FBA Reviews
FBA Reviews is located in Raritan, NJ, and the SBA lists its industry as All Other Personal Services. It was approved for an SBA 7(a) loan of $1,693,000 for a change of ownership on June 18, 2025.
SBA 7(a) loan, change of ownership, approved Jun 18, 2025
- Gross approval
- $1,693,000
- SBA-guaranteed amount
- $1,269,750 (75% of the approval)
- Lender
- First Internet Bank of Indiana, Fishers, IN
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 10.25%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- June 18, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $22,608 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Jul 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 15
- Business type
- Corporation
- NAICS
- 812990, All Other Personal Services
- 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 66% of acquisition loans in All Other Personal Services on this site.
- Average acquisition loan in All Other Personal Services: $1,504,156.
- 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
- Panavid, Inc., Parsippany-Troy Hills
- Easy Passport Services Inc, Trenton