Main Street Registry

Mainland Market Incorporated

San Francisco, CA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Mainland Market Incorporated is a supermarket and grocery retailer in San Francisco, California, classified under NAICS 445110 (Supermarkets and Other Grocery Retailers, except Convenience Retailers). The business was financed with an SBA 7(a) loan for a change of ownership of $855,000, approved on December 15, 2023, through Zions Bancorporation, National Association.

SBA 7(a) loan, change of ownership, approved Dec 15, 2023

$855,000 approvedLender: Zions Bancorporation, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$855,000
SBA-guaranteed amount
$641,250 (75% of the approval)
Lender
Zions Bancorporation, National Association, Salt Lake City, UT
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, fixed
Term
10 years (120 months)
Estimated maturity
December 15, 2033 (estimated, approval date plus term)
Estimated monthly payment
$10,831 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 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
San Francisco County, CA
SBA district office
San Francisco District Office
Congressional district
CA-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 28% 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 California: $1,688,228.

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