ELKI Printing LLC
ELKI Printing LLC is located in Somerville, NJ, and the SBA lists its industry as Commercial Printing (except Screen and Books). It was approved for an SBA 7(a) loan of $594,000 for a change of ownership on March 20, 2025.
SBA 7(a) loan, change of ownership, approved Mar 20, 2025
- Gross approval
- $594,000
- SBA-guaranteed amount
- $445,500 (75% of the approval)
- Lender
- Provident Bank, Jersey City, NJ
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- March 20, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $7,932 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 30, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 323111, Commercial Printing (except Screen and Books)
- Franchise
- Minuteman Press
- 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 14% of acquisition loans in Commercial Printing (except Screen and Books) on this site.
- Average acquisition loan in Commercial Printing (except Screen and Books): $1,666,227.
- 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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