Indian Wholesale
Indian Wholesale is a grocery retailer in Charlotte, North Carolina, classified under supermarkets and other grocery retailers (except convenience retailers). The business financed real estate or equipment through an SBA 504 loan of $1,673,000, approved on February 11, 2026, with Servbank National Association as the bank and Carolina Business Capital, Inc. as the certified development company.
SBA 504 loan, approved Feb 11, 2026
$1,673,000 SBA portionCDC: Carolina Business Capital, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,673,000
- Bank portion
- $2,032,500
- Estimated project size
- $4,117,222 (estimated)
- Estimated owner equity
- $411,722 (estimated, about 10% of the project)
- Bank lender
- Servbank National Association, Oswego, IL
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- February 11, 2051 (estimated, approval date plus term)
- First disbursement
- Apr 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Mecklenburg County, NC
- SBA district office
- North Carolina District Office
- Congressional district
- NC-8
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 48% 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 North Carolina: $2,167,577.
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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