El Oaxaqueno Grocery

SBA (CDC) portion

$1,618,000

Bank portion

$1,582,500

Estimated project size

$3,556,111 (estimated)

Estimated owner equity

$355,611 (estimated, about 10% of the project)

Bank lender

Provident Bank, Jersey City, NJ

CDC

Trenton Business Assistance Corporation

Processing method

504 Basic: standard SBA processing through a CDC

Term

25 years (300 months)

Estimated maturity

July 26, 2049 (estimated, approval date plus term)

First disbursement

Oct 16, 2024

Loan status

Status not reported (SBA exemption)

Jobs supported

19

Business type

Corporation

NAICS

445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)

Project location

Ocean County, NJ

SBA district office

New Jersey District Office

Congressional district

NJ-4

Collateral

Yes

Estimated share of project by source

Bank 45% SBA (CDC) 45% Owner 10%

• Larger than 41% of expansion loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
• Average expansion loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $2,388,397.
• 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.