Grove Street Portco 1 Inc.
Grove Street Portco 1 Inc. is a commercial printing business in Livingston, New Jersey, in the commercial printing (except screen and books) industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,135,000, approved by Live Oak Banking Company on April 15, 2026. The loan is associated with a franchise listed as PIP Center.
SBA 7(a) loan, change of ownership, approved Apr 15, 2026
$2,135,000 approvedLender: Live Oak Banking Company10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,135,000
- SBA-guaranteed amount
- $1,601,250 (75% of the approval)
- Lender
- Live Oak Banking Company, Wilmington, NC
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- April 15, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $26,471 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 323111, Commercial Printing (except Screen and Books)
- Franchise
- PIP Center
- Project location
- Essex County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 70% of acquisition loans in Commercial Printing (except Screen and Books) on this site.
- Average acquisition loan in Commercial Printing (except Screen and Books): $1,666,227.
- 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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