Main Street Registry

Prajapati Brothers LLC

Califon, NJ · Beer, Wine, and Liquor Retailers · NAICS 445320

Prajapati Brothers LLC of Califon, NJ operates in the beer, wine, and liquor retail industry (NAICS 445320). The business was financed with an SBA 7(a) loan for a change of ownership of $786,000, approved on April 22, 2025 by Wilmington Savings Fund Society FSB.

SBA 7(a) loan, change of ownership, approved Apr 22, 2025

$786,000 approvedLender: Wilmington Savings Fund Society FSB25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$786,000
SBA-guaranteed amount
$589,500 (75% of the approval)
Lender
Wilmington Savings Fund Society FSB, Wilmington, DE
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
April 22, 2050 (estimated, approval date plus term)
Estimated monthly payment
$6,867 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 6, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
5
Business type
Corporation
NAICS
445320, Beer, Wine, and Liquor Retailers
Project location
Hunterdon 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 32% of acquisition loans in Beer, Wine, and Liquor Retailers on this site.
  • Average acquisition loan in Beer, Wine, and Liquor Retailers: $1,337,023.
  • 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