SBA lending record
True Receipt LLC
189 PALISADE AVE, Garfield, NJ · Tax Preparation Services. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$200K
Total SBA financing
1
Loan on record
FY2023
On record
100
Jobs supported
Is True Receipt LLC your business?
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The loan
$200,000 — FY2023
- Gross approval
- $200,000
- SBA guaranteed
- $150,000 (75%)
- Status
- In workout — SBA bought the guarantee
- Rate at approval
- 10.75% v
- Term
- 104 mo (9 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 4/11/2023
- First disbursement
- 4/25/2023
- Days to fund
- 14 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 100
- Business type
- Partnership
- Business age
- Existing or more than 2 years old
- Industry
- Tax Preparation Services
- NAICS code
- 541213
- Lender
- BayFirst National Bank
- Address
- 189 PALISADE AVE
- City
- Garfield
- County
- Bergen
- SBA district office
- NEW JERSEY DISTRICT OFFICE
- Congressional district
- 9
The lender
BayFirst National Bank
1 loan to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding tax preparation services — by location, industry.
Similar businesses
Comparable tax preparation services in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Pine Group Tax & Accounting Services LLC
Nutley, NJ· ~4 mi
Tax Preparation Services
- $188K
- SBA financing
- ≈ $369K–$614K
- Est. revenue (rough)
Taiwo Tax & Accounting LLC
Montclair, NJ· ~7 mi
Tax Preparation Services
- $240K
- SBA financing
- ≈ $471K–$784K
- Est. revenue (rough)
RHYMER CPA PC
Leonia, NJ· ~6 mi
Tax Preparation Services
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
Consulture LLC
Lodi, NJ· ~1 mi
Tax Preparation Services
- $350K
- SBA financing
- ≈ $686K–$1.1M
- Est. revenue (rough)
CHEVONNE M CHEATAM
South Orange, NJ· ~12 mi
Tax Preparation Services
- $150K
- SBA financing
- ≈ $294K–$490K
- Est. revenue (rough)
TDS GLOBAL INC
East Rutherford, NJ· ~3 mi
Tax Preparation Services
- $90K
- SBA financing
- ≈ $176K–$294K
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for True Receipt LLC in Garfield, NJ (Tax Preparation Services). 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 $200K
- On record FY2023
- 100 jobs supported
- Industry: Tax Preparation Services
- Location: Garfield, NJ
- Lender: BayFirst National Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Tax Preparation Services 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.
- 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 True Receipt 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 True Receipt LLC.