Highsky Market, Inc.
Highsky Market, Inc., located in Boston, Massachusetts, operates in the All Other Specialty Food Retailers industry (NAICS 445298). The company was financed with an SBA 7(a) loan for a change of ownership of $1.62 million, approved on November 2, 2023, through Rockland Trust Company, with 24 jobs reported.
SBA 7(a) loan, change of ownership, approved Nov 2, 2023
$1,620,000 approvedLender: Rockland Trust Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,620,000
- SBA-guaranteed amount
- $1,215,000 (75% of the approval)
- Lender
- Rockland Trust Company, Rockland, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 7.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- November 2, 2033 (estimated, approval date plus term)
- Estimated monthly payment
- $19,019 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Dec 21, 2023
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 24
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Suffolk County, MA
- SBA district office
- Massachusetts District Office
- Congressional district
- MA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 62% of acquisition loans in All Other Specialty Food Retailers on this site.
- Average acquisition loan in All Other Specialty Food Retailers: $1,581,762.
- Average acquisition loan in Massachusetts: $1,643,977.
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 Massachusetts
- Good Team, Inc., Boston