Gpe 1 LLC
Gpe 1 LLC is located in Newton, NJ, and the SBA lists its industry as Full-Service Restaurants. It was approved for an SBA 7(a) loan of $4,967,000 for a change of ownership on September 3, 2026.
SBA 7(a) loan, change of ownership, approved Sep 3, 2026
- Gross approval
- $4,967,000
- SBA-guaranteed amount
- $3,725,250 (75% of the approval)
- Lender
- Happen Bank, Lehi, UT
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 8%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- September 3, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $38,336 Estimated payment at the initial rate over the full term; actual terms vary.
- Loan status
- Committed, not fully disbursed
- Jobs supported
- 42
- Business type
- Corporation
- NAICS
- 722511, Full-Service Restaurants
- Project location
- Sussex County, NJ
- SBA district office
- New Jersey District Office
- Congressional district
- NJ-05
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Not reported as sold
- Revolving line of credit
- No (term loan)
- Larger than 99% 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.
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