Main Street Registry

Mayco Food and Beverage LLC

Hackettstown, NJ · Limited-Service Restaurants · NAICS 722513

Mayco Food and Beverage LLC, located in Hackettstown, New Jersey, operates in the limited-service restaurants industry (NAICS 722513). The company was financed with an SBA 7(a) loan for a change of ownership of $1.115 million, approved by Provident Bank on September 24, 2024, and the business is a franchise under a Dairy Queen Enterprises of New Jersey store agreement.

SBA 7(a) loan, change of ownership, approved Sep 24, 2024

$1,115,000 approvedLender: Provident Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,115,000
SBA-guaranteed amount
$836,250 (75% of the approval)
Lender
Provident Bank, Jersey City, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.75%, variable
Term
25 years (300 months)
Estimated maturity
September 24, 2049 (estimated, approval date plus term)
Estimated monthly payment
$10,727 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 31, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Franchise
Dairy Queen Enterprises of New Jersey - ""the brazier"" Store Agreement
Project location
Warren County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% of acquisition loans in Limited-Service Restaurants on this site.
  • Average acquisition loan in Limited-Service Restaurants: $1,303,660.
  • 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