Gancfried Insurance Brokerage Inc.
Gancfried Insurance Brokerage Inc. is an insurance agency and brokerage based in Brooklyn, New York. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,064,000, approved on January 5, 2026, through Cross River Bank with Trenton Business Assistance Corporation as the certified development company. The loan is listed as not funded.
SBA 504 loan, approved Jan 5, 2026
$1,064,000 SBA portionCDC: Trenton Business Assistance Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,064,000
- Bank portion
- $1,292,700
- Estimated project size
- $2,618,556 (estimated)
- Estimated owner equity
- $261,856 (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
- January 5, 2051 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 3
- Business type
- Corporation
- NAICS
- 524210, Insurance Agencies and Brokerages
- Project location
- Kings County, NY
- SBA district office
- New York District Office
- Congressional district
- NY-7
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 10% of expansion loans in Insurance Agencies and Brokerages on this site.
- Average expansion loan in Insurance Agencies and Brokerages: $1,924,000.
- 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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