Supreme Bargains Inc
Supreme Bargains Inc is located in Middletown, NY, and the SBA lists its industry as All Other General Merchandise Retailers. It was approved for an SBA 504 loan ($1,320,000 SBA portion) on March 16, 2024 to finance real estate or equipment.
SBA 504 loan, approved Mar 16, 2024
- SBA (CDC) portion
- $1,320,000
- Bank portion
- $1,618,000
- Estimated project size
- $3,264,444 (estimated)
- Estimated owner equity
- $326,444 (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
- March 16, 2049 (estimated, approval date plus term)
- First disbursement
- Jul 17, 2024
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 455219, All Other General Merchandise Retailers
- Project location
- Orange County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-18
- Collateral
- Yes
Estimated share of project by source
Bank 50% SBA (CDC) 40% Owner 10%
- Larger than 23% of expansion loans in All Other General Merchandise Retailers on this site.
- Average expansion loan in All Other General Merchandise Retailers: $2,003,182.
- 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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