Cerulean Equity L.L.C.
Cerulean Equity L.L.C. is located in Rahway, NJ, and the SBA lists its industry as Residential Remodelers. It was approved for an SBA 7(a) loan of $3,169,000 for a change of ownership on March 21, 2025.
SBA 7(a) loan, change of ownership, approved Mar 21, 2025
- Gross approval
- $3,169,000
- SBA-guaranteed amount
- $2,376,750 (75% of the approval)
- Lender
- Truliant FCU, Winston-Salem, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $41,879 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 9, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 236118, Residential Remodelers
- Project location
- Union County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 90% of acquisition loans in Residential Remodelers on this site.
- Average acquisition loan in Residential Remodelers: $1,623,835.
- 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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