Main Street Registry

Marina Apple Market

Marina, CA · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Marina Apple Market is a grocery retailer in Marina, California, classified under supermarkets and other grocery retailers (except convenience retailers). The business was financed with an SBA 7(a) loan for a change of ownership totaling $875,000, approved by Open Bank on July 7, 2025.

SBA 7(a) loan, change of ownership, approved Jul 7, 2025

$875,000 approvedLender: Open Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$875,000
SBA-guaranteed amount
$656,250 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
July 7, 2035 (estimated, approval date plus term)
Estimated monthly payment
$11,322 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 27, 2025
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
Monterey County, CA
SBA district office
Fresno District Office
Congressional district
CA-20
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 30% 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 California: $1,688,228.

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 California