Main Street Registry

Prayom JC LLC

Jersey City, NJ · Beer, Wine, and Liquor Retailers · NAICS 445320

Prayom JC LLC is located in Jersey City, NJ, and the SBA lists its industry as Beer, Wine, and Liquor Retailers. It was approved for an SBA 7(a) loan of $890,000 for a change of ownership on November 17, 2023.

SBA 7(a) loan, change of ownership, approved Nov 17, 2023

Gross approval
$890,000
SBA-guaranteed amount
$667,500 (75% of the approval)
Lender
Happen Bank, Lehi, UT
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
November 17, 2033 (estimated, approval date plus term)
Estimated monthly payment
$12,009 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 1, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Hudson County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-08
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)

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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Same industry in New Jersey