Market Grocery Douglas, LLC
Market Grocery Douglas, LLC is a supermarket and grocery retailer in Winamac, Indiana, 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, in the amount of $2,799,300, approved by ChoiceOne Bank on September 28, 2026. The loan supports 23 jobs as reported in SBA data.
SBA 7(a) loan, change of ownership, approved Sep 28, 2026
$2,799,300 approvedLender: ChoiceOne Bank10 years termCommitted, not fully disbursedLoan details
- Gross approval
- $2,799,300
- SBA-guaranteed amount
- $2,519,370 (90% of the approval)
- Lender
- ChoiceOne Bank, Sparta, MI
- Processing method
- International Trade Loan: for businesses that export or are preparing to
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 28, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $34,707 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
- Pulaski County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 77% 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 Indiana: $1,995,900.
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 Indiana
- GMA Food Services Inc, Indianapolis