92% 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 Illinois: $1,796,780.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Illinois
- Armitage Market Inc., Chicago
- Shop & Save Market #1500, Des Plaines
- Local Market Palatine, Palatine
- International Fresh Market, Naperville
- RMO, Inc., Waterloo
- Montrose Market Roselle Inc., Roselle
- Happy Foods, Chicago
- DJP Produce, LLC, Chicago