Main Street Registry

Market Grocery Douglas, LLC

Douglas, MI · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Market Grocery Douglas, LLC is a supermarket and grocery retailer in Douglas, MI, 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 $1,113,900, approved on January 29, 2026, through ChoiceOne Bank.

SBA 7(a) loan, change of ownership, approved Jan 29, 2026

$1,113,900 approvedLender: ChoiceOne Bank126 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,113,900
SBA-guaranteed amount
$835,425 (75% of the approval)
Lender
ChoiceOne Bank, Sparta, MI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.1%, variable
Term
10 years, 6 months (126 months)
Estimated maturity
July 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$12,566 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Feb 10, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
24
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Allegan County, MI
SBA district office
Michigan District Office
Congressional district
MI-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 44% 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 Michigan: $1,645,728.

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 Michigan