Main Street Registry

7063 Parsons Market LLC

Fresh Meadows, NY · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

7063 Parsons Market LLC, located in Fresh Meadows, NY, operates in supermarkets and other grocery retailers (except convenience retailers). The business was financed with an SBA 7(a) loan for a change of ownership, approved on January 29, 2026, in the amount of $1,424,000 through Readycap Lending, LLC.

SBA 7(a) loan, change of ownership, approved Jan 29, 2026

$1,424,000 approvedLender: Readycap Lending, LLC10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,424,000
SBA-guaranteed amount
$1,068,000 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
10 years (120 months)
Estimated maturity
January 29, 2036 (estimated, approval date plus term)
Estimated monthly payment
$18,232 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 18, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Queens County, NY
SBA district office
New York District Office
Congressional district
NY-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% 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 New York: $1,771,512.

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 New York