Egg Harbor Property LLC
Egg Harbor Property LLC is located in Egg Harbor City, NJ, and the SBA lists its industry as Engineering Services. It was approved for an SBA 7(a) loan of $5,000,000 for a change of ownership on December 23, 2024.
SBA 7(a) loan, change of ownership, approved Dec 23, 2024
- Gross approval
- $5,000,000
- SBA-guaranteed amount
- $3,750,000 (75% of the approval)
- Lender
- Hanover Community Bank, Mineola, NY
- 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 23, 2034 (estimated, approval date plus term)
- Estimated monthly payment
- $65,385 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Feb 5, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 35
- Business type
- Corporation
- NAICS
- 541330, Engineering Services
- Project location
- Atlantic County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-02
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 96% of acquisition loans in Engineering Services on this site.
- Average acquisition loan in Engineering Services: $1,946,706.
- 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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Same industry in New Jersey
- Connell Industries, Florham Park
- Roberts Engineering Group, LLC, Hamilton
- EJC Systems, Inc., Newfoundland
- Distinct Engineering Solutions, Inc., North Brunswick
- Rls Enterprises, Branchburg