SBA lending record
Cherry Market
120 S. EUCALYPTUS AVE, Inglewood, CA 90301 · Supermarkets and Other Grocery Retailers (except Convenience. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$390K
Total SBA financing
1
Loan on record
FY2023
On record
2
Jobs supported
● business · ● lender — business location is the ZIP-area centroid from the public record
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The loan
$390,000 — FY2023
- Gross approval
- $390,000
- SBA guaranteed
- $292,500 (75%)
- Status
- In liquidation
- Rate at approval
- 10.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Business purchase
- Approved
- 8/25/2023
- First disbursement
- 9/21/2023
- Days to fund
- 27 days
- Collateral
- Required
- Sold on secondary market
- Yes
The lender
Open Bank
1 loan to this business- Total assets
- $2699.4B
- Deposits
- $2328.1B
- Loans outstanding
- $2215.4B
- Net income
- $7.7B
- Return on assets
- 1.1568753301232797%
- Return on equity
- 12.14%
- Total equity
- $257.7B
- Offices
- 17
- Founded
- 06/1
- Headquarters
- 1000 Wilshire Blvd, Los Angeles, CA, 90017
- FDIC cert
- 57944
- Website
- www.myopenbank.com
Is Cherry Market your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records and FDIC BankFind. Figures are as reported; verify before relying on them. Not affiliated with Cherry Market.