Advanced Heart And Vascular Of Central Jersey LLC
Advanced Heart And Vascular Of Central Jersey LLC is located in Colts Neck, New Jersey, and operates in the offices of physicians (except mental health specialists) industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $500,000, approved on May 21, 2025 by Grasshopper Bank National Association.
SBA 7(a) loan, change of ownership, approved May 21, 2025
$500,000 approvedLender: Grasshopper Bank National Association10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $500,000
- SBA-guaranteed amount
- $375,000 (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
- 10.5%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- May 21, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $6,747 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 11, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 9
- Business type
- Corporation
- NAICS
- 621111, Offices of Physicians (except Mental Health Specialists)
- Project location
- Monmouth County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Average acquisition loan in Offices of Physicians (except Mental Health Specialists): $1,706,191.
- 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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