Main Street Registry

Super Foods

Temple, GA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Super Foods is a supermarket and grocery retailer located in Temple, Georgia, classified under NAICS code 445110 (Supermarkets and Other Grocery Retailers, except Convenience Retailers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $960,000, approved on January 26, 2024, through lender Centerstone SBA Lending, Inc.

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

$960,000 approvedLender: Centerstone SBA Lending, Inc.25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$960,000
SBA-guaranteed amount
$720,000 (75% of the approval)
Lender
Centerstone SBA Lending, Inc., Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
25 years (300 months)
Estimated maturity
January 26, 2049 (estimated, approval date plus term)
Estimated monthly payment
$9,064 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 29, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Carroll County, GA
SBA district office
Georgia District Office
Congressional district
GA-03
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 37% 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 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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Same industry in Georgia