SBA lending record
Formula Plus LLC
814 BOND ST, Elizabeth, NJ · Paint, Varnish, and Supplies Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$265K
Total SBA financing
2
Loans on record
FY2024–25
On record
4
Jobs supported
Is Formula Plus LLC your business?
This record comes from public government lending data. Claim it to correct the details or tell your story — or ask us to take it down.
All 2 loans
$240,000 — FY2025
Loan 1 of 2- Gross approval
- $240,000
- SBA guaranteed
- $120,000 (50%)
- Status
- Current
- Rate at approval
- 10.5% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 1/8/2025
- First disbursement
- 1/24/2025
- Days to fund
- 16 days
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Paint, Varnish, and Supplies Merchant Wholesalers
- NAICS code
- 424950
- Address
- 814 BOND ST
- City
- Elizabeth
- County
- Union
- SBA district office
- NEW JERSEY DISTRICT OFFICE
- Congressional district
- 8
$25,000 — FY2024
Loan 2 of 2- Gross approval
- $25,000
- SBA guaranteed
- $12,500 (50%)
- Status
- Paid in full
- Rate at approval
- 14.3% v
- Term
- 120 mo (10 yr)
- Program
- SBA Express Program
- Subprogram
- FA$TRK (Small Loan Express)
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 2/10/2024
- First disbursement
- 2/27/2024
- Days to fund
- 17 days
- Paid in full
- 1/31/2025
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- Existing or more than 2 years old
- Industry
- Paint, Varnish, and Supplies Merchant Wholesalers
- NAICS code
- 424950
- Address
- 814 BOND ST
- City
- Elizabeth
- County
- Union
- SBA district office
- NEW JERSEY DISTRICT OFFICE
- Congressional district
- 8
The lender
TD Bank, National Association
2 loans to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding paint, varnish, and supplies merchant wholesalers — by location, industry.
Similar businesses
Comparable paint, varnish, and supplies merchant wholesalers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Rising Star Coatings of America, Inc
Roslyn, NY· ~31 mi
Paint, Varnish, and Supplies Merchant Wholesalers
- $383K
- SBA financing
- ≈ $750K–$1.3M
- Est. revenue (rough)
ROMAN ENTERPRISES ZG, LLC
Hillside, NJ· ~4 mi
Paint, Varnish, and Supplies Merchant Wholesalers
- $2.3M
- SBA financing
- ≈ $4.4M–$7.4M
- Est. revenue (rough)
LOCKETT'S COLLISION SUPPLY, INC.
Hatboro, PA· ~58 mi
Paint, Varnish, and Supplies Merchant Wholesalers
- $541K
- SBA financing
- ≈ $1.1M–$1.8M
- Est. revenue (rough)
FINISHING FOCUS, INC.
Plymouth, MA
Paint, Varnish, and Supplies Merchant Wholesalers
- $170K
- SBA financing
- ≈ $333K–$556K
- Est. revenue (rough)
NRG123 Holdings LLC
Lakewood, NJ· ~39 mi
Paint, Varnish, and Supplies Merchant Wholesalers
- $4.0M
- SBA financing
- ≈ $7.9M–$13M
- Est. revenue (rough)
EUROPE COATING INDUSTRIES, LLC
Hialeah, FL· ~1080 mi
Paint, Varnish, and Supplies Merchant Wholesalers
- $316K
- SBA financing
- ≈ $620K–$1.0M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Formula Plus LLC in Elizabeth, NJ (Paint, Varnish, and Supplies Merchant Wholesalers). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $265K
- On record FY2024–25
- 4 jobs supported
- Industry: Paint, Varnish, and Supplies Merchant Wholesalers
- Location: Elizabeth, NJ
- Lender: TD Bank, National Association
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Paint, Varnish, and Supplies Merchant Wholesalers businesses in NJ for ~$133k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
Is Formula Plus LLC your business?
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Formula Plus LLC.