SBA Loans for Grocery & Supermarkets
14,808 SBA loans have funded grocery & supermarkets nationwide, averaging $483K across 1,264 active SBA lenders, at an average note rate of 7.0%. SBA 7(a) loans up to $5M fund acquiring a grocery store or supermarket and refrigeration and store equipment; SBA 504 loans cover owner occupied real estate and equipment with as little as 10% down. PeerSense reads this lending history and sources capital for a grocery store.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
Source: SBA 7(a) and 504 loan records (NAICS 445110), 2000 to present.
14,808
SBA Loans Funded
$483K
Average Loan
7.0%
Avg Note Rate
12 yrs
Avg Term
1,264
Active Lenders
20.0%
Charge Off Rate (resolved loan basis)
What grocery & supermarkets use SBA loans for
Where grocery & supermarkets get SBA financing
| State | SBA Loans | Capital Deployed |
|---|---|---|
| California | 2,704 | $1.5B |
| New York | 2,134 | $1.1B |
| Texas | 651 | $393.3M |
| Michigan | 603 | $293.1M |
| Pennsylvania | 581 | $187.5M |
Talk to PeerSense about SBA capital for a grocery store.
Tell us your loan amount and use of funds. PeerSense sources capital for a grocery store, anywhere in the US.
SBA 7(a) / 504, Grocery & Supermarkets: The desk will reach out. No obligation.
How grocery & supermarkets qualify for an SBA loan
SBA 7(a) loans are the most common path for grocery & supermarkets financing acquiring a grocery store or supermarket. They run up to $5M, fund up to 90% of a project, and amortize over 10 years for a business purchase or up to 25 years when real estate is included. SBA 504 loans pair a bank loan with a CDC debenture for owner occupied real estate and heavy equipment, typically at 10% down.
With 14,808 loans on record across 1,264 lenders and a 20.0% historical charge off rate, grocery & supermarkets are a well understood credit to SBA lenders, but not every lender is active in this profession or comfortable with its deal structure. PeerSense reads the lending history and sources capital through a curated network, then stays with you through closing.