Main Street Registry

Broadway Bar and Grill

Point Pleasant Beach, NJ · Full-Service Restaurants · NAICS 722511

Broadway Bar and Grill, located in Point Pleasant Beach, NJ, operates in the full-service restaurants industry (NAICS 722511). The company was financed with an SBA 7(a) loan for a change of ownership of $845,000, approved on July 22, 2026, through Provident Bank.

SBA 7(a) loan, change of ownership, approved Jul 22, 2026

$845,000 approvedLender: Provident Bank10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$845,000
SBA-guaranteed amount
$633,750 (75% of the approval)
Lender
Provident Bank, Jersey City, 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
July 22, 2036 (estimated, approval date plus term)
Estimated monthly payment
$11,050 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Aug 5, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
9
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Ocean County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 38% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New Jersey