SBA lending record

JWUGRAD LLC

615 BLOOMFIELD AVE, Montclair, NJ · Full-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$800K

Total SBA financing

Loans on record

FY2023–24

On record

Jobs supported

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All 4 loans

$150,000 — FY2024

Loan 1 of 4

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: Charged off (failed)
Rate at approval: 14.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/22/2024
First disbursement: 6/18/2024
Days to fund: 27 days
Charged off: 2/5/2026
Charge-off amount: $143,207
Collateral: Required
Jobs supported: 4
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: First Bank of the Lake
Address: 615 BLOOMFIELD AVENUE
City: Montclair
County: Essex
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 10

$150,000 — FY2024

Loan 2 of 4

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: In workout — SBA bought the guarantee
Rate at approval: 11.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 11/16/2023
First disbursement: 11/22/2023
Days to fund: 6 days
Collateral: None
Sold on secondary market: Yes
Jobs supported: 1
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: Colony Bank
Address: 615 Bloomfield Ave
City: Montclair
County: Essex
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 10

$350,000 — FY2023

Loan 3 of 4

Gross approval: $350,000
SBA guaranteed: $262,500 (75%)
Status: In liquidation
Rate at approval: 10.5% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/4/2023
First disbursement: 3/10/2023
Days to fund: 6 days
Collateral: Required
Jobs supported: 8
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: The Huntington National Bank
Address: 615 BLOOMFIELD AVE
City: Montclair
County: Essex
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 10

$150,000 — FY2023

Loan 4 of 4

Gross approval: $150,000
SBA guaranteed: $127,500 (85%)
Status: In workout — SBA bought the guarantee
Rate at approval: 12% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 7/3/2023
First disbursement: 7/5/2023
Days to fund: 2 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 13
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Full-Service Restaurants
NAICS code: 722511
Lender: BayFirst National Bank
Address: 615 BLOOMFIELD AVE
City: Montclair
County: Essex
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 10

The lenders

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The banks most active funding full-service restaurants — by location, industry.

SBA lenders in New Jersey Lenders for full-service restaurants Full-Service Restaurants lenders in New Jersey

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Agent summary

This page summarizes the public SBA 7(a) lending record for JWUGRAD LLC in Montclair, NJ (Full-Service Restaurants). 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.

4 SBA 7(a) loans totaling $800K
On record FY2023–24
26 jobs supported
Industry: Full-Service Restaurants
Location: Montclair, NJ
Lenders: The Huntington National Bank, BayFirst National Bank, First Bank of the Lake

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Full-Service Restaurants businesses in NJ for ~$200k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.

Next steps

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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.
Canonical:: https://www.capbench.com/businesses/jwugrad-llc-nj
API:: https://www.capbench.com/api/public/businesses/jwugrad-llc-nj
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 JWUGRAD LLC.

JWUGRAD LLC

All 4 loans

$150,000 — FY2024

$150,000 — FY2024

$350,000 — FY2023

$150,000 — FY2023

The lenders

The Huntington National Bank

BayFirst National Bank

First Bank of the Lake

Colony Bank

Find SBA lenders for businesses like this

Similar businesses

Agent summary