Academy Furniture and Supplies
Academy Furniture and Supplies, located in Mount Laurel, NJ, is classified under the industry Furniture Merchant Wholesalers (NAICS 423210). The company was financed with an SBA 7(a) loan for a change of ownership of $1,039,000, approved by First Internet Bank of Indiana with a date of July 14, 2026.
SBA 7(a) loan, change of ownership, approved Jul 14, 2026
$1,039,000 approvedLender: First Internet Bank of Indiana10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,039,000
- SBA-guaranteed amount
- $779,250 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- July 14, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $13,303 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 22, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 12
- Business type
- Corporation
- NAICS
- 423210, Furniture Merchant Wholesalers
- Project location
- Burlington County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-01
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 42% of acquisition loans in Furniture Merchant Wholesalers on this site.
- Average acquisition loan in Furniture Merchant Wholesalers: $2,056,542.
- 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
- The Seating Shoppe Inc., Perth Amboy