Genesee Supermarkets
Genesee Supermarkets is located in Genesee, ID, 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 $1,025,000 for a change of ownership on January 30, 2026.
SBA 7(a) loan, change of ownership, approved Jan 30, 2026
- Gross approval
- $1,025,000
- SBA-guaranteed amount
- $768,750 (75% of the approval)
- Lender
- East West Bank, Pasadena, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 30, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $8,082 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 20, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Latah County, ID
- SBA district office
- Seattle District Office
- Congressional district
- ID-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 43% 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 Idaho: $1,527,113.
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 Idaho
- Pantera Market, LLC, Caldwell
- Mayia Ji LLC, Boise