Yogiraj6347 LLC
Yogiraj6347 LLC, located in Hoboken, New Jersey, is classified under the NAICS industry Private Mail Centers. The business was financed with an SBA 7(a) loan for a change of ownership of $585,000, approved December 20, 2024, through Peapack Private Bank and Trust.
SBA 7(a) loan, change of ownership, approved Dec 20, 2024
- Gross approval
- $585,000
- SBA-guaranteed amount
- $438,750 (75% of the approval)
- Lender
- Peapack Private Bank and Trust, Bedminster, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 20, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $7,650 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 1, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 561431, Private Mail Centers
- Project location
- Hudson County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-08
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 15% of acquisition loans in Private Mail Centers on this site.
- Average acquisition loan in Private Mail Centers: $940,205.
- 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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