Main Street Registry

Armitage Market Inc.

Chicago, IL · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Armitage Market Inc. is located in Chicago, IL, and the SBA lists its industry as Supermarkets and Other Grocery Retailers (except Convenience Retailers). It was approved for an SBA 7(a) loan of $3,280,000 for a change of ownership on August 25, 2026.

SBA 7(a) loan, change of ownership, approved Aug 25, 2026

Gross approval
$3,280,000
SBA-guaranteed amount
$2,952,000 (90% of the approval)
Lender
Merchants Bank of Indiana, Carmel, IN
Processing method
International Trade Loan: for businesses that export or are preparing to
Initial interest rate
7.75%, variable
Term
10 years (120 months)
Estimated maturity
August 25, 2036 (estimated, approval date plus term)
Estimated monthly payment
$39,363 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
26
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-04
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Illinois