Genrose New York LLC
Genrose New York LLC, located in Far Rockaway (Queens), NY, is classified under the industry Floor Covering Retailers (NAICS 449121). The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1.215 million, approved on October 30, 2024, through lender Cross River Bank and certified development company Trenton Business Assistance Corporation.
SBA 504 loan, approved Oct 30, 2024
$1,215,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,215,000
- Bank portion
- $1,694,248
- Estimated project size
- $3,232,498 (estimated)
- Estimated owner equity
- $323,250 (estimated, about 10% of the project)
- Bank lender
- Cross River Bank, Fort Lee, NJ
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- October 30, 2049 (estimated, approval date plus term)
- First disbursement
- Jan 15, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 6
- Business type
- Corporation
- NAICS
- 449121, Floor Covering Retailers
- Project location
- Queens County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-4
- Collateral
- Yes
Estimated share of project by source
Bank 52% SBA (CDC) 38% Owner 10%
- Average expansion loan in Floor Covering Retailers: $1,528,333.
- Average expansion loan in New York: $2,225,161.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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Same industry in New York
- Linmarks Commercial Flooring Inc, Nanuet