Main Street Registry

Sat Kaival Amboy Food Inc

Amboy, IL · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Sat Kaival Amboy Food Inc is a business in Amboy, IL that operates in supermarkets and other grocery retailing (except convenience retailers). The company was financed with an SBA 7(a) loan for a change of ownership of $1,445,700, approved on July 26, 2024 by Pan American Bank & Trust.

SBA 7(a) loan, change of ownership, approved Jul 26, 2024

$1,445,700 approvedLender: Pan American Bank & Trust150 months termStatus not reported (SBA exemption)Loan details
Gross approval
$1,445,700
SBA-guaranteed amount
$1,084,275 (75% of the approval)
Lender
Pan American Bank & Trust, Melrose Park, IL
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10%, variable
Term
12 years, 6 months (150 months)
Estimated maturity
January 26, 2037 (estimated, approval date plus term)
Estimated monthly payment
$16,920 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Lee County, IL
SBA district office
Illinois District Office
Congressional district
IL-16
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 57% 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 Illinois: $1,796,780.

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 Illinois