Main Street Registry

El Jalisco Market Inc

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

El Jalisco Market Inc is a supermarket and grocery retailer in Norcross, GA, classified under the industry Supermarkets and Other Grocery Retailers (except Convenience Retailers). The business financed real estate or equipment through an SBA 504 loan of $1,074,000, approved on August 16, 2024 by Peach State Bank & Trust with Capital Partners Certified Development Company.

SBA 504 loan, approved Aug 16, 2024

$1,074,000 SBA portionCDC: Capital Partners Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,074,000
Bank portion
$1,285,000
Estimated project size
$2,621,111 (estimated)
Estimated owner equity
$262,111 (estimated, about 10% of the project)
Bank lender
Peach State Bank & Trust, Gainesville, GA
CDC
Capital Partners Certified Development Company
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
August 16, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Gwinnett County, GA
SBA district office
Georgia District Office
Congressional district
GA-4
Collateral
Yes

Estimated share of project by source

Bank 49% SBA (CDC) 41% Owner 10%

  • Larger than 8% 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