B&B Party Rentals of NJ Inc.
B&B Party Rentals of NJ Inc. is located in Eatontown, New Jersey, and is classified under NAICS 532289, All Other Consumer Goods Rental. The company financed real estate or equipment through an SBA 504 loan of $2,863,000 (SBA portion), approved on May 7, 2024, with Provident Bank as the lender and Trenton Business Assistance Corporation as the certified development company.
SBA 504 loan, approved May 7, 2024
$2,863,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,863,000
- Bank portion
- $3,895,000
- Estimated project size
- $7,508,889 (estimated)
- Estimated owner equity
- $750,889 (estimated, about 10% of the project)
- Bank lender
- Provident Bank, Jersey City, NJ
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- May 7, 2049 (estimated, approval date plus term)
- First disbursement
- Feb 12, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 75
- Business type
- Corporation
- NAICS
- 532289, All Other Consumer Goods Rental
- 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 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in All Other Consumer Goods Rental: $2,124,333.
- 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.
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