Guzman Tavern L.L.C.
Guzman Tavern L.L.C. is located in Rockaway, NJ, and the SBA lists its industry as Drinking Places (Alcoholic Beverages). It was approved for an SBA 7(a) loan of $615,000 for a change of ownership on March 5, 2024.
SBA 7(a) loan, change of ownership, approved Mar 5, 2024
- Gross approval
- $615,000
- SBA-guaranteed amount
- $461,250 (75% of the approval)
- Lender
- Grasshopper Bank National Association, New York, NY
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- March 5, 2049 (estimated, approval date plus term)
- Estimated monthly payment
- $5,697 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 11, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 722410, Drinking Places (Alcoholic Beverages)
- Project location
- Morris County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 18% of acquisition loans in Drinking Places (Alcoholic Beverages) on this site.
- Average acquisition loan in Drinking Places (Alcoholic Beverages): $1,078,366.
- 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.
Is this your company? Claim or correct this listing. See Corrections.