SBA lending record
Grip Channel LLC
5 GATES AVE, Summit, NJ · Consumer Electronics and Appliances Rental. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$215K
Total SBA financing
1
Loan on record
FY2024
On record
2
Jobs supported
Is Grip Channel LLC your business?
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The loan
$215,000 — FY2024
- Gross approval
- $215,000
- SBA guaranteed
- $161,250 (75%)
- Status
- Cancelled
- Rate at approval
- 11.25% v
- Term
- 129 mo (11 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 11/10/2023
- Collateral
- Required
- Jobs supported
- 2
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Consumer Electronics and Appliances Rental
- NAICS code
- 532210
- Lender
- Columbia Bank
- Address
- 5 GATES AVE
- City
- Summit
- County
- Union
- SBA district office
- NEW JERSEY DISTRICT OFFICE
- Congressional district
- 7
The lender
Find SBA lenders for businesses like this
The banks most active funding consumer electronics and appliances rental — by location, industry.
Similar businesses
Comparable consumer electronics and appliances rental in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
TALK KOSHER INC.
Brooklyn, NY· ~22 mi
Consumer Electronics and Appliances Rental
- $153K
- SBA financing
- ≈ $300K–$500K
- Est. revenue (rough)
Live Beyond Inc
Philadelphia, PA· ~59 mi
Consumer Electronics and Appliances Rental
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
JB's Cold Mobile Storage, LLC
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Consumer Electronics and Appliances Rental
- $212K
- SBA financing
- ≈ $415K–$692K
- Est. revenue (rough)
GTS MANAGEMENT LLC
Keyser, WV· ~261 mi
Premier Rental-Purchase
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
L & J Leasing LLC
Woonsocket, RI· ~172 mi
ColorTyme
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
Preferred Laundry Services
Spring, TX· ~1393 mi
Consumer Electronics and Appliances Rental
- $165K
- SBA financing
- ≈ $324K–$539K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Grip Channel LLC in Summit, NJ (Consumer Electronics and Appliances Rental). 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.
- 1 SBA 7(a) loan totaling $215K
- On record FY2024
- 2 jobs supported
- Industry: Consumer Electronics and Appliances Rental
- Location: Summit, NJ
- Lender: Columbia Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Consumer Electronics and Appliances Rental businesses in NJ for ~$215k 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.
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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 Grip Channel LLC.