NovaRise LLC
NovaRise LLC is located in Bethlehem, PA, and the SBA lists its industry as Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers. It was approved for an SBA 7(a) loan of $1,250,000 for a change of ownership on August 19, 2025.
SBA 7(a) loan, change of ownership, approved Aug 19, 2025
- Gross approval
- $1,250,000
- SBA-guaranteed amount
- $937,500 (75% of the approval)
- Lender
- Meridian Bank, Malvern, PA
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 10 years (120 months)
- Estimated maturity
- August 19, 2035 (estimated, approval date plus term)
- Estimated monthly payment
- $16,346 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Sep 18, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 1
- Business type
- Corporation
- NAICS
- 423610, Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
- Project location
- Northampton County, PA
- SBA district office
- Philadelphia District Office
- Congressional district
- PA-07
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 45% of acquisition loans in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers on this site.
- Average acquisition loan in Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers: $1,962,200.
- Average acquisition loan in Pennsylvania: $1,636,965.
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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