Tailor Cut Produce, Inc.
Tailor Cut Produce, Inc. is a frozen specialty food manufacturing business in North Brunswick, New Jersey, classified under NAICS code 311412. It was financed with an SBA 7(a) loan for a change of ownership totaling $2,651,500, approved on September 7, 2025, by The Huntington National Bank.
SBA 7(a) loan, change of ownership, approved Sep 7, 2025
$2,651,500 approvedLender: The Huntington National Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $2,651,500
- SBA-guaranteed amount
- $1,988,625 (75% of the approval)
- Lender
- The Huntington National Bank, Columbus, OH
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- September 7, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $33,948 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Oct 16, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 43
- Business type
- Corporation
- NAICS
- 311412, Frozen Specialty Food Manufacturing
- Project location
- Middlesex County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-06
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Frozen Specialty Food Manufacturing: $1,517,000.
- 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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