Main Street Registry

CLS Products NY, Inc.

New York, NY · Other Miscellaneous Durable Goods Merchant Wholesalers · NAICS 423990

CLS Products NY, Inc. is a business in New York, NY, in the other miscellaneous durable goods merchant wholesalers industry (NAICS 423990). It was financed with an SBA 7(a) loan for a change of ownership of $540,000 from FinWise Bank, with the loan approved on July 13, 2026.

SBA 7(a) loan, change of ownership, approved Jul 13, 2026

$540,000 approvedLender: FinWise Bank10 years termCommitted, not fully disbursedLoan details
Gross approval
$540,000
SBA-guaranteed amount
$405,000 (75% of the approval)
Lender
FinWise Bank, Murray, UT
Processing method
Standard 7(a): the lender submits the application for SBA review
Initial interest rate
9.5%, variable
Term
10 years (120 months)
Estimated maturity
July 13, 2036 (estimated, approval date plus term)
Estimated monthly payment
$6,987 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
4
Business type
Corporation
NAICS
423990, Other Miscellaneous Durable Goods Merchant Wholesalers
Project location
New York County, NY
SBA district office
New York District Office
Congressional district
NY-12
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 4% of acquisition loans in Other Miscellaneous Durable Goods Merchant Wholesalers on this site.
  • Average acquisition loan in Other Miscellaneous Durable Goods Merchant Wholesalers: $2,301,987.
  • Average acquisition loan in New York: $1,771,512.

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