Ultra Stones LLC
Ultra Stones LLC is a business in Farmingdale, New York, in the coal and other mineral and ore merchant wholesalers industry (NAICS 423520). The company financed real estate or equipment through an SBA 504 loan of $2,523,000, approved December 1, 2025, with Happen Bank as the lender and Trenton Business Assistance Corporation as the certified development company.
SBA 504 loan, approved Dec 1, 2025
$2,523,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,523,000
- Bank portion
- $3,067,750
- Estimated project size
- $6,211,944 (estimated)
- Estimated owner equity
- $621,194 (estimated, about 10% of the project)
- Bank lender
- Happen Bank, Lehi, UT
- Processing method
- 504 Basic: standard SBA processing through a CDC
- Term
- 25 years (300 months)
- Estimated maturity
- December 1, 2050 (estimated, approval date plus term)
- First disbursement
- Jul 15, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 16
- Business type
- Corporation
- NAICS
- 423520, Coal and Other Mineral and Ore Merchant Wholesalers
- Project location
- Suffolk County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-2
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Coal and Other Mineral and Ore Merchant Wholesalers: $2,523,000.
- 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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