Cardinal Legacy LLC
Cardinal Legacy LLC is located in Parsippany, NJ, and the SBA lists its industry as Employment Placement Agencies. It was approved for an SBA 7(a) loan of $1,325,000 for a change of ownership on January 9, 2026.
SBA 7(a) loan, change of ownership, approved Jan 9, 2026
- Gross approval
- $1,325,000
- SBA-guaranteed amount
- $993,750 (75% of the approval)
- Lender
- Wilmington Savings Fund Society FSB, Wilmington, DE
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- January 9, 2036 (estimated, approval date plus term)
- Estimated monthly payment
- $16,606 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Mar 31, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 7
- Business type
- Corporation
- NAICS
- 561311, Employment Placement Agencies
- Project location
- Morris County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-11
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 43% of acquisition loans in Employment Placement Agencies on this site.
- Average acquisition loan in Employment Placement Agencies: $2,146,432.
- 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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