Main Street Registry

Olde Kountry Market II LLC

Vernon, NY · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Olde Kountry Market II LLC, located in Vernon, NY, operates in the supermarkets and other grocery retailers industry (NAICS 445110). The company was financed with an SBA 7(a) loan for a change of ownership of $2.87 million, approved on October 31, 2024 by Live Oak Banking Company.

SBA 7(a) loan, change of ownership, approved Oct 31, 2024

$2,865,000 approvedLender: Live Oak Banking Company15 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,865,000
SBA-guaranteed amount
$2,148,750 (75% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
15 years (180 months)
Estimated maturity
October 31, 2039 (estimated, approval date plus term)
Estimated monthly payment
$30,351 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 8, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
27
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Oneida County, NY
SBA district office
Syracuse District Office
Congressional district
NY-22
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
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 New York: $1,771,512.

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 New York