Main Street Registry

Supermercado Los 3 Hermanos

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

Supermercado Los 3 Hermanos is a supermarket and grocery retailer in Gainesville, Georgia, in the Supermarkets and Other Grocery Retailers (except Convenience Retailers) industry. The business was financed with an SBA 7(a) loan for a change of ownership, approved for $5 million through Metro City Bank with a January 29, 2025 approval date.

SBA 7(a) loan, change of ownership, approved Jan 29, 2025

$5,000,000 approvedLender: Metro City Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Metro City Bank, Doraville, GA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
January 29, 2050 (estimated, approval date plus term)
Estimated monthly payment
$39,423 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 4, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
25
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Hall County, GA
SBA district office
Georgia District Office
Congressional district
GA-09
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 97% 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