GMA Food Services Inc
GMA Food Services Inc is a supermarket and grocery retailer located in Indianapolis, Indiana, operating in the supermarkets and other grocery retailers industry. The company was financed with an SBA 7(a) loan for a change of ownership of $539,800, approved on November 14, 2025, by First Bank Richmond.
SBA 7(a) loan, change of ownership, approved Nov 14, 2025
$539,800 approvedLender: First Bank Richmond10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $539,800
- SBA-guaranteed amount
- $404,850 (75% of the approval)
- Lender
- First Bank Richmond, Richmond, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 14, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,549 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- Marion County, IN
- SBA district office
- Indiana District Office
- Congressional district
- IN-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 3% 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 Indiana: $1,995,900.
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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