Aliet Capital LLC
Aliet Capital LLC, located in Branchburg, NJ, operates in electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesaling. The company was financed with an SBA 7(a) loan for a change of ownership totaling $3,097,000, approved on December 27, 2024 by Haddon Savings Bank.
SBA 7(a) loan, change of ownership, approved Dec 27, 2024
$3,097,000 approvedLender: Haddon Savings Bank10 years termStatus not reported (SBA exemption)Loan details
- Gross approval
- $3,097,000
- SBA-guaranteed amount
- $2,322,750 (75% of the approval)
- Lender
- Haddon Savings Bank, Haddon Heights, NJ
- Processing method
- Standard 7(a): the lender submits the application for SBA review
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- December 27, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $40,500 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jan 17, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 10
- Business type
- Corporation
- NAICS
- 423610, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
- Project location
- Somerset County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 80% of acquisition loans in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: $1,962,200.
- 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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- Ecom Group Inc, Edison