Simply Fresh Market, LLC
Simply Fresh Market, LLC is located in Marietta, Georgia, and operates in the All Other Specialty Food Retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $711,000, through First Merchants Bank, with approval dated June 18, 2024. The loan was reported with 9 jobs.
SBA 7(a) loan, change of ownership, approved Jun 18, 2024
$711,000 approvedLender: First Merchants Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $711,000
- SBA-guaranteed amount
- $533,250 (75% of the approval)
- Lender
- First Merchants Bank, Indianapolis, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $9,694 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 8, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Cobb County, GA
- SBA district office
- Georgia District Office
- Congressional district
- GA-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 14% of acquisition loans in All Other Specialty Food Retailers on this site.
- Average acquisition loan in All Other Specialty Food Retailers: $1,581,762.
- Average acquisition loan in Georgia: $2,017,638.
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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