Main Street Registry

Perrine's Fresh Produce LLC

Port Orange, FL · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Perrine's Fresh Produce LLC, located in Port Orange, Florida, operates in the supermarkets and other grocery retailers industry (NAICS 445110). The company was financed with two SBA 7(a) loans for a change of ownership, approved by Live Oak Banking Company on January 23, 2025 and January 24, 2025, with a combined approved amount of $5,000,000.

SBA 7(a) loan, change of ownership, approved Jan 24, 2025

$4,500,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,500,000
SBA-guaranteed amount
$3,375,000 (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%, variable
Term
10 years (120 months)
Estimated maturity
January 24, 2035 (estimated, approval date plus term)
Estimated monthly payment
$57,004 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 2, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
104
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Volusia County, FL
SBA district office
North Florida District Office
Congressional district
FL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 95% 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 Florida: $1,808,559.

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.

SBA 7(a) loan, change of ownership, approved Jan 23, 2025

$500,000 approvedLender: Live Oak Banking Company10 years termCommitted, not fully disbursedLoan details
Gross approval
$500,000
SBA-guaranteed amount
$250,000 (50% of the approval)
Lender
Live Oak Banking Company, Wilmington, NC
Processing method
SBA Express: streamlined process using the lender's own procedures, with a smaller SBA guarantee
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
January 23, 2035 (estimated, approval date plus term)
Estimated monthly payment
$6,470 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
104
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Volusia County, FL
SBA district office
North Florida District Office
Congressional district
FL-06
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
Yes
  • Average acquisition loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $1,791,981.
  • Average acquisition loan in Florida: $1,808,559.

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 Florida