Main Street Registry

Mi Rancho Supermarket (SF), Inc.

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

Mi Rancho Supermarket (SF), Inc. is a supermarket and grocery retailer located in San Francisco, California, classified under NAICS code 445110. The business financed real estate or equipment through an SBA 504 loan, with an SBA portion of $1,026,000 and total project financing of $1,475,000, approved by Bank of America, National Association and The Mortgage Capital Development Corporation on February 26, 2024.

SBA 504 loan, approved Feb 26, 2024

$1,026,000 SBA portionCDC: The Mortgage Capital Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,026,000
Bank portion
$1,475,000
Estimated project size
$2,778,889 (estimated)
Estimated owner equity
$277,889 (estimated, about 10% of the project)
Bank lender
Bank of America, National Association, Charlotte, NC
CDC
The Mortgage Capital Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 26, 2049 (estimated, approval date plus term)
First disbursement
Oct 16, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
40
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
San Francisco County, CA
SBA district office
San Francisco District Office
Congressional district
CA-12
Collateral
Yes

Estimated share of project by source

Bank 53% SBA (CDC) 37% Owner 10%

  • Larger than 2% 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 California: $2,161,468.

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