With your numbers
NELM = 7.93 − 5·log₁₀(10^(4.316 − SQM/5) + 1) = 5.82 (Unihedron)
TLM = 2.7 + 5·log₁₀ 120 = 13.10
(120 / 7)² = 294×
Bortle is approximate (from the same SQM table AstroBrain uses for your location). The telescope limit assumes a dark sky and an experienced eye.