Main Street Registry

Intown Grocery LLC

Columbus, GA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Intown Grocery LLC is a supermarket and grocery retailer in Columbus, Georgia, classified under NAICS 445110 (Supermarkets and Other Grocery Retailers, except Convenience Retailers). The business was financed with an SBA 7(a) loan for a change of ownership, in the amount of $552,800, approved on September 11, 2024, by Cogent Bank.

SBA 7(a) loan, change of ownership, approved Sep 11, 2024

$552,800 approvedLender: Cogent Bank102 months termStatus not reported (SBA exemption)Loan details
Gross approval
$552,800
SBA-guaranteed amount
$414,600 (75% of the approval)
Lender
Cogent Bank, Orlando, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
11.25%, variable
Term
8 years, 6 months (102 months)
Estimated maturity
March 11, 2033 (estimated, approval date plus term)
Estimated monthly payment
$8,441 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 13, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Muscogee County, GA
SBA district office
Georgia District Office
Congressional district
GA-02
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 4% 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 Georgia: $2,017,638.

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 Georgia