Main Street Registry

Meyers Capital Partners LLC

Hoboken, NJ · Limited-Service Restaurants · NAICS 722513

Meyers Capital Partners LLC is a limited-service restaurant business in Hoboken, NJ. It was financed with an SBA 7(a) loan for a change of ownership, in the amount of $600,000, approved on September 15, 2025 by Newtek Bank, National Association.

SBA 7(a) loan, change of ownership, approved Sep 15, 2025

$600,000 approvedLender: Newtek Bank, National Association10 years termStatus not reported (SBA exemption)Loan details
Gross approval
$600,000
SBA-guaranteed amount
$450,000 (75% of the approval)
Lender
Newtek Bank, National Association, Miami, FL
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.5%, variable
Term
10 years (120 months)
Estimated maturity
September 15, 2035 (estimated, approval date plus term)
Estimated monthly payment
$8,096 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 25, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
6
Business type
Corporation
NAICS
722513, Limited-Service Restaurants
Project location
Hudson County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-08
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 16% 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