Main Street Registry

Park & Park Corp.

Ledgewood, NJ · Supermarkets and Other Grocery Retailers (except Convenience Retailers) · NAICS 445110

Park & Park Corp. is a supermarket and grocery retailer in Ledgewood, NJ, classified under NAICS 445110 (Supermarkets and Other Grocery Retailers, except Convenience Retailers). The company was financed with an SBA 7(a) loan for a change of ownership of $1.11 million, approved on January 7, 2025 by lender Readycap Lending, LLC.

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

$1,110,000 approvedLender: Readycap Lending, LLC10 years termPaid in fullLoan details
Gross approval
$1,110,000
SBA-guaranteed amount
$832,500 (75% of the approval)
Lender
Readycap Lending, LLC, Berkeley Heights, NJ
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10%, variable
Term
10 years (120 months)
Estimated maturity
January 7, 2035 (estimated, approval date plus term)
Estimated monthly payment
$14,669 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 30, 2025
Loan status
Paid in full
Jobs supported
7
Business type
Corporation
NAICS
445110, Supermarkets and Other Grocery Retailers (except Convenience Retailers)
Project location
Morris 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 43% of acquisition loans in Supermarkets and Other Grocery Retailers (except Convenience Retailers) on this site.
  • Average acquisition loan in Supermarkets and Other Grocery Retailers (except Convenience Retailers): $1,791,981.
  • 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