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BorroNet Corp. — SBA Loan Record (Somerset, NJ) | DealRoom

Intelligence/All Other Amusement and Recreation Industries/NJ

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SBA lending record

BorroNet Corp.

120 CEDAR GROVE LN, Somerset, NJ · All Other Amusement and Recreation Industries. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$100K

Total SBA financing

1

Loan on record

FY2024

On record

12

Jobs supported

Is BorroNet Corp. 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.

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The loan

$100,000 — FY2024

Gross approval: $100,000
SBA guaranteed: $85,000 (85%)
Status: Cancelled
Rate at approval: 11.25% v
Term: 123 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 3/22/2024
Collateral: Required
Jobs supported: 12
Business type: Corporation
Business age: Startup, Loan Funds will Open Business
Industry: All Other Amusement and Recreation Industries
NAICS code: 713990
Lender: Magnifi Financial CU
Address: 120 CEDAR GROVE LN
City: Somerset
County: Somerset
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 6

The lender

Magnifi Financial CU

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 all other amusement and recreation industries — by location, industry.

SBA lenders in New Jersey Lenders for all other amusement and recreation industries All Other Amusement and Recreation Industries lenders in New Jersey

Similar businesses

Comparable all other amusement and recreation industries in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

Premier Indoor Golf Experience LLC

Hillsborough, NJ· ~6 mi

All Other Amusement and Recreation Industries

$289K
SBA financing: ≈ $567K–$945K
Est. revenue (rough)

JKZ Entertainment LLC

Eatontown, NJ· ~29 mi

All Other Amusement and Recreation Industries

$125K
SBA financing: ≈ $245K–$408K
Est. revenue (rough)

WheeZone LLC

Kendall Park, NJ· ~7 mi

All Other Amusement and Recreation Industries

$305K
SBA financing: ≈ $598K–$997K
Est. revenue (rough)

Iron Atmosphere LLC

Tinton Falls, NJ· ~30 mi

All Other Amusement and Recreation Industries

$150K
SBA financing: ≈ $294K–$490K
Est. revenue (rough)

Pro Billiard Club LLC

Hackensack, NJ· ~36 mi

All Other Amusement and Recreation Industries

$148K
SBA financing: ≈ $289K–$482K
Est. revenue (rough)

CHOYCE Athletics LLC

East Hanover, NJ· ~21 mi

All Other Amusement and Recreation Industries

$165K
SBA financing: ≈ $324K–$539K
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for BorroNet Corp. in Somerset, NJ (All Other Amusement and Recreation Industries). DealRoom 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 $100K
On record FY2024
12 jobs supported
Industry: All Other Amusement and Recreation Industries
Location: Somerset, NJ
Lender: Magnifi Financial CU

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with All Other Amusement and Recreation Industries businesses in NJ for ~$100k deals, then pre-qualify for 7(a) financing before making an offer. DealRoom can arrange a lender introduction — free for buyers.

Next steps

Pre-qualify this deal→Talk to a loan broker→Find SBA lenders→Compare similar deals→

Data freshness:: SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/borronet-corp-nj
API:: https://dealroom.so/api/public/businesses/borronet-corp-nj
Methodology:: Sources & methodology

Informational only — DealRoom does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
Figures come from public records and DealRoom methodology; verify before relying on them.
Financing figures are historical loan records, not a current offer or a loan approval. DealRoom is not a lender.

Is BorroNet Corp. your business?

This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with BorroNet Corp..