Main Street Registry

Trivia Restaurant Group, LLC

West Caldwell, NJ · Full-Service Restaurants · NAICS 722511

Trivia Restaurant Group, LLC, located in West Caldwell, New Jersey, operates in the full-service restaurants industry. The company was financed with an SBA 7(a) loan for a change of ownership totaling $2,145,000, approved on March 5, 2025, through Port 51 Lending LLC.

SBA 7(a) loan, change of ownership, approved Mar 5, 2025

$2,145,000 approvedLender: Port 51 Lending LLC286 months termStatus not reported (SBA exemption)Loan details
Gross approval
$2,145,000
SBA-guaranteed amount
$1,608,750 (75% of the approval)
Lender
Port 51 Lending LLC, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
23 years, 10 months (286 months)
Estimated maturity
January 5, 2049 (estimated, approval date plus term)
Estimated monthly payment
$20,086 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 9, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
722511, Full-Service Restaurants
Project location
Essex County, NJ
SBA district office
New Jersey District Office
Congressional district
NJ-11
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 85% of acquisition loans in Full-Service Restaurants on this site.
  • Average acquisition loan in Full-Service Restaurants: $1,319,601.
  • 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