Metro Food
Metro Food in Hyattsville, MD operates in the supermarkets and other grocery retailers (except convenience retailers) industry, NAICS 445110. The company was financed with an SBA 7(a) loan for a change of ownership of $2.56 million, approved on August 18, 2025 by TowneBank.
SBA 7(a) loan, change of ownership, approved Aug 18, 2025
$2,558,000 approvedLender: TowneBank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,558,000
- SBA-guaranteed amount
- $1,918,500 (75% of the approval)
- Lender
- TowneBank, Portsmouth, VA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $33,804 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 30
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Prince Georges County, MD
- SBA district office
- Washington District Office
- Congressional district
- MD-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 73% 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 Maryland: $1,627,337.
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 Maryland
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