BK Food and Liquor LLC
BK Food and Liquor LLC is a specialty food retailer in Basking Ridge, NJ, classified under the NAICS industry All Other Specialty Food Retailers. The business was financed with an SBA 7(a) loan for a change of ownership of $1.825 million, approved on April 20, 2026 through Columbia Bank.
SBA 7(a) loan, change of ownership, approved Apr 20, 2026
$1,825,000 approvedLender: Columbia Bank307 months termStatus not reported (SBA exemption)Loan details
- Gross approval
- $1,825,000
- SBA-guaranteed amount
- $1,368,750 (75% of the approval)
- Lender
- Columbia Bank, Fair Lawn, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9%, variable
- Term
- 25 years, 7 months (307 months)
- Estimated maturity
- November 20, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $15,223 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jun 26, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 445298, All Other Specialty Food Retailers
- Project location
- Somerset County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 71% of acquisition loans in All Other Specialty Food Retailers on this site.
- Average acquisition loan in All Other Specialty Food Retailers: $1,581,762.
- 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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