Main Street Registry

Sunrise Market LLC

Au Gres, MI · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Sunrise Market LLC is a supermarket and grocery retailer located in Au Gres, Michigan, in the Supermarkets and Other Grocery Retailers (except Convenience Retailers) industry. The company was financed with an SBA 7(a) loan for a change of ownership of $990,000, approved on March 27, 2025, through Horizon Bank.

SBA 7(a) loan, change of ownership, approved Mar 27, 2025

$990,000 approvedLender: Horizon Bank20 years termStatus not reported (SBA exemption)Loan details
Gross approval
$990,000
SBA-guaranteed amount
$742,500 (75% of the approval)
Lender
Horizon Bank, Michigan City, IN
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
20 years (240 months)
Estimated maturity
March 27, 2045 (estimated, approval date plus term)
Estimated monthly payment
$8,127 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 22, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Arenac County, MI
SBA district office
Michigan District Office
Congressional district
MI-05
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 40% 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 Michigan: $1,645,728.

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 Michigan