Main Street Registry

Covalasco Properties II LLC

Marietta, GA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Covalasco Properties II LLC is a business in Marietta, Georgia, in the supermarkets and other grocery retailers industry (NAICS 445110). The company financed real estate or equipment through an SBA 504 loan of $1,091,000, approved on November 3, 2023, with JPMorgan Chase Bank, National Association as the bank partner and Small Business Access Partners, Inc. as the certified development company.

SBA 504 loan, approved Nov 3, 2023

$1,091,000 SBA portionCDC: Small Business Access Partners, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,091,000
Bank portion
$1,065,561
Estimated project size
$2,396,179 (estimated)
Estimated owner equity
$239,618 (estimated, about 10% of the project)
Bank lender
JPMorgan Chase Bank, National Association, Columbus, OH
CDC
Small Business Access Partners, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
November 3, 2048 (estimated, approval date plus term)
First disbursement
Apr 17, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Cobb County, GA
SBA district office
Georgia District Office
Congressional district
GA-11
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 10% 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 Georgia: $2,201,121.

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 Georgia