Main Street Registry

Lois' Natural Marketplace Inc

Scarborough, ME · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Lois' Natural Marketplace Inc is a supermarket and grocery retailer located in Scarborough, Maine, under NAICS code 445110. The business was financed with an SBA 7(a) loan for a change of ownership of $1.8 million, approved on October 10, 2024 by Norway Savings Bank.

SBA 7(a) loan, change of ownership, approved Oct 10, 2024

$1,800,000 approvedLender: Norway Savings Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,800,000
SBA-guaranteed amount
$1,350,000 (75% of the approval)
Lender
Norway Savings Bank, Norway, ME
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
7.75%, fixed
Term
10 years (120 months)
Estimated maturity
October 10, 2034 (estimated, approval date plus term)
Estimated monthly payment
$21,602 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 24, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
30
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Cumberland County, ME
SBA district office
Maine District Office
Congressional district
ME-01
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 64% 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 Maine: $1,448,582.

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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