Main Street Registry

Los Compadres Ranch Market

Baldwin Park, CA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Los Compadres Ranch Market is located in Baldwin Park, CA, 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 $581,000 for a change of ownership on March 28, 2024.

SBA 7(a) loan, change of ownership, approved Mar 28, 2024

Gross approval
$581,000
SBA-guaranteed amount
$435,750 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
10 years (120 months)
Estimated maturity
March 28, 2034 (estimated, approval date plus term)
Estimated monthly payment
$7,759 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 30, 2024
Loan status
Paid in full
Jobs supported
9
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Los Angeles County, CA
SBA district office
Los Angeles District Office
Congressional district
CA-32
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)

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 California