SOM Hospitality Inc

30 Mall Dr. W, A21A, Jersey City, NJ · Drinking Places (Alcoholic Beverages). The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$1.1M

Total SBA financing

1

Loan on record

FY2025

On record

15

Jobs supported

Franchise brand

Tapville Social

See Tapville Social's SBA financing data — typical deal, failure rate, and how its loans perform →

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The loan

$1,097,100 — FY2025

Gross approval: $1,097,100
SBA guaranteed: $822,825 (75%)
Status: Current
Rate at approval: 10.25% v
Term: 120 mo (10 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 9/17/2025
First disbursement: 10/6/2025
Days to fund: 19 days
Collateral: Required
Sold on secondary market: Yes
Jobs supported: 15
Business type: Corporation
Business age: New Business or 2 years or less
Industry: Drinking Places (Alcoholic Beverages)
NAICS code: 722410
Franchise: Tapville Social
Franchise code: S4158
Lender: Magyar Bank
Address: 30 Mall Dr. W, A21A
City: Jersey City
County: Hudson
SBA district office: NEW JERSEY DISTRICT OFFICE
Congressional district: 8

The lender

Magyar Bank

1 loan to this businessFull SBA lending record + branches on the lender page →

Agent summary

This page summarizes the public SBA 7(a) lending record for SOM Hospitality Inc in Jersey City, NJ (Drinking Places (Alcoholic Beverages)). 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 $1.1M
On record FY2025
15 jobs supported
Industry: Drinking Places (Alcoholic Beverages)
Location: Jersey City, NJ
Lender: Magyar Bank

Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Drinking Places (Alcoholic Beverages) businesses in NJ for ~$1.1M deals, then pre-qualify for 7(a) financing before making an offer. DealRoom 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 2026-06-16.
Sources:: Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
Canonical:: https://dealroom.so/businesses/som-hospitality-inc-nj
API:: https://dealroom.so/api/public/businesses/som-hospitality-inc-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.

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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 SOM Hospitality Inc.