Turnip Truck Midtown LLC
Turnip Truck Midtown LLC is a supermarket and grocery retailer in Nashville, Tennessee, classified under NAICS 445110 (Supermarkets and Other Grocery Retailers, except Convenience Retailers). The company financed real estate or equipment through an SBA 504 loan of $4,237,000 approved on April 17, 2024, with T Bank, National Association as the lending bank and Brightbridge, Inc. as the certified development company.
SBA 504 loan, approved Apr 17, 2024
$4,237,000 SBA portionCDC: Brightbridge, Inc.10 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $4,237,000
- Bank portion
- $5,179,302
- Estimated project size
- $10,462,558 (estimated)
- Estimated owner equity
- $1,046,256 (estimated, about 10% of the project)
- Bank lender
- T Bank, National Association, Dallas, TX
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 10 years (120 months)
- Estimated maturity
- April 17, 2034 (estimated, approval date plus term)
- First disbursement
- Sep 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 55
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Davidson County, TN
- SBA district office
- Tennessee District Office
- Congressional district
- TN-5
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 83% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- Average expansion loan in Tennessee: $2,402,643.
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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