Main Street Registry

Everglades International Food Market, LLC

Naples, FL · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Everglades International Food Market, LLC is a supermarket and grocery retailer in Naples, Florida, in the supermarkets and other grocery retailers industry (NAICS 445110). The business was financed with an SBA 7(a) loan for a change of ownership of $660,000, with HomeTrust Bank as the lender and an approval date of June 17, 2024.

SBA 7(a) loan, change of ownership, approved Jun 17, 2024

$660,000 approvedLender: HomeTrust Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$660,000
SBA-guaranteed amount
$495,000 (75% of the approval)
Lender
HomeTrust Bank, Asheville, NC
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
June 17, 2034 (estimated, approval date plus term)
Estimated monthly payment
$8,906 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jun 21, 2024
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
Collier County, FL
SBA district office
South Florida District Office
Congressional district
FL-25
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 10% 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 Florida: $1,808,559.

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 Florida