Roman Enterprises Zg, LLC
Roman Enterprises Zg, LLC is a business in Hillside, NJ, in the paint, varnish, and supplies merchant wholesalers industry (NAICS 424950). The company was financed with an SBA 7(a) loan for a change of ownership, in the amount of $2,060,000, from Beacon Bank and Trust, with approval dated March 6, 2025.
SBA 7(a) loan, change of ownership, approved Mar 6, 2025
$2,060,000 approvedLender: Beacon Bank and Trust10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,060,000
- SBA-guaranteed amount
- $1,545,000 (75% of the approval)
- Lender
- Beacon Bank and Trust, Brookline, MA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 6, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $26,375 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 21, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 2
- Business type
- Corporation
- NAICS
- 424950, Paint, Varnish, and Supplies Merchant Wholesalers
- Project location
- Union County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-10
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Paint, Varnish, and Supplies Merchant Wholesalers: $1,099,750.
- 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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