42 N Main St Marlboro LLC
42 N Main St Marlboro LLC is a used car dealer located in Marlboro, New Jersey. It financed real estate or equipment through an SBA 504 loan with a SBA portion of $1,028,000, approved on February 27, 2025, through Magyar Bank and Empire State Certified Development Corporation.
SBA 504 loan, approved Feb 27, 2025
$1,028,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,028,000
- Bank portion
- $1,094,125
- Estimated project size
- $2,357,917 (estimated)
- Estimated owner equity
- $235,792 (estimated, about 10% of the project)
- Bank lender
- Magyar Bank, New Brunswick, NJ
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- February 27, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 5
- Business type
- Corporation
- NAICS
- 441120, Used Car Dealers
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-4
- Collateral
- Yes
Estimated share of project by source
Bank 46% SBA (CDC) 44% Owner 10%
- Larger than 4% of expansion loans in Used Car Dealers on this site.
- Average expansion loan in Used Car Dealers: $1,930,870.
- Average expansion loan in New Jersey: $2,533,058.
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.
Is this your company? Claim or correct this listing. See Corrections.
Same industry in New Jersey
- King of Cars and Trucks Inc, Sewell aka Washington Township