Main Street Registry

343 Hillsdale Ristorante LLC

Hillsdale, NJ · Full-Service Restaurants · NAICS 722511

343 Hillsdale Ristorante LLC is a full-service restaurant in Hillsdale, New Jersey. The business was financed with an SBA 7(a) loan for a change of ownership of $1 million, approved on March 7, 2025, by lender Readycap Lending, LLC.

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

$1,000,000 approvedLender: Readycap Lending, LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,000,000
SBA-guaranteed amount
$750,000 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.25%, variable
Term
25 years (300 months)
Estimated maturity
March 7, 2050 (estimated, approval date plus term)
Estimated monthly payment
$8,564 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 21, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Bergen County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 51% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • Average acquisition loan in New Jersey: $1,626,307.

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 New Jersey