Morris Market
Morris Market is located in Stockton, CA, and the SBA lists its industry as Convenience Retailers. It was approved for an SBA 7(a) loan of $665,000 for a change of ownership on December 1, 2025.
SBA 7(a) loan, change of ownership, approved Dec 1, 2025
- Gross approval
- $665,000
- SBA-guaranteed amount
- $498,750 (75% of the approval)
- Lender
- Open Bank, Los Angeles, CA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 1, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $8,514 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 14, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 445131, Convenience Retailers
- Project location
- San Joaquin County, CA
- SBA district office
- Sacramento District Office
- Congressional district
- CA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 21% of acquisition loans in Convenience Retailers on this site.
- Average acquisition loan in Convenience Retailers: $1,185,102.
- 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
- Save More Market Inc, San Bernardino
- Red Corral Mini Mart, Pioneer
- Tranquillity Market, Tranquillity
- SSSB 3 Corp, Bakersfield
- Varsity Liquor & Food Inc, Fresno
- John's Market & Liquor, Fontana
- Cal Park Liquors, Stockton
- Country Club Holdings LLC, Eureka