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RESTAURANT EQUIPMENT PARADISE,INC — SBA Loan Record (East Hartford, CT) | DealRoom

Intelligence/Other Commercial Equipment Merchant Wholesalers/CT

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SBA lending record

RESTAURANT EQUIPMENT PARADISE,INC

465 Park Ave, East Hartford, CT · Other Commercial Equipment Merchant Wholesalers. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.5M

Total SBA financing

1

Loan on record

FY2024

On record

5

Jobs supported

Is RESTAURANT EQUIPMENT PARADISE,INC 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

$1,500,000 — FY2024

Gross approval: $1,500,000
SBA guaranteed: $1,125,000 (75%)
Status: Paid in full
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: 3/2/2024
First disbursement: 3/19/2024
Days to fund: 17 days
Paid in full: 12/31/2025
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 5
Business type: Corporation
Business age: Existing or more than 2 years old
Industry: Other Commercial Equipment Merchant Wholesalers
NAICS code: 423440
Lender: Newtek Bank, National Association
Address: 465 Park Ave
City: East Hartford
County: Capitol
SBA district office: CONNECTICUT DISTRICT OFFICE
Congressional district: 1

The lender

Newtek Bank, National Association

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 other commercial equipment merchant wholesalers — by location, industry.

SBA lenders in Connecticut Lenders for other commercial equipment merchant wholesalers Other Commercial Equipment Merchant Wholesalers lenders in Connecticut

Similar businesses

Comparable other commercial equipment merchant wholesalers in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.

ULTRA FLOW DISPENSE, LLC

Windsor, CT· ~8 mi

Other Commercial Equipment Merchant Wholesalers

$410K
SBA financing: ≈ $804K–$1.3M
Est. revenue (rough)

JB Consulting, LLC

Hillsdale, NJ· ~91 mi

Other Commercial Equipment Merchant Wholesalers

$775K
SBA financing: ≈ $1.5M–$2.5M
Est. revenue (rough)

SMDeals Inc.

Suffern, NY· ~92 mi

Other Commercial Equipment Merchant Wholesalers

$743K
SBA financing: ≈ $1.5M–$2.4M
Est. revenue (rough)

Hottop Americas LLC

Branford, CT· ~34 mi

Other Commercial Equipment Merchant Wholesalers

$350K
SBA financing: ≈ $686K–$1.1M
Est. revenue (rough)

Bordova Innovations Inc

Linden, NJ· ~116 mi

Other Commercial Equipment Merchant Wholesalers

$2.9M
SBA financing: ≈ $5.6M–$9.3M
Est. revenue (rough)

OPTCONN, INC

Raynham, MA· ~81 mi

Other Commercial Equipment Merchant Wholesalers

$500K
SBA financing: ≈ $980K–$1.6M
Est. revenue (rough)

Agent summary

This page summarizes the public SBA 7(a) lending record for RESTAURANT EQUIPMENT PARADISE,INC in East Hartford, CT (Other Commercial Equipment Merchant Wholesalers). 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 $1.5M
On record FY2024
5 jobs supported
Industry: Other Commercial Equipment Merchant Wholesalers
Location: East Hartford, CT
Lender: Newtek Bank, National Association

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Other Commercial Equipment Merchant Wholesalers businesses in CT for ~$1.5M 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 2026-06-17.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/restaurant-equipment-paradise-inc-ct
API:: https://dealroom.so/api/public/businesses/restaurant-equipment-paradise-inc-ct
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 RESTAURANT EQUIPMENT PARADISE,INC 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 RESTAURANT EQUIPMENT PARADISE,INC.