Main Street Registry

Gastronome European Deli and Market

Lynn, MA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Gastronome European Deli and Market is a grocery retailer in Lynn, Massachusetts, 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 $786,000, approved by First Merchants Bank on December 17, 2025.

SBA 7(a) loan, change of ownership, approved Dec 17, 2025

$786,000 approvedLender: First Merchants Bank10 years termCommitted, not fully disbursedLoan details
Gross approval
$786,000
SBA-guaranteed amount
$589,500 (75% of the approval)
Lender
First Merchants Bank, Indianapolis, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
10 years (120 months)
Estimated maturity
December 17, 2035 (estimated, approval date plus term)
Estimated monthly payment
$10,279 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
23
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Essex County, MA
SBA district office
Massachusetts District Office
Congressional district
MA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 18% 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 Massachusetts: $1,643,977.

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 Massachusetts