Mabel's Provisions LLC
Mabel's Provisions LLC is a grocery retailer in Kennebunk, Maine, in the supermarkets and other grocery retailers industry (NAICS 445110). The company financed real estate or equipment through an SBA 504 loan of $1,230,000, with Kennebunk Savings Bank as the lender and Granite State Economic Development Corporation as the certified development company, with approval dated April 26, 2024.
SBA 504 loan, approved Apr 26, 2024
- SBA (CDC) portion
- $1,230,000
- Bank portion
- $1,498,000
- Estimated project size
- $3,031,111 (estimated)
- Estimated owner equity
- $303,111 (estimated, about 10% of the project)
- Bank lender
- Kennebunk Savings Bank, Kennebunk, ME
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- April 26, 2049 (estimated, approval date plus term)
- First disbursement
- Apr 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
- Project location
- York County, ME
- SBA district office
- Maine District Office
- Congressional district
- ME-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 19% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
- Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
- Average expansion loan in Maine: $2,027,182.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in Maine
- Nature's Way Market, South Berwick
- Lois' Natural Marketplace Inc, Scarborough
- ST Davies Corp, Sanford
- Sandy River Shop 'n Save Inc, Phillips