Renovo Supermarket Inc
Renovo Supermarket Inc is a supermarket and grocery retailer located in Watsontown, PA, classified under NAICS code 445110. The business was financed with an SBA 7(a) loan for a change of ownership of $2.7 million, approved by Wilmington Savings Fund Society FSB on January 10, 2025.
SBA 7(a) loan, change of ownership, approved Jan 10, 2025
$2,707,000 approvedLender: Wilmington Savings Fund Society FSB25 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,707,000
- SBA-guaranteed amount
- $2,030,250 (75% of the approval)
- Lender
- Wilmington Savings Fund Society FSB, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.5%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- January 10, 2050 (estimated, approval date plus term)
- Estimated monthly payment
- $23,651 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 27, 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
- Northumberland County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-09
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 75% 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 Pennsylvania: $1,636,965.
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 Pennsylvania
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